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Business & farm
Yes, enter the amount as a negative number in the space for Box 2. Letter (a) for Box 2 is for Ordinary Income from Recoveries, but as a suspended passive loss. The loss retains its character as passive income to be applied to "ordinary" rental income in the future. There is no other place to report this passive loss carryover.
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‎June 3, 2019
10:51 AM