Tax Preparation Help  
Publication 925 2008 Tax Year

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) P 10-1672810 not checked
B. Partnership #3 (EDPA) P 10-9876243 not checked
C. Partnership #1 P 10-5566650 not checked
D. Partnership #4 P 10-7435837 not checked
Passive Income and Loss Nonpassive Income and Loss
(f) Passive loss allowed (attach Form 8582 if required) (g) Passive income from Schedule K-1 (h)Nonpassive loss from Schedule K-1
A. From P.T.P. (3,645)    
B.   (9,000)
C. (2,600) 4,000  
D. (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 6,393
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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