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Get your taxes done using TurboTax
Thank you for the quick response.
I assume that my taxable income for 2020 was negative, as the major positive portion of my total income was Social Security Benefits. I had a huge loss on my rental property.
Line 15 on 1040 is zero. But I am a little confused about line 8 of schedule 1. Schedule 1 (Additional income and Adjustments to Income) line 8 "Other income. List type and amount" is empty. I do have $-19,992 on the line 5 (Rental real estate, royalties, partnerships, S corporations etc.). Also I do not see NOL anywhere on schedule 1
‎January 19, 2022
4:45 PM