Sold two rentals but only one shows on form 8582

[user68564]

In 2019 I sold two rentals, both have the same treatment (such as actively participated) and similar financials. But only one shows up in form 8582 (worksheet 1, and no, nowhere else on form 8582). The total shows on schedule E, though. Any ideas why they aren't both on 8582? 

[Carl]

Assuming both were sold at a gain, it "sounds" like you didn't work through the "sale of assets/depreciation" section of the one that's missing from the 8582. Just a guess at this point, since I really don't have any other information to work with.

If on the 8582 you have numbers on both lines 3a and 3b, then you sold one at a loss and one at a gain. Need to know the facts, because if you did "in fact" sell one at a loss and the other at a gain, it's a bit tricky sometimes to get things entered correctly in the program. This is *extremely* important if one or more of the rental properties has more than one asset listed in the Sale of Assets/Depreciation section.

[user68564]

Both properties have two items listed in the depreciation/disposition schedule: the buildings, and loan fees (from refinancing, which I indicated I "sold" for 0 - although now I think it should be expensed as a misc expense instead). The missing property does have a loss for the sale fo the land portion. It also did not have revenue for 2019. The disposition of the two lands and two amortized loan fees are listed in 4792 part 1. Part 2 has the two buildings. 

8582 does not have any numbers in lines 3. Only lines 1 has numbers (active participation). Only one property is listed in Worksheet 1. 

Both properties are shown on schedule E. 

Interestingly, only the one property listed on 8582 has a form 4562. And what's odd is that it is empty, except for the line 43/44 amortization of the loan fees for the one property. Nothing else is listed above. 

[user68564]

I found another difference. In the "Activity Summary Worksheet" of the Schedule E worksheet, the property that gets listed on 8582 says: 

Passive status                 Active RE

The property that is not listed on 8582 says: 

Passive status              Disposition

But I don't know why they are different. Both properties are set as active (for my involvement) and both are flagged as sold (and both have the details on the sale, parceled between land and building, with apportioned costs). For some reason, TT is treating one different from the other.