ILLMAS Posted May 28, 2009 Report Share Posted May 28, 2009 I have a TP that actively participates in his rental properties, he has a loss of about 50K, but nothing is following to the 1040, shouldn't a max of 25K flow as a loss? His income is about 115K. What should I check in ATX to see why it's not flowing through or what else do I need to review. Thanks Quote Link to comment Share on other sites More sharing options...
joelgilb Posted May 28, 2009 Report Share Posted May 28, 2009 This may be a dumb question, but did you make sure that he is "Actively Participating" on the input sheet? Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted May 28, 2009 Report Share Posted May 28, 2009 Review the 8582. On the E, review the red lines at the top of the form, to be sure that line 3 is checked. Also is there a 6198 in the return? Quote Link to comment Share on other sites More sharing options...
michaelmars Posted May 29, 2009 Report Share Posted May 29, 2009 is he active or a real estate professional, that makes a difference and what is his agi, the losses may be phased out. Quote Link to comment Share on other sites More sharing options...
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