rental expenses w/ office

Forum|Forum|4 years ago
May 5, 2022
3 replies
10 views

ct has several rental properties and uses schedule "E" how can the expenses for office be taken off

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

I use a dummy Sch C and the 8829 to complete the OIH deduction, then print the 8829,. delete Sch C and enter it the OIH deduction as Other Expenses on Sch E.

dkh

Level 15

There was a previous post regarding this...good luck finding it.. I believe the suggestion was to use Sched C F8829 worksheet to get your calculation then do Other Expense line entry with the amount

Just-Lisa-Now-

Answer

Intuit Community Champion

I use a dummy Sch C and the 8829 to complete the OIH deduction, then print the 8829,. delete Sch C and enter it the OIH deduction as Other Expenses on Sch E.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

BobKamman

Level 15

Does the client also qualify as a real estate professional? Are they claiming the Section 199A deduction? Does the Schedule E show a loss even before this deduction? Whether a rental real estate enterprise is a trade or business is the subject of uncertainty for some taxpayers. And some tax preparers. I would proceed with caution.

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