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posted Feb 7, 2020 9:14:49 PM

Form 8582 for passive activity losses was not generated and filed last year, only schedule E. How can I know if the loss on schedule E was deducted already?

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1 Replies
Expert Alumni
Feb 8, 2020 10:10:29 AM

By looking at Schedule 1 of your last year's tax return on line 5.  If the amount there is the same amount that is on your Schedule E then all of the loss was deducted.

 

Since you do not have a Form 8582 the loss was probably all deducted.

 

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