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Investors & landlords
Have you confirmed that the passive losses were unallowed? If they were allowed, the loss shows up on Line 22 of Schedule E. If they were not allowed, your tax return would have Form 8582 that shows the losses.
Is there any personal use of that rental property? If so, they might not be Passive Losses, they may be Vacation Home Carryovers, which are different.
March 16, 2021
9:32 AM