I am having a problem with form 8582, allowing me to show a loss. I have a multi family house, which I rent 1/2.
I was married last year and understand that you can not show a loss if married and filing separately, I have filed married and filing jointly, but am still not allow to show a loss. Form 8582 shows all the correct information, but it fills out part II as if married filing separately. ie line 5 is $150,000. Software error or a, I missing something
Thanks in advance.
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Form 8582 is 150,000 for filers filing Married Filing Jointly.
Married Filling Separately may be restricted to 75,000.
If you read the line it says, “Enter $150,000. If married filing separately, see instructions”
Line 5. Married persons filing separate returns who lived apart from their spouses at all times during the year must
enter $75,000 on line 5 instead of $150,000.
Form 8582 is 150,000 for filers filing Married Filing Jointly.
Married Filling Separately may be restricted to 75,000.
If you read the line it says, “Enter $150,000. If married filing separately, see instructions”
Line 5. Married persons filing separate returns who lived apart from their spouses at all times during the year must
enter $75,000 on line 5 instead of $150,000.
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