TaxGuyBill
Level 15
02-04-2021
02:19 PM
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@cera smile wrote:I am trying to generate an 8582 to limit the amount of Passive Activity Loss to 25,000
Are you saying it is currently allowing the ENTIRE loss, rather than just $25,000?
As a side note, a $54,000 loss for one year is extremely large, so you may want to verify that is correct and that something like depreciable improvements are not being deducted.