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Investors & landlords
I followed the instructions to convert the rental property to a home sale on the day of closing. I was able to enter items into the section called "Rental properties and Royalties" with out any errors. My rental income is $44. The expenses are $24K and the depreciation is $18K. The net profit is almost nothing for the year. Now comes the sale of business property. When I select the first option which is sales of business or rental property, the next page is "Sales of Business or rental property." There seems to be an error on the screen because the heading says "copy name" and under that it says "Copy 1" Even if I click edit and enter information into the property sale summary and then click DONE, it goes back to some TEMPLATE page. then when I am done with income., the system getting errors in the FIX which I am unable to fix. (system will not allow me to fix the errors) There are 7 errors. 1 First is"Check this entry" for Home sales worksheet. it says there is no entry and I cannot edit it. I notice that all the numbers that I can see on the form are all INCORRECT. then another error on form 2210. Then rest of errors are on form E, PLEASE HELP