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First year landlord...schedule E amount is not showing up on 1040 schedule 1 (Line 5)
Hi,
This is my first year entering my real estate assets as I rented a purchased property last year.
I did a cost segregation study and entered my assets for Real estate property, Land improvements, and Appliances etc.
I picked 80% bonus depreciation and I see a large negative Net Income of $-37K which is good (I think).
Anyhow it is not appearing on the 1040 Schedule 1 Line 5.
Any ideas why TurboTax is not copying over the amount or what might be stopping it.
Thanks
Mark
‎February 13, 2024
7:24 PM