RobertB4444
Expert Alumni

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Part V does carry to Part VII but column C is for unallowed losses and includes the losses that can't be taken for this year.  Those losses will be carried forward until the property is disposed of.

 

In order for the calculation that carries to lines 10 and 11 to have any relevance you need to have multiple passive activities that you are dealing with.  Your prior unallowed losses can be used to offset gains from other activities in future years.

 

Otherwise, yes, your schedule E will show your total loss as well as the unallowed portion from the 8582 and the loss that you are allowed to take (if any) will be the bottom line on that form.

 

@collinsb032 

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