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Why is a rental loss allowed for taxpayer earning over $400,000?

larryzfp
Level 3

Program is allowing a rental loss, AGI over $400,000. I didn't check Real estate Pro. what am I missing? 

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Accountant-Man
Level 11

Is Material participation checked?

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larryzfp
Level 3

No. if I check it it doesn't change anything. That is what is confusing me. 

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abctax55
Level 15

Complete disposition this year?

Former Chump..oops..AllStar...I used to be a people person, then people ruined it


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larryzfp
Level 3

No.

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abctax55
Level 15

Is there passive/rental income from some other source?  What shows on F 8582?

Former Chump..oops..AllStar...I used to be a people person, then people ruined it


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