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Level 1
April 16, 2021
Question

This is the 1st Year Schedule E is being prepared for my client. Deductible Rental Income Loss from Schedule E does not flow to Page 1 of the 1040. Any ideas as to why that is?

  • April 16, 2021
  • 2 replies
  • 8 views
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2 replies

sjrcpa
Level 15
April 16, 2021

Passive loss rules. See Form 8582 and instructions.

The more I know the more I don’t know.
ljr
Level 9
April 17, 2021

Check their income - they are probably over the limit 75K/150k single/ married. Check suspended losses.