The business loss would flow to schedule E, page two and the rental income to schedule E, page 1. The totals from schedule E would then flow to form 1040, schedule 1, line 5.
You can see form 1040 and the numbered schedules while working in the online TurboTax by following these steps in the program:
- Tools (left side of the menu bar)
- Tax Tools
- View Tax Summary
- Preview my 1040 (left menu bar)
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