46
Level 1

There is a loss on a rental property and does not see the loss shown on the 1040.  Please advise 

 

Thanks,

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IRonMaN
Level 15

There are some income limitations involved in those kind of things.  Did you check to make sure your client didn't exceed it?


Slava Ukraini!
abctax55
Level 15

".. does not see" on F 1040.

What about on the F 8582?

"*******Tax software is no substitute for a professional tax preparer*******
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Accountant-Man
Level 12

Lookup turbotax.com. This space is for tax professionals. 

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poolcleaner
Level 9

Are you certain you have checked the box for Active Participation if it applies?