itonewbie
Level 15
06-15-2020
10:05 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The code section is §280A, not 280(A).
If you have made the input under Schedule E > Schedule E Worksheet for data entry for Days rented at fair market value and Days of personal use, the allocation will be done automatically. You should also review whether Lines R and S may be applicable to your client.
The allocation and limitation will be computed and shown on the same input screen. If you want a printed copy of the worksheet, it will be printed with the Preparer Copy or you can choose to print just the worksheet by selecting Print Selected Forms with Schedule E Wks.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar