Investors & landlords

@Helpless4 

 

What you are seeing is your property asset summary in the interview section of the program.

 

Check your Schedule E and/or your Schedule E Worksheet. 

 

Note that your net loss is going to be limited since losses from residential real estate are passive. You may (probably do) qualify for the special allowance for active participation (see link below), but that is limited to a maximum of $25,000 (that you can deduct from other income) and the rest of the loss will be carried forward.

 

Active Participation allowance: https://www.irs.gov/publications/p527#en_US_2022_publink1000219124