JamesG1
Expert Alumni

Investors & landlords

If the loss is not being reported on iRS form 8582 Part VIII, on what section of IRS form 8582 (page 2) are they being reported?

 

As an example, a passive loss may be allowed on Schedule E line 28(g) and be reported on IRS form 8582 Part V because some other source of partnership income has been reported which 'covers' the loss reported on box 1 of the K-1.

 

Is this the source of the 'other income on Schedule 1' that you referred to?  Is this the 'other income' reported on Schedule 1 line 8z?  Schedule 1 line 4?  Or somewhere else?

 

@baydelawn 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"