Last year and this sold a rental property. Drilling down off of the 1040 form can find where the amount on line 8 comes from. It goes to Schedule 1 line 10. Then the link from Schedule 1 line 5 goes to Schedule E for that rental property. No where on that sheet do I see an amount that transfers. I find the Capital gains amount but not the amount going to Schedule 1 line 5.
Please clarify
Jim
It depends. The amount that is recorded on Schedule 1 line 5 is transferred from Line 26 of Schedule E if there is a profit or loss on your rental real estate. See if that transfer was properly recorded.
If you are preparing a 2021 return, updates may have not been made yet and this may be the reason why this transfer wasn't properly recorded in your forms.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
