Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Re: passive rental real estate loss for year - ito shows it as a deductible Schedule E Loss
passive rental real estate loss for year - ito shows it as a deductible Schedule E Loss
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
edpage88
Level 1
2 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
how to find a way to get ito to record a passive rental real estate loss as passive and not active.
2 Comments 2
TaxGuyBill
Level 15
2 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Even though it is Passive income, if their income is under $150,000 and they "Actively Participate", a loss may be allowable (up to $25,000). See lines 1 and 4-11 on Form 8582.
Is that what is happening?
George4Tacks
Level 15
2 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
We need more information. You should not need to do anything. Are you doing a Sch E on a 1040? Recording some flavor of K1??
Answers are easy. Questions are hard!
