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I have rental income but on the 4562 line 11 it isn't "picking up" the rental income only the business income How do I fix this?

 
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2 Replies
Carl
Level 15

I have rental income but on the 4562 line 11 it isn't "picking up" the rental income only the business income How do I fix this?

Part I on the 4562 (lines 1-13) deals with "earned" income reported on SCH C. It does not include SCH E income. Additionally, residential rental real estate is not eligible for the SEC179 deduction anyway, which is primarily what Part I of the form deals with.

 

I have rental income but on the 4562 line 11 it isn't "picking up" the rental income only the business income How do I fix this?

*IF* the rental activity rises to the level of a "Trade or Business", you need to manually add the rental profit to Line 11.

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