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leonardk169
Returning Member

How do I get Turbo tax to classify rental loss as passive

Turbo tax is deducting my passive rental loss from regular income
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5 Replies

How do I get Turbo tax to classify rental loss as passive

Up to $25K of rental loss is deductible on the income tax return against ordinary income ... if you qualify the program does this automatically and it cannot be changed. 

leonardk169
Returning Member

How do I get Turbo tax to classify rental loss as passive

What do i need to change in order to classify a rental loss to passive and get it off of Schedule 1, line 17.

How do I get Turbo tax to classify rental loss as passive

good input

Carl
Level 15

How do I get Turbo tax to classify rental loss as passive

SCH 1 line 17 has absolutely nothing to do with rental income in any way, form or fashion. Line 17 of the SCH 1 is for the penalty on early withdrawal of savings. So if you're not supposed to have anything on that line, your error has nothing what-so-ever to do with SCH E.

See the blank SCH 1 form for 2019 at https://www.irs.gov/pub/irs-pdf/f1040s1.pdf

 

How do I get Turbo tax to classify rental loss as passive

@Carl OP is referring to Schedule 1 Line 17 for tax year 2018.  The date of the post was October 15, 2019

Schedule 1 (2018) - https://www.irs.gov/pub/irs-prior/f1040s1--2018.pdf

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