Why is the business income netting to Zero even though the expense is more than the income

cyrilguobadia14 · ‎February 28, 2025

JamesG1 · ‎March 4, 2025

Within the rental property activity, make sure that you indicated that you were an active participant.

At the screen Review your rental property info, Active participant is reported in the lower left hand corner of the screen.

Access rental income by following these steps:

Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Scroll down to Rentals, Royalties, and Farm and click on the dropdown menu.
Click to the right of Rental Properties and Royalties (Sch E).
At the screen Your 2024 rentals and royalties summary, click the pencil to the right of the rental activity.
Click the pencil to the right of Rental property info.

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AmeliesUncle · ‎March 4, 2025

If this is a business, not a rental property, when it asked you if you "Materially Participate", did you say "yes"?

When it asked if you all investment was "At-Risk", did you say "yes"?

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