I have a client who inherited her mother's home. Why is the loss being disallowed in ProSeries?
Losses on personal use property are not allowed. Could that be it?
Inherited loss should be allowed. Its "possible" that the estate has not been finalized......could that be it? I am going on memory here. So, I apologize if I am wrong.
Or what @sjrcpa said. 😁
Call it an investment, not a personal asset. Use Schedule D.
was a "k1" issued 2 u??
