Hello,
I qualify for the Real Estate Prof Status - been receiving it the last few years. I've checked the needed boxes for that. I have selected the options for Material Participation. Active Participation has been selected for my husband.
From Forms View - Schedule E - Box 43 has my loss at $6k, when it should be $17k. The rest of the form seems to be calculating correctly. The $17k loss shows on form 1040. I saw another post that I think hinted at this issue also, logged last year. What can be done to update box 43? A manual override does not work. It errors.
Form 8582 is "holding" most of my loss in line 2 (passive Activities) even though that loss should be reported on line 1 for Activities for Active Participation. The loss is stemming from issues I'm having in Part IV,
If I buy the "Live Tax Advice" for $60 is there a way to make sure that I get someone on the phone that is familiar with these forms enough to help?
I used a similar service that Turbo Tax had a number of years ago and did not have a very good experience - support person could not help me. In this case I would like to be able to share my screen and show exactly what is happening.
Please Advise.
Thanks
