Its showing zero, but my overall loss if -$6000, last year it was -$13000 and that should up on line 17 of 1040 form. I'm curious why I can claim the -$6000 anymore....
I wonder if they've updated the 4562 yet. Can't tell with the online version unless you print. To print the return you have to pay. I don't want you to pay until you're ready to file. @TurboTaxKari has the 4562 been released yet?
Any idea as to why the SCH E is not being transferred to the 1040 line 17?
I added this income limitation as an answer for others who may have the same question.
In case you are wondering why you are not showing the loss from your real estate activity on line 17 of your 1040, you should review your income other than the real estate loss. Unless you file as a real estate professional, your allowable loss is limited to $25,000 in total and that amount decreases with your other income. At $100,000 in other income, the allowable loss amount begins to decrease, and, when you reach $150,000 in other income, that $25,000 reaches zero. Any portion of the disallowed loss you didn't get to deduct in the current year is carried forward and becomes deductible when you sell the property in a fully taxable sale.