Activity Feed
- Posts
- Replies
-
Proconnect is treating the depletion deduction as if it is a passive loss. This taxpayer has other passive losses and income the net of which is net positive in...
-
If I check the box, the depletion amount gets added to the 8582 as a passive loss while the royalty income is not characterized as passive income such that depl...
-
When I include depletion on Sch E part 1 as suggested, the depletion is limited due to passive activity loss limitations while the income is not allowed as an o...
-
My client has royalty income from a trust. Where is depletion reported? And what are the steps in proconnect to get the deduction in the right place on the prop...
-
Thanks. I ended up starting data entry using the Sch E screen. Then I chose royalties and filled in more such a 1099 expenses shown on the 1099 and then in the ...
