Announcement

Collapse
No announcement yet.

Form 1040NR and Rental Property

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Form 1040NR and Rental Property

    Taxpayer ONLY has rental property. Loss of $16,000 in 2008. No other income. My tax program is not carrying the loss from Schedule E to line 18 of form 1040NR. So I go to the instructions for 1040NR, and the IRS instructions go from lines 17a and 17b, to Line 20. Nothing about Line 18. According to 1045 we don't have a NOL. What am I missing about Non Residents and Rental Losses???
    Tags: None
    #2
    So, did my program. I'm guessing. It went to the 8582 and the special allowance for rental property was not allowed. I spent a few minutes trying to find out where it says it is not allowed, but couldn't quickly.
    JG

    Comment

    Previous template Next

    Disclaimer

    Collapse

    This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

    Working...
    X