How do you enter passive activity loss.

Forum|Forum|6 years ago
April 26, 2020
1 reply
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George4Tacks

Level 15

Depends. For Schedule E, 1040 look across the top of the enter for E and find 2 more: and click that to reveal Passive Losses. There is similar sorta hard to find entry in other screens.

Answers are easy. Questions are hard!

Y

yvonnereidbernsteinAuthor

Level 2

Thanks for this, but I still do not think this is what I was looking for, but it very well could be.

This is the scenario. It is from a study problem. Client A has a limited partnership investment in a commercial rental project in which she has no personal involvement. During 2019, her share of the partnership loss equals $15,000. Client A also has a rental house that she actively manages, and it generated a $21,000 loss for 2019. Client A had NO passive carryover from prior years. If Client A’s modified adj gross income before passive losses is $102,000 calculate the deduction amounts for client A’s tax return using Form 8582

PhoebeRoberts

Intuit Community Champion

You don't want to know how to enter passive activity losses. You want to know how to enter a K-1 and a rental property. Do you know how to enter those things?

Also, this is not a homework help forum.

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