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loss on a rental property

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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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4 Replies 4
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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?

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 15

".. does not see" on F 1040.

What about on the F 8582?

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches
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Level 10

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

** I'm still a champion... of the world! Even without The Lounge.
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Level 8

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