Investors & landlords
On Sch E
Line 21, 6198 loss
line 22, 8582 loss
Line 21 and line 22 can be different if taxpayer AGI is less than 150K
line 26, total income or loss, if no other passive income to offset passive loss, this line would be entered"0"
On 8582 form, page 1, part IV line (e) is the data that needs to be carried over to the next year.
Please let me know if I am wrong.
