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
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
- :
- Re: 8995
8995
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Aztaxman1
Level 2
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
How do I code the Schedule E input screen to generate an 8995?
3 Comments 3
abctax55
Level 15
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.
abctax55
Level 15
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Again, they have to be marked as T/B.
Lacerte has a spot for that, towards the bottom of the input.
I'm sure PTO does also.
But, I don't use PTO.
HumanKind... Be Both
