I am getting a Form 8582 to capture my passive losses this year, if I am unable to sell the rental until the following year will the passive losses accumulate year over year? i8582
From the website you linked, it says after Entire Disposition I should just report the losses on Schedule E correct?
"If you have an overall loss when you combine the income and losses, don’t use Form 8582 for the activity. All losses (including prior year unallowed losses) are allowed in full. Report the income and losses on the forms and schedules normally used." i8582
So when I sell I just need to re add in the rental income for both years and losses for both years? I don't need reference or attach Form 8582?
Thank you!
