Transferring assets from a personal schedule E 1040 to a 1041 K1 Schedule E

Forum|Forum|4 years ago
November 11, 2021
1 reply
11 views

Hi

I'm new to Pro Series and I am wondering how to transfer some assets that are on a personal 1040 schedule E to a new schedule E that will be put on a K1. The trust transferred rental real estate in March

Thank You for your help

ProSeries Professional

This topic has been closed for replies.

Best answer by tiellamo

Thank you that really helps

i have another question that you might be able to answer. Is there a way to put a tax return in practice mode with Pro Series?
thank you

IRonMaN

Level 15

If you used fixed asset manager, you could do that. If you just used ProSeries, it can't be done.

Slava Ukraini!

T

tiellamoAuthorAnswer

Level 2

Thank you that really helps

i have another question that you might be able to answer. Is there a way to put a tax return in practice mode with Pro Series?
thank you

N

Norman2001

Level 6

Here's a link to using Proseries "what if" mode. I usually make a copy of the tax return and modify for different scenarios.

https://proconnect.intuit.com/community/individual/help/proseries-what-if-worksheet-faq-s/00/5920

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