Mimi Seibel wrote:

- quote -

First of all, be sure that the property still qualifies for
the exclusion. If such a "home" was transformed into rental
property five years ago, you're out of luck.

Assuming it does, then the answer to your question is: Use
the override key.

Cheer$,
Harlan Lunsford, EA in LA

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"Mimi Seibel" <mgseibel[at]austin.rr.com> wrote:

- quote -

Probably because you're supposed to post the gain. You're
ALSO supposed to post a negative entry reflecting the Sec.
121 exclusion amount if the property qualifies.

- quote -

I don't know anything about Proseries (and would never use
it) but I would think disallowed losses are entered in by
activity NOT by asset.

--
David M. Woods, EA
Boston, MA 02109

Postings here are general information only and not to be
relied upon as advice.

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How does one get Proseries to associate the Sale of Main
Home Exclusion with the Disposition of Asset on a Sch. E
rent proeprty? I can not figure how physically to dispose
the asset without having it post a gain to Sch. D. Also
don't see how to enter prior year disallowed losses in
original asset entry screen or anywhere else! Has anyone
encountered this?

MGS

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