- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
You are mixing up apples and oranges ... first the rentals are reported on the Sch E and you may have an overall loss on that form.
THEN you are allowed the larger of the Sch A (itemized deductions) or the standard deduction.
The expenses for the rentals on the Sch E do not ALSO go on the Sch A. These are totally separate situations on the tax return.
‎April 20, 2021
7:01 PM