KrisD15
Expert Alumni

Investors & landlords

The loss would be reported on Schedule 1 Line 5.

 

You need to be able to answer the questions regarding "Did You Materially Participate in this Rental Property" and the interview which follows in the rental section of the software. 

You would need to be an Active Participant. 

 

You can switch to Forms if using TurboTax Desktop and look at the Schedule E Worksheet. 

In either program you can look at Schedule E.

 

You can look at Form 8582 Passive Activity Loss Limitations to see if the rental loss is being limited. 

 

 

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