Carl
Level 15

Deductions & credits

Based on my preliminary (and incomplete) testing, it appears that if you have multiple rental properties and on one of them you elect to treat them all (or some) as a single enterprise, the program does not assume other properties are a part of that enterprise.

@GabiU can you provide some guidance here on how to deal with this in the program? In my test, I worked through all rental properties and upon clicking the DONE button is when I was asked about combining my rentals into a single enterprise. Giving the "enterprise" a name is no issue. But I see nothing to indicate that both of my rentals are included in this enterprise. Also, what if I have two residential rentals and one commercial rental? I can only aggregate the two residential properties of course. Does the program handle this?