I included expenses on schedule E and the overall deduction is not allowed on the 1040, why?
You'll need to sign in or create an account to connect with an expert.
"If you have a loss from your rental real estate activity, two sets of rules may limit the amount of loss you can report on Schedule E. You must consider these rules in the order shown below. Both are discussed in this section.
For additional information, please refer to IRS Pub. 527 Residential Rental
Property, p. 13.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
5351ea506cfa
New Member
zomboo
Level 6
syn0412
New Member
meggmeyers
New Member
g213
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.