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Level 1
December 7, 2019
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8582Passive Activity I can see that the passive activities have been suspended and are being carried forward do not see that on the summary. I Want to show in CY how?

  • December 7, 2019
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8582: Passive Activity Loss Limitations worksheet. I can see that the passive activities have been suspended and are being carried forward so you will not see that on the summary. They are not affecting this current return and the summary will not show that. How can i have the return show the k1 and schedule E loss in the current year? Help is really appreciated!

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Best answer by sjrcpa

If they are correctly limited and carried forward by the passive loss rules you can not show a Schedule E loss this year.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

If they are correctly limited and carried forward by the passive loss rules you can not show a Schedule E loss this year.

The more I know the more I don’t know.