I have now progressed far beyond this original post in seeing where TT is faulty. See below.
I do know how to update software.
K-1 part 111,line 1 , checking the materially participated box decreases tax due even when line 1 is blank and the only entry is in line 2 . Incorrect linkage.
As there is no K-1 check for Real Estate Professional, Sched E limits the loss to 25K at line 32. That would be ok if the line 43 entry corrected the limit. It does not.
Correctly entering Sched E line 43 only causes the red line error highlight and does not recalculate taxes due.
I should spend more of my time on the phone to explain the above? Maybe TT should proof their work.
