mjwinney
Returning Member

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