Rox
Level 3
10-02-2024
07:48 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Taxpayer stopped renting home and farm land and converted all assets to active farm use. I want to move assets from Schedule E to Schedule F so that any prior passive losses are released from the rental history on the current tax return, and yet the asset still shows in ProConnect with its depreciation history but reassigned to flow to Schedule F.
Best Answer Click here