Cmora
Returning Member

How to reflect in K-1 and in Form 8582, losses from a rental that was transferred to LLC

A rental property was transferred to a 100% owned LLC 1/1/2024.  The rental had unallowed losses in prior years on Form 8582 line 1C. How do I reflect these in the K-1? In my personal form 8582, do I just add to the existing number prior to the transfer?  Thanks in advance