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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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    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?

    imuritala
    Level 1
    ‎04-16-2021 05:43 PM
     
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    2 Comments 2
    sjrcpa
    Level 15
    ‎04-16-2021 05:45 PM

    Passive loss rules. See Form 8582 and instructions.

    The more I know, the more I don't know.
    ljr
    Level 8
    ‎04-17-2021 05:53 AM

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







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