I'm concerned I've found a bug in TT 2019, Form 8582...Part I, Line 3b
Line 3b are current year activities with net loss
Line 3c is prior years unallowed losses
I believe Line 3b is also picking up the prior year's unallowed losses, making those double counted in the total.
Here's why:
Line 3b is filled from Sch K-1 At-Risk Limitation Allocation Worksheet Section A Line 1, the column "Allowed Income or Loss". That figure is the sum of the 2 columns to its left - one of which is "Carryover Prior Year Loss"
So in summary, the prior year loss is being double counted on Form 8582. It's part of both Line 3c on that form and the summation from the K-1 that appears in Form 8582/ Line 3b
Can someone help me check this out?
