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On tax returns that had real estate losses over $25,000, they were not handled properly on the 2018 return. I hope you have corrected this problem

lefty722
Level 1
 
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abctax55
Level 15
I love it....and yes, it has been the issue with more than one of my "technical" issues.
HumanKind... Be Both

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5 Comments 5
Just-Lisa-Now-
Level 15
Level 15

I have not seen other reports of mishandling of real estate losses being an issue in the 2018 software, maybe you can elaborate on the specifics of one of the returns in question and someone can help you see if this was a programming issue or perhaps data entry error or misunderstanding on your part about how rental losses work when the $25K limit comes into play.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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George4Tacks
Level 15

DMS does a terrible job of preparing tax returns. Try one of the Intuit Tax prep products next time. https://accountants-community.intuit.com/articles/1859737-comparing-lacerte-and-proseries-and-procon...


Answers are easy. Questions are hard!
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abctax55
Level 15

MY software limits it correctly, unless PEBCAK occurs and "real estate pro" gets checked.

HumanKind... Be Both
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poolcleaner
Level 9
PEBCAK has become a major part of my vocabulary.  Thank you, A.
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abctax55
Level 15
I love it....and yes, it has been the issue with more than one of my "technical" issues.
HumanKind... Be Both
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