Investors & landlords
Anytime your sch E has a number on line 22, look for form 8582. If you had zero income each year because losses exceed income, then it seems like you should have a stack of losses to add up.
Form 8582 part I is for the current year. If you have all your years, you can look there.
If you don't have them all, start digging. You could have several items, for example:
Look at form 8582, page 2, part VII. You see a line item there. The first column shows name of activity and the second column shows form or schedule.
If you have first column, second column, last column:
- Rental, schedule E, unallowed loss - put that number in your Sch E regular tax carryover box
- Rental, Form 6251 (the AMT form), unallowed loss - that would be the AMT number to use.
- Rental, Form 8995, unallowed loss - that is the number for QBI carryover
Once you find all the items that should be carried over, they need to be added into the program. Rentals can be treated different ways, you may want to reference the instructions for the form to match up with what you have.
Reference: About Form 8582, Passive Activity Loss Limitations.
