If the activity truly falls under the MTM election, then it's possible that a net operating loss (NOL) is created that will be carried forward to future years. You will see the details of the NOL on the Federal Carryover Worksheet and NOL Worksheet.
If it's a passive activity, then, as it was mentioned above, the unallowed losses will be reported on Form 8582.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
