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If Lacerte is capable of doing something, and it's in the 1040, 1120S, or 1065 package, I can probably figure out how to do it. If it's a tax question, I might know what the right answer is, but on the internet, No One Knows You're a Dog, so do your own research and use your own professional judgement!
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The disclaimer has been there since Covid times. Last time I read the Lacerte EULA, it said I couldn't use it to build nuclear or biological weapons. Who's gonn...
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Does your client have a lot of income, such that their higher limit is entirely phased out?
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Bottom of Screen 1.
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Fromhttps://www.cohenco.com/knowledge-center/insights/april-2018/the-tricky-business-of-classifying-income-from-land-rents-on-your-tax-return While net losses ...
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Land rent is statutorily non-passive.
