My ProSeries

ProSeries Frequently Asked Questions

Iowa Fiduciary Form IA 1041, Line 4 Does Not Convert the Total Rental Income/Loss Under Certain Circumstances

Products Affected:

ProSeries/Iowa Fiduciary

Situation

Iowa Fiduciary Form IA 1041, Iowa Fiduciary Return, line 4 does not convert the total rental income/loss from the federal return when the Schedule E Farm Rental Income and Expenses Worksheet is used and there are no other Schedule E properties (non-farm properties).

Solution

This situation was corrected in an Iowa Fiduciary update that became available online on March 11, 2008. Download and install this update, if you have not already done so. (Go to the Update menu and choose Update Installed Products.)

Workaround (prior to update)

Manually enter the amount from line 26 of the federal Schedule E, p1 Additional, on line 4 of Iowa Form IA 1041.

Tax Year: 2007
Last Updated: 11/07/2008

Did this information resolve your issue? Yes No Does Not Apply		Comments about this page:
		Note: You will not receive a personal response to your comment.

© Intuit Inc. All rights reserved. Intuit, the Intuit logo, QuickBooks, ProSeries and Lacerte, among others, are registered trademarks and/or registered service marks of Intuit Inc. or one of its subsidiaries. Other parties' marks are the property of their respective owners.