loricpa100
Level 4
Wednesday
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Mid year client rented to child at below FMV rent an existing rental property within the LLC. I cannot find a way on the 8825 to limit this to ensure no loss.
I tried calling a vacation home. I tried showing 366 personal use days (in case needed it all to trigger). Nope - still giving entire rental loss to the LLC and partner K1s. Is there a way to limit to zero within the software automatically?
Do I manually limit - as I then lecture to the client the issues with this new development? 'I can manually stop depreciation. Yet the rest...
Thanks for your thoughts and help. Due Monday of course.
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IRonMaN
Level 15
yesterday
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