Landymore
Returning Member

Investors & landlords

Yes, I am using TurboTax.

I am concerned with the taxes that will happen next year. 

How will this sale be accounted for on the 1040?

 

Buy is 160, passive losses is 70, the sales price is 25.

Form 8949 "Sales & Other Dispositions of Capital Assets"

Form 8582 "Passive Activity Loss Limitation"

 

What is the answer for Form 8949 and Form 8582?