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Investors & landlords
Let me provide some numbers to illustrate, since I can't post images:
Line 1 Rent received: 8,000 15,000 11,000
Line 18 Total expenses: 7,000 10,000 18,000
Line 19 Income: 1,000 5,000 (blank)
Line 20 Loss: (blank) (blank) 0
That last number should be 7,000, not zero, and the loss box should be checked. There's nothing in the official form instructions indicating something different should happen.
Line 22 should indicate a loss of 1,000, not a gain of 6,000.
‎April 17, 2023
12:49 PM