Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Investment Checkbox on Schedule E
Investment Checkbox on Schedule E
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
ewhit
Level 1
02-01-2024
01:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On the "Rental and Royalty Income" screen, under the "Property Information" tab, in the "Other Information" section near the bottom, there is a checkbox that is just called "Investment"
What is the purpose of this checkbox? And is there a resource for looking at the functionality of different inputs? Is there some manual or something that can help guide where in the inputs are meant to flow or affect?
Labels
1 Comment 1
Purpose Built
Level 1
02-01-2024
03:55 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Support just told me this after several escalations to figure it out:
The program carries the interest expense and the net investment income to Form 4952. NOTE: Generally, investment income is never passive income (and vice versa), so if this activity is a passive activity, do not check this box. However, income from leased land is generally treated as investment income and should be reported on Form 4952, but not reported on Form 8582.
