That is because that is no longer a valid code. Have you looked at the Schedule C Instructions?   Nonstore Retailers Nonstore retailers sell all types of merchandise using such methods as Internet, mail-order catalogs, interactive television, or direct sales. These types of Retailers should select the PBA associated with their primary line of products sold. For example, establishments primarily selling prescription and non-prescription drugs, select PBA code 456110 Pharmacies & Drug Retailers. https://www.irs.gov/pub/irs-pdf/i1040sc.pdf#page=18

@jeffmcpa2010 wrote: Sorry to say that I have never found an automatic way to move assets from one form to another.   I have no idea if this is also available for a 1120-S, but for 1040s you can do it.  Open the asset, go to the top menu bar and click "Forms", then "Change Activity".    

@Factswrite wrote: Attorney used the assessed value on tax bill as FMV on DOD,   I don't know how your area works, but in my area the valuation for property tax is well over a year before the actual real estate taxes are due.  So it is possible that the "assessed value" is actually from the prior year.  

@IRonMaN wrote: Ok, so now I have a client with a Medicaid waiver payment that the IRS tells me to back off it by way of line 8 on schedule 1.  They also received a frontline worker payment which the state says to put on line 8 of schedule 1.  Life is wonderful until you go to the Minnesota return and I have an error message telling me I can't subtract the payment on M1M since I don't have an amount on line 8 of the federal return ---------------- because I have a negative amount entered on that line because of the netting of the two items.  After I post this, I am stopping off at Walmart for a job application.  I hear stocking shelves pays pretty well these days 😭   Interestingly, the one glitch that I had (I entered an amount too large) was also with the 2014-7, but I seem to have gotten past it.  But I haven't tried e-filing it yet (I don't have the 8829). Walmart employees need to deal with random shooters, many 'Karens' and low pay.  It much sounds better than using ProSeries.  🤣

I haven't come across that yet, but I haven't e-filed in a couple of days (waiting on a million responses and 8879s). The only hiccup I had with that is when I mis-typed the number (more than 487). I was pleasantly surprised to see that entering it on the M1M automatically flowed to the M1PR.

It should be on a 1099-MISC, not a 1099-NEC. So yes, it is reported a "other income" (or possibly short-term 8949/Schedule D, but I would go with other income). $15,000+ for SRECs is impressive, and must be an upfront purchase of many years.

Neither working remotely or not having FICA withheld has any bearing on if he is an employee or self employed. If you determine is truly is self employed, it goes on Schedule C.  If you determine he is an employee, it goes on line 1h on the 1040.

If they are items separate from the building, like appliances or carpeting, yes, you can use Bonus on the LOWER of (a) the cost and (b) the Fair Market Value when they first became available for use in the rental. But prior improvements to the building are all part of the building, which is depreciated over 27.5 years, starting when the building becomes available for rent.