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How can I use TT Business 2022 'step-by-step' to see multiple Sched E for farm rental?

My trust rents Pasture land and Crop land. Using TT Business 2022 I entered income & expenses for Pasture land using 'step-by-step' and it populates Sched E OK. But using 'step-by-step' won't let me see the 2nd Sched E for Crop income & expenses nor the Sched E Farm Worksheet (I have to manually enter data in the tax forms). Any ideas how I can use 'step-by-step' for both?
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1 Best answer

Accepted Solutions

How can I use TT Business 2022 'step-by-step' to see multiple Sched E for farm rental?

Understood. However, note that even a simple Schedule C must be prepared in Forms Mode for a 1041; there is no Step-by-Step for that form. 

 

There have been a plethora of enhancement requests over the years, but not much has changed. I would not hold out much hope for the future either as it appears as if the model may be to transition to "assisted" or full service.

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5 Replies

How can I use TT Business 2022 'step-by-step' to see multiple Sched E for farm rental?

You are unable to add another Schedule E property?

 

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How can I use TT Business 2022 'step-by-step' to see multiple Sched E for farm rental?

Thans for your prompt response. Yes, I went thru the 'step-by-step' to enter a fake farm rental but it never asked me if it's a farm asset. So that was no help. Is there a 'secret' to tell 'step-by-step' that the rental is a farm asset that needs to use the Farm Worksheet?

How can I use TT Business 2022 'step-by-step' to see multiple Sched E for farm rental?


@rmfrog1 wrote:

Is there a 'secret' to tell 'step-by-step' that the rental is a farm asset that needs to use the Farm Worksheet?


No, unfortunately. Anything that has to do with a farm (Farm rental or business) has to be entered in Forms Mode.

How can I use TT Business 2022 'step-by-step' to see multiple Sched E for farm rental?

Not having 'step-by-step' for farm stuff is very unfortunate since the 's-by-s' does a great job of verifying and validating. This needs to be worked and added into a future release of Business.  How do I make that suggestion or request that update? Have other TT users requested this sort of enhancement? I would think that there is a large audience for this enhancement.   Thanks, again, for your prompt response. I will 'close' this item....R

How can I use TT Business 2022 'step-by-step' to see multiple Sched E for farm rental?

Understood. However, note that even a simple Schedule C must be prepared in Forms Mode for a 1041; there is no Step-by-Step for that form. 

 

There have been a plethora of enhancement requests over the years, but not much has changed. I would not hold out much hope for the future either as it appears as if the model may be to transition to "assisted" or full service.

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