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Investors & landlords
I'm having the same issue, my rental property unit resulted in 13k loss and I specified that I'm an active participant. My Schedule E (Form 1040) on the resulted return reports the 13k loss on line 21 (Subtract 20 from 3 and 4), but it is still empty on line 22 (Deductible rental real estate loss after limitation, if any, on Form 8582) and the deduction is not applied to "total rental real estate and royalty income or loss" field. My line 25 (Losses) is also empty as a result.
‎April 15, 2022
10:09 PM