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lemonfbaker
Returning Member

Where is nol for 2016 shown

show 29000 loss on rental real estate 2016. I realize 25000 is the limit for loss....will I have a carry over loss and where will that amount be shown?
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2 Replies

Where is nol for 2016 shown

I believe you mean passive loss carryover rather than a net operating loss.  If you have a rental with a passive loss of $29,000, but are only receiving a current year loss of $25,000 due to active participation, the $4,000 will be your passive loss carryover to 2017.  That amount appears on Form 8582, worksheet 5 column c.  Hope this helps.

lemonfbaker
Returning Member

Where is nol for 2016 shown

dont show an 8582 prepared   my line 41 on the 1040 is -18964

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