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SUSPENDED LOSS OF DISPOSED PROPERTY

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Level 1

My property has prior year unallowed losses for rental real estate which I have input as described.  However, after disposition, form 8582 still shows a suspended loss.

It should be zero as a carryforward suspended loss and taken in current year.

How do I correct?

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Level 12

On the Schedule E worksheet, check box "H" to indicate that it was sold in a fully taxable transaction.  That will release the passive losses.

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1 Reply 1
Highlighted
Level 12

On the Schedule E worksheet, check box "H" to indicate that it was sold in a fully taxable transaction.  That will release the passive losses.

View solution in original post

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