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Unfortunately, not new to ProSeries - over 20 years of grumpiness. 🙂 I tried to move away couple times but ran into numerous conversion headaches, as my return...
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Bill's description is correct: AirBnBs are still rentals except for PAL purposes and should be reported on Sch E or 8825/Box 2.Terry, you may be misunderstandin...
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No and no.1. REPS serves a specific purpose, this is not merely some innocent checkbox. It changes the tax treatment of ALL rental activities with material part...
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Incorrect. REPS is one of the situations when rental losses are non-passive but not the only one. Short-term rentals with material participation is another situ...
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This frustrating issue still exists in 2021 software and is driving me up the wall. NO, this is NOT about RE Professional. There're other situations where a K-1...
