secondgo2
New Member

filling out 8592 form correctly for carryover

When I look at my 8582 form from last years taxes. In the work sheet it shows prior years unallowed losses from K-1 1065 of $8,695 from over multiples years.  The next section shows prior years unallowed losses from 4797 Part I which I tracked back to 2015 return. This is a raw land deal we took all the building off of it in 2016 so it hasn't been returned since. We have these carryovers until we sell the property one day.  So how would I enter it correct so it reflects my 2020 return.