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This is the 1st Year Schedule E is being prepared for my client. Deductible Rental Income Loss from Schedule E does not flow to Page 1 of the 1040. Any ideas as to why that is?

imuritala
Level 1
 
Labels (1)
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2 Replies 2
sjrcpa
Level 15

Passive loss rules. See Form 8582 and instructions.


ex-AllStar
ljr
Level 3

Check their income - they are probably over the limit 75K/150k single/ married. Check suspended losses.