Retired clienT RENTAL PROPERTY

Forum|Forum|6 years ago
February 27, 2020
9 replies
45 views

My client only receives rental property income for 8700 and social security, with mortgage interest does he still need to file the system is giving me a message that I can not electronically file the return. Does he still need to file a return?

ProSeries Basic

This topic has been closed for replies.

Best answer by sjrcpa

He also has social security income for himself and his wife for 16,182. The system is giving me an error code stating that all of the following lines on form 1040 have zeros, which is the reason I can not electronically file.

Put in $1 interest income.

IRonMaN

Level 15

If the gross rental income is $8700, then there isn't a need to file. If the $8700 is the net income, maybe. If the gross rents received is over $13,850 then you need to file.

Slava Ukraini!

qbteachmt

Level 15

With mortgage interest on a rental, and a rental means depreciation and other operating costs, why would you not file?

Not being able to e-file isn't the Tax regulation for reporting. There is something going on that means it doesn't qualify to e-file, such as required forms or info, or something about the taxpayer's situation you haven't described.

Don't yell at us; we're volunteers

R

rose323Author

Level 5

He also has social security income for himself and his wife for 16,182. The system is giving me an error code stating that all of the following lines on form 1040 have zeros, which is the reason I can not electronically file.

Sign up

Login with SSO

Let's get you signed in

Login with SSO