imjulier Posted March 23, 2009 Report Posted March 23, 2009 Hey- I'm just checking about using ATX for rental real estate. I check only line 3 at the top of the sch E p. 1 input screen for active participation. What is line 6 for non-passive rental activity for? Should I be checking this box as well? I'm just double checking since as most of you probably know, this yields different results in passing through the loss from rental real estate. For taxpayers with income over $150,000, losses from rental real estate don't pass through to the 1040 from the 8582. But if you check line 6, they do pass through to the 1040. I believe I am treating it correctly by not selecting line 6 and not passing through the loss to the 1040 but want to make sure I'm not missing something. Thanks for the feedback. Probably just a little brain damage by now. Julie Quote
michaelmars Posted March 23, 2009 Report Posted March 23, 2009 NON PASSIVE RENTAL WOULD BE FOR NON-REAL ESTATE RENTALS, USUALLY. Quote
David1980 Posted March 23, 2009 Report Posted March 23, 2009 Sounds like real estate professional. See the definitions in 8582 instructions (they don't likely qualify.) Quote
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