Re: Form 8582 for passive activity losses was not generated and filed last year, only schedule E....

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?

posted

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.

Link to more information about Real Estate Tax and Rental Property

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