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Level 3
posted Apr 6, 2023 6:19:41 PM

Federal review found errors with Schedule E but I don't have rental property

On the "smart review" Schedule E form appears and it wants my property location. My question is where is the screen and questions that populate this form. The "smart review" wants me to directly fill out the Schedule E form, and as I look farther down it wants to know "Days rented at fair value" I don't have rental property. My question is what screen did I fill out to make the "smart review" want this information for something I don't have.

 

I did file a K-1, but it was for a stock, I can't find any errors there. 

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1 Best answer
Level 3
Apr 7, 2023 8:06:55 AM

My K-1 is a natural gas co partnership (UNG), it doesn't have rental real estate. Looking at the Schedule E part 1, it is for real estate, part 2 is for partnerships, what I have and that is filled out correctly for UNG. I deleted the Schedule E worksheet form for part 1 where the errors were and did the "Smart Review" again and now no errors found! I think I'm all set.

Thanks for your help RobertB4444

2 Replies
Expert Alumni
Apr 7, 2023 7:55:40 AM

If your K-1 has any rental income that may have triggered the form.  Otherwise, check the investment income section for rental real estate and go through there to see if you accidentally triggered the form somehow by creating a rental property.  If so just delete it and that should solve the problem.

 

@Tesla99 

Level 3
Apr 7, 2023 8:06:55 AM

My K-1 is a natural gas co partnership (UNG), it doesn't have rental real estate. Looking at the Schedule E part 1, it is for real estate, part 2 is for partnerships, what I have and that is filled out correctly for UNG. I deleted the Schedule E worksheet form for part 1 where the errors were and did the "Smart Review" again and now no errors found! I think I'm all set.

Thanks for your help RobertB4444