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Passive Activity Loss Limitations
I have returned to TurboTax. I was having a CPA prepare my taxes, but the cost got out of hand and my financial situation is not that complex. I have a page from 2018's taxes titled "Tax Return Carryovers to 2019". The description is "Passive activity loss" with the Disallowing Form 8582 and Originating Form SCH E P2. I found the amount on form 8582 on field 3c. I also see it at the bottom of worksheet 5 - Allocation of Unallowed Losses and also on the Unallowed Loss column of Worksheet 7. Can I do anything with it for 2019 taxes, and if so, where do I enter it?
‎April 6, 2020
7:13 PM