Posted by Mike P on March 12, 2002 at 21:32:21:
I never asked the preparer directly “why not”? I can only think it was because of not enough practice with REI taxes. It’s Greek to me. I now have my returns back though with my deduction amount entered as a capitol gains loss and it is listed as “deposits on rental” on schedule D in the description of property column (1a). Now I wonder if this is accurate enough or will this “flag” my return? I am pleased the amount is finally included at least.