@Anonymous_ wrote:
@Opus 17 wrote:
.....in the schedule D interview, there is a question about whether you want to use the exclusion, and you can turn it down even if you qualify. I would assume the same option exists in the schedule E interview,...
You are not understanding the issue; they do not need to use any option in the program in the Schedule E interview.
Again, they do not want to use the home sale exclusion in conjunction with the sale of their rental property. As a result, they simply need to enter the sale during the Schedule E interview as one would without regard to the two out of five rule.
But the customer says "I don't see the option to pass on the gain for the rental property if I use the Schedule E asset disposal method. "
So your answer is that the reason the customer is not seeing an option to not take the exclusion in the schedule E interview, is because the schedule E interview never includes the personal capital gains exclusion, so there is no option to turn it off?
