client sold rental property for $70,000 Pro Series showing no tax due

[Smitty]

Client sold rental property gain of $70,000 Pro Series show no tax due

[IRonMaN]

Maybe they should go out and buy a lottery ticket next as long as they are having a streak of good luck. 

[Just-Lisa-Now- · Accepted solution]

You need to follow the money through the return to decide if this is correct or not, nobody here can see whats really going on from here.

[IRonMaN]

I guess I thought we were just celebrating since I didn’t see a question in there anywhere.  Folks sometimes need to live dangerously and actually look at where the numbers are coming from rather than blindly relying on the software.

[Smitty]

Client had gain of $70,000 on rental property. Client also had carryover loss from stock sales, so assume reason for no tax. Should have checked all info before posting.  Thank you for responding so quickly. 

[garman22]

that happens......

Glad you found it!