Have a California resident client who owns and rents out farmland in Ohio. Getting a diagnostic telling me income/loss will be treated as nonpassive on California return. To correct, I am to enter 1 in Real Estate Professional...but she is not such. Any help in correcting this to allow for passive
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Cash rent on Sch E or crop share on 4835?
Cash rent on Sch E or crop share on 4835?
Do you have "land" entered as the type of property?
Cash rent with expenses on Schedule E
Yes, I do.
It is not passive. The software is correct.
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