Schedule E (Form 1040) Page 2

Summary: This is an example of Schedule E (Form 1040), page 2, as pertains to the text. The completed line items are:

  • 27. Are you reporting any loss not allowed in a prior year due to the at-risk or basis limitations, a prior year unallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses? If you answered yes, see page E-6 before completing this section.
  • Yes checkbox checked
  • Under Part II: Income or Loss From Partnerships and S Corporations:
    • 28. (a) Name(b) Enter P for partnership; S for S corporation(d) Employer identification number(e) Check if any amount is not at risk
    A. Partnership #2 (EDPA)P10-1672810not checked
    B. Partnership #3 (EDPA)P10-9876243not checked
    C. Partnership #1P10-5566650not checked
    D. Partnership #4P10-7435837not checked
    28. Passive Income and Loss (f) Passive loss allowed (attach Form 8582 if required)Passive Income and Loss (g) Passive income from Schedule K-1
    A. From P.T.P. negative 3,645
    B. negative 9,000
    C. negative 2,6004,000
    D. negative 148
  • 29a. Totals: (g) Passive income from Schedule K-1 field contains 4,000
  • 29b. Totals (f) Passive loss allowed (attach Form 8582 if required) field contains negative 15,393
  • 30. Add columns (g) and (j) of line 29a field contains 4,000
  • 31. Add columns (f), (h), and (i) of line 29b field contains negative 15,393
  • 32. Total partnership and S corporation income or (loss). Combine lines 30and 31. Enter the result here and include in the total on line 41 below field contains negative 11,393
  • Under Part V: Summary:
  • 41. Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Form 1040, line 17 field contains negative 21,094

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