This is a nightmare.
I initially clicked on Partnership when inputting the current years information relating to an existing rental property. Somehow, this is generating a sale of the property from a partner or something, and generating a huge terminal loss. The property is split between myself and my wife. No dispositions took place,
Also, it seems no matter how many times I go through it, I initially put .6% as opposed to 60%. I can get the 60% to apply, as I can see the share of the rental net income is correct, but it does not seem to retain this percentage visually - every time I come back to this page, the percentage is gone.
The big problem is the terminal loss.
Any thoughts appreciated.
Stuart
I would just delete the existing rental, and then create a new one and re-input the info.
If you are still not able to resolve this issue, please contact our phone support team at 1-888-829-8608.
It took me a while to find, but one of the fixed assets - I had clicked a box that indicated a disposition of the asset. Once I unchecked it, it was resolved.
It is very painful to enter the rental property information given the percentage ownership have to be entered everytime you go through to edit.