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.”
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Under
“Part II: Income or Loss From Partnerships and S Corporations”:
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“29a. Totals: (g) Passive income from Schedule K-1” field contains 4,000
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“29b. Totals (f) Passive loss allowed (attach Form 8582 if required)” field contains negative 15,393
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“30. Add columns (g) and (j) of line 29a” field contains 4,000
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“31. Add columns (f), (h), and (i) of line 29b” field contains negative 15,393
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“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
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Under
“Part V: Summary”:
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“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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