Aztaxman1
Level 2
01-09-2025
11:55 AM
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How do I code the Schedule E input screen to generate an 8995?
abctax55
Level 15
01-09-2025
12:08 PM
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You have to indicate that the rental is a 'trade or business'. IF that's truly the case, it's a 'facts & circumstances' situation.
Lacerte (PTO's big sister...) has an area to 'check the box' for this, at the bottom of the Rental Income/Exp input screen.
HumanKind... Be Both
Aztaxman1
Level 2
01-09-2025
05:21 PM
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Thanks...
I went back and coded for Trade and Business however, only two of the rentals (one a P/S and the other an S-Corp) appeared on the 8995. None of the individual rentals (8 rentals) appeared.