Rental Property

Forum|Forum|2 months ago
April 14, 2026
1 reply
33 views

First time with rental property. Invested money to get the property ready and started rental in last month of 2025. Entered all revenue and expenses in Schedule E, but a loss but I'm not eligible to use any of the loss this year. Why?

PatriciaV

Level 15

You can review some forms in your return to see how the loss was handled. Schedule E Wks (property address) Line 22 reports the deductible rental loss. Schedule E p1 Line 22 shows the Deductible rental loss after limitation (if any) from Form 8582. If you need to review your carryover losses, also review Form 8582 Part IV.

All these forms and worksheet are included in the PDF of your complete return if you choose to include all forms and worksheets. See Can I print a copy of my TurboTax Online return before I file it?

If you need extra time, filing an extension by April 15, 2026, moves your submission deadline to October 15. But remember any taxes owed are still due in full by the original April 15 date.

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