Support CenterSch E is not flowing to 1040 page 1 line 17 - Income $249K from K-1
2017 Instructions for Schedule E (Form 1040)
Page E-3
Exception for Certain Rental Real Estate Activities
If you meet all of the following conditions, your rental real estate losses are not limited by the passive activity loss rules, and you do not need to complete Form 8582. If you do not meet all of these conditions, see the Instructions for Form 8582 to find out if you must complete and attach Form 8582 to figure any losses allowed.
1. Rental real estate activities are your only passive activities.
2. You do not have any prior year un-allowed losses from any passive activities.
3. All of the following apply if you have an overall net loss from these activities:
a.You actively participated (defined below) in all rental real estate activities;
b. If you are married filing separately, you lived apart from your spouse all year;
c. Your total net loss from these activities is $25,000 or less ($12,500 or less if married filing separately);
d. You have no disallowed credits from the current or prior year from passive activities;
e. You have no interest in a rental real estate business as a limited partner or beneficiary of an estate or trust.
a. You actively participated (defined later) in all of the rental real estate activities;
b. If married filing separately, you lived apart from your spouse all year;
c. Your overall net loss from these activities is $25,000 or less ($12,500 or
less if married filing separately);
d. You have no current or prior year unallowed credits from passive activities;
e. Your modified adjusted gross income (defined later) is $100,000 or less
($50,000 or less if married filing separately); and
f. You do not hold any interest in a rental real estate activity as a limited
partner or as a beneficiary of an estate or a trust.
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