Hi @AbrahamT Thanks for your quick response. No I am not referring to the Box 2 where I have correctly entered the current year rental loss. I actually was referring to your picture where it shows Box 1 ordinary Income and Box 2a - Ordinary income (Report Carryover - Regular Tax picture) and I had entered the amounts in box 2a instead of Box 1 as I had passive rental loss from 2 properties that I was carrying forward from the prior year. I just added the 2 losses and divided it by 2 (for my wife and for me - so lets say 17000 for the first property plus 3000 for the second home resulting in 20,000 total divided by 2 resulting is 10,000 like you showed for each K1) Just that I entered it in Box 2a - Ordinary income on the Report Carryovers - Regular Tax page.
Based on your response I checked the form 8582 and although I entered it in Box 2a the results were in line with what I wanted and in line with your picture shown for form 8582. I guess it does not matter whether you enter this in Box 1 - Ordinary Income or Box 2a Ordinary income as it flows correctly into Form 8582 Part 1 1c). Is my understanding correct? Still if possible I would like to understand what the difference is between these 2 income boxes - Box 1 - ordinary Income and Box 2a - Ordinary Income.
