Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Should tax returns be filed where agi is-$17,000 due to rental loss.
Should tax returns be filed where agi is-$17,000 due to rental loss.
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
hspeck
Level 3
04-03-2023
12:19 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Should tax return of single TP be filed where agi is -$17,000. No other income. Rental of three houses is only income except for socialsecurity.
Labels
3 Comments 3
IRonMaN
Level 15
04-03-2023
12:49 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes, assuming there was enough rental receipts to exceed the filing requirement plus if there is a potential NOL, you would want to report it to allow for some carryovers.
Slava Ukraini!
taxes96786
Level 9
04-04-2023
12:35 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You need to show the IRS how you got to a loss of income.
