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Deductions & credits
The full amount of the loss is being deducted and the property was not indicated as sold. All of my income has been entered. Line 22 and 26 on Schedule E both show the full loss. On the E Worksheet, the boxes that are checked are B, C and G. I am not sure why/how G is checked. The "No" box is indicated on I through M. On Form 8582, I have other passive losses from minority investments in real estate LLC's but the vacation rental loss does not appear on the worksheet or on 1 a-d (Rental Real Estate Activities with Active Participation).
March 30, 2021
5:08 PM