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Investors & landlords
Thanks for forwarding my post to the moderators. Hopefully
they will post it to some internal bug report and tracking system
Intuit may have, or otherwise send it to product QA or developers.
The issue I pointed out is *not* a rare case. *Every* landlord in
Pennsylvania needs to classify *each* rental unit as
(1) part of a business activity or not; and
(2) for-profit or not, as defined by Pennsylvania,
in order to properly calculate and report state taxes.
Turbotax on-demand guidance implicitly assumes
that a rental can be for-profit only if it is considered
part of a business activity, as defined by Pennsylvania.
That is not true.
For rentals that are not part of a business activity, the
correct workaround seems to me to be to *ignore*
Turbotax on-demand guidance (help window) and
instead download and follow PA-40 instructions for
whether a rental is "for-profit" or not. There is no
need to make adjustments in Forms mode.
But this workaround defeats the purpose of buying
Turbotax. Most people expect tax software to
break down the complex original tax rules and
instructions into easy-to-answer questions.
For the "Is this a for-profit property?" question,
I think Turbotax currently fails to provide the
correct guidance.