Skip to main content
Level 2
February 17, 2024
Question

schedule e loss not showing

  • February 17, 2024
  • 1 reply
  • 7 views

There is a rental loss on schedule E line 21 but it doesn't carry to line 22, therefore the loss is not being deducted from the 1040. Anyone know why this would happen?

    This topic has been closed for replies.

    1 reply

    PhoebeRoberts
    Intuit Community Champion
    February 17, 2024

    What does Form 8582 look like?

    janetkAuthor
    Level 2
    February 17, 2024

    That's it. The income is too high to take the loss. Thanks!

    Level 3
    March 29, 2024

    Hello - same type of situation. I have a client with a 28k loss (several months not payment and a eviction and many repairs.) and only a 58k income - mine is still zero. Why wouldn't the loss apply?