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Client has a rental property. On the Schedule E worksheet I checked, under 'Check All That Apply', Box C for Active participation. It has a small loss. The 8582 is not putting this on Part 1, Line 1b. It's putting it on Line 3b.
Is there another box to check that I'm missing?
Thank you.
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I was going to say that you also should check Box D material participation. But even without that box checked, it should still go to Line 1 b. But, try material participation anyway and see if it works
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What type of rental property? How many days a rental? Any personal use days? When you say a "small loss" what are we actually talking about?
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365 days as a rental, no personal use, the loss is ($900).
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I tried that. No change. It is still on line 3 b. 😞
I tried typing in enough income so it has net income, also no change.
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I found the answer. The taxpayer is married filing separately. Bummer!
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Married filing separate returns seem to always have issues with them.. just my opinion
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They really do.