Is it possible to have a loss on a schedule E?

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Is it possible to have a loss on a schedule E?

2007-07-02 15:54:03 · 4 answers · asked by angel_rat_83 1 in Business & Finance ➔ Taxes ➔ United States

4 answers

As a matter a fact it is rather common.

2007-07-02 15:58:32 · answer #1 · answered by ? 6 · 0⤊ 0⤋

Not only is it possible, but it's very likely. I'd venture to say that more Schedules E show a loss than a gain. The 16 years that I filed them they always did! (That did hurt when I sold, though. Damn that depreciation recapture!)

2007-07-03 00:13:09 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋

Yes.

Due to depreciation, most rentals operate at a tax loss.

2007-07-02 22:58:45 · answer #3 · answered by Wayne Z 7 · 0⤊ 0⤋

Yes.

2007-07-02 22:56:09 · answer #4 · answered by Anonymous · 0⤊ 0⤋