AnnG
Level 1

My owns several rental properties and meet the requirements for as a Real Estate Professional.  In Proseries Professional, I entered all the properties separately on Sch.E and selected Active Participation, Material Participation and Other Passive Exceptions with the understanding that losses from the rental properties would flow through 100% to Form 1040, line 17, but only some of the losses flowed through.  Am I using the correct Schedule or should I use a Schedule C?

Your response is certainly appreciated.

Thank you,

Ann

 

 

 

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Just-Lisa-Now-
Level 15
Level 15

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♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
AnnG
Level 1

Thank you very much Lisa.  After a careful review of the tax return, I have concluded that Proseries carried the numbers correctly.

lisaj
Level 2

Thanks so much for the help!!!

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