Skip to main content
Level 1
July 28, 2020
Question

loss on a rental property

  • July 28, 2020
  • 4 replies
  • 35 views

There is a loss on a rental property and does not see the loss shown on the 1040.  Please advise 

 

Thanks,

This topic has been closed for replies.

4 replies

IRonMaN
Level 15
July 28, 2020

There are some income limitations involved in those kind of things.  Did you check to make sure your client didn't exceed it?

Slava Ukraini!
abctax55
Level 15
July 28, 2020

".. does not see" on F 1040.

What about on the F 8582?

HumanKind... Be Both
Accountant-Man
Level 13
July 28, 2020

Lookup turbotax.com. This space is for tax professionals. 

** I am "Elevating with Intention!"
Level 8
July 29, 2020

Are you certain you have checked the box for Active Participation if it applies?