State tax - Where can I find Section 179, Passive or At-Risk Loss Carryovers from 2022

[joseph_ld]

Hello,

I have real estate.  Finishing up my state tax.

The question: Do you have any section 179 expense deduction, passive losses, or at-risk losses that were not allowed last year?  

What for in 2022 do I find this?

TIA,

J

[Loretta P]

Hello,

You should be able to find that information on Form 8582 on your prior year return.  The accumulated carryover figures should be listed for your current year return on this form.  There will be one form 8582 for regular tax and one for alternative minimum tax (AMT) if you have any AMT.  On page 2 of the form 8582 you should find the passive loss information.

This article may be useful:

How do I report a business loss or carryover from my K-1? 

[joseph_ld]

Hello,

Thank you for your response.

I don't think the link you shared is helpful as this isn't for a business and is for a rental property.  I don't have K-1s for the rental.

To clarify and to help others, 179 deals with depreciation.

The Passive loss and or at-risk loss can be found on Sch E, correct?

[Loretta P]

@joseph_ld  Look on Line 13 on the Form 4562 on the Tax Year 2022 return.  Line 13 Carryover of disallowed deduction to 2023.