To answer this part:
finally, for the 8582 tell us the amounts showing up and the related line number. round to thousands. indicate loss with a minus sign.
Note that the actual values I entered into the tax return are a little different than the examples I used initially in my post because I was trying to simplify, but here are the figures on the 8582:
1a: 20,000
1c: -19,000
1d: 500
2a: 8,000
2b: -170,000
2c: -22,000
2d: -184,000
3: -183,000
Part III
10: 28,000
11: 28,000
Part IV
Property A - 20,000 net income, 0 net loss, 19,000 unallowed loss, 500 gain
Part V
Property B - 8,000 net income, 0 net loss, 22,000 unallowed loss, 0 gain, 13,000 loss (e)
K1 - 0 net income, 170,000 net loss, nothing entered for unallowed loss or gain, and 170,000 for loss (e)
Part VI
Ratio - 1.0
Part VII
Property B - 13,000 loss, .07... ratio, and 13,000 unallowed loss
K1 - 171,000 loss, .92... ratio, and 170,527 unallowed loss
Total - 184,181 loss, 1.0 ratio, 183,672 unallowed loss
Part VIII, allowed losses
Property B - loss 22,000, unallowed loss 13,000, allowed loss 8,000
K1 - loss 171,000, unallowed loss 170,527, and allowed loss 473
Total: loss 193,000, unallowed loss 183,000, allowed loss 9,000
Property C is the sold property and it does not appear on the 8582.
Thank you!! I hope this is organized enough.
