How Do I Remove the Safe Harbor Election on Schedule E?
Desktop · Written guide Content date 1 min read
In an individual tax return in Tax Processors Plus Desktop, there are two steps to removing the safe harbor election from a rental property in Schedule E:
- Remove the indication that the property qualifies for QBID by virtue of the safe harbor election.
- Remove the explanation attached to the return.
To remove the Safe Harbor Election, from the Main Menu of the tax return (Form 1040) select:
- Income
- Rents, Royalties, Entities (Sch E, K-1, 4835, 8582)
- Rents and Royalties - Select the property, then click Edit.
- Qualified Business Income Deduction
- Qualifies for QBI Deduction - If NO, change to YES. There are two menu items to change:
- Qualifies For QBI Deduction Reason - Select Does Not Qualify.
- Qualifies For QBI Deduction - Select NO.
To remove the Explanation for Safe Harbor Election, from the Main Menu of the tax return (Form 1040) select:
- Income
- Rents, Royalties, Entities (Sch E, K-1, 4835, 8582)
- Attach PDF Document for Rental Safe Harbor Elections - Select the document and click Delete.
Note: If the PDF attachment is not removed it will be transmitted with the return.
Additional Information: