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Deductions & credits
Yes. I have three pages for Schedule E. The 3 rental properties are on page one and the royalty property with blank address and description lines is on a second page. I also have a K-1 which is entered in Schedule E, Part II, on a page 3, where all Schedule E profits and losses are combined to a final net number in Part V, Summary. That summary net total is then transferred to 1040, Schedule 1, Part 1, Line 5.
‎August 8, 2022
5:29 PM