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leonardk169
Returning Member

Why does Schedule 1, line 17 shows passive rental loss with AGI more then $150,000

 
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2 Replies

Why does Schedule 1, line 17 shows passive rental loss with AGI more then $150,000

"Why does Schedule 1, line 17 shows passive rental loss with AGI more then $150,000"

 

That should obviously not be the result.

 

However, Line 17 also displays losses from royalties, partnerships, S corporations, and trusts. If you only have losses from rental real estate, make sure you did not check any box in the rental section indicating that you disposed of the property. Also, make sure you did not inadvertently indicate that you are a real estate professional.

Carl
Level 15

Why does Schedule 1, line 17 shows passive rental loss with AGI more then $150,000

One other thing too. Depending on what version of TurboTax you are using, you have not yet entered all of your income. So at this specific and explicit point in time the *PROGRAM* does not know what you final and definitive AGI is yet.

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