Question
Rental at less than FRV
Proseries Basic question
client rents a condo to her son at less than FRV. She is taking no deductions on Schedule E but is taking mortgage interest and taxes on Schedule A. She wants to pay all federal and state taxes on the rental income. When I enter the days rented at FRV with -0- and days of personal use at 365 ,I get an error message that if days rented at less than FRV is less than 15, the income and expenses should not be reported on this schedule. Where else can/should it be reported. Error message is preventing it from being converted for efiling.
