Crank Posted February 6, 2013 Report Posted February 6, 2013 Has anyone found a place to enter the percentage owned on Sch E for rental RE in Taxwise? I cant find it and think I may have to make the calculaltions manually. Quote
Guest Taxed Posted February 6, 2013 Report Posted February 6, 2013 There is a ownership percentage worksheet that goes along with Sch E BUT you have to select it from the Forms List. Also if you are doing 2 states Non Res/RES there is a worksheet that you must add first before you start making entries in the state forms. This worksheet will pick the stste income from W2 BUT you must check because some employers will double entry the state tax witheld if 2 or more states are involved (sum of state taxable income is greater than Federal taxable income). NY is the worst. It forces you to enter the entire Fed taxable income as state income and then you have to prorate on your form. What's up with NY? Quote
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