https://ttlc.intuit.com/community/taxes/discussion/how-much-does-schedule-e-help/01/2688438#M965360 <P>If you have have -$80,000 in losses from schedule E, how would that effect your overall taxes? How is it calculated? For example, if I owe $5,000 before doing schedule E, how much would the -$80,000 loss bring it down?</P> Mon, 09 Mar 2026 10:44:26 GMT Joans1738 2026-03-09T10:44:26Z https://ttlc.intuit.com/community/taxes/discussion/how-much-does-schedule-e-help/01/2688438#M965360 <P>If you have have -$80,000 in losses from schedule E, how would that effect your overall taxes? How is it calculated? For example, if I owe $5,000 before doing schedule E, how much would the -$80,000 loss bring it down?</P> Mon, 09 Mar 2026 10:44:26 GMT https://ttlc.intuit.com/community/taxes/discussion/how-much-does-schedule-e-help/01/2688438#M965360 Joans1738 2026-03-09T10:44:26Z https://ttlc.intuit.com/community/taxes/discussion/re-how-much-does-schedule-e-help/01/2688499#M965381 <P>It depends on a couple things, your income and maximum allowable. I want to say you can take up to $10,000 if your income is less than $100,000 a year filing jointly, and you are allowed $0 if your income is greater than $150,000 filing jointly.&nbsp; My numbers may not be perfect, but there are bounds like this.&nbsp; Anything you can't take goes into "passive loss carryover", which will not come into play until you sell the property or business.&nbsp; &nbsp;&nbsp;</P> Thu, 14 Apr 2022 01:45:03 GMT https://ttlc.intuit.com/community/taxes/discussion/re-how-much-does-schedule-e-help/01/2688499#M965381 brianz39 2022-04-14T01:45:03Z