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Updated over 5 years ago, 08/01/2019
$52k loss on schedule E. But only reduce my WG-2 by $6k???
Schedule E shows $52k in losses for 6 properties. Due to mortgage interest, depreciation, repairs, supplies, maint fee, etc. But allof that only reduced my earn income by $6k. Sounds like I’m doing something wrong. Thoughts??? Any help would be appreciated. Thank you