Was told IRS would have a fix on Feb 5th, filed 2nd time today and was rejected. Briefly, we have no rental income, we have a business income (sole prop). Not sure what to do? I call TurboTax and they say it’s the IRS, I call the IRS and they say it’s TurboTax. Please advice. Thank you.
If Form 8960, 'NetRentalIncomeOrLossAmt' has a non-zero value, then it must be equal to Schedule 1 (Form 1040), 'RentalRealEstateIncomeLossAmt' unless all of the following conditions are true: 1) Filing status of the return is Married filing jointly or Qualifying widow(er) and 2) Form 8960, checkboxes 'Section6013gInd' and 'Section6013hInd' are not checked and 3) Form 8960, 'FilingThresholdAmt' equals 125000.
