On the Profit or Loss Results page I show a loss of $17,296 but I show a dollar amount of $32,425 of what I can deduct at this point. Can you explain the discrepancy?

[GiseleD]

What was your gross income? Gross income - allowable expenses = net business income/loss. Also, please keep in mind that if you had meal expenses, tax code only allows a 50% deduction unless you were a trucker subject to the DOT hours of service. 

[jnorthup-charter]

My father is retired and sold a rental property in Desert Hot Springs, CA. He has a part time job and made about $10,000 for the year. He bought the property for $30,763 in 1998 and sold in for $137,600 last year. i just want to make sure all the information is correct before I submit the taxes.  And I don't know how turbotax came up with the 32K figure when he only shows a net loss of 17K. Any help would be appreciated. Thank you