Dear Forum members!
I have 2 single family homes that I have been renting out since 2014 (one is from 2014-has a profit, one just acquired in 2015-the one with the loss of $359, my AGI is <$100K) and on Schedule E, I have more in expense than in income in the house I just acquired. I do have a full-time job in the health care field (unrelated to rental business) and the rental homes are like a hobby. However, I do fully participate in anything revolving around renting the home out, meeting prospective tenants, calling out ppl for repairs, collecting rent, without using a management company.
Since I haven't had a loss so far, I am unsure how to proceed with filling out Schedule E, more precisely, line 22/25...do I need to be filling out Forms 6198/8582 or further onto Part II,III,IV?
Thanks for any and all help!

