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Level 1

Question

Unallowed losses

Forum|Forum|2 years ago
September 5, 2023
2 replies
11 views

On Form 8582 Part IV (c) Unallowed loss, how do I change the incorrect value? Override doesn't let me change the value. Thank you for responding.

Level 15

There may be a worksheet, but this begs the question as to why you need to perform an override in this section.

Level 15

if you are correct that the 8582 is incorrect those suspended losses come from the various form and schedules where the loss originated. for example, from a partnership the PAL would be on the K-1 and you should be asked about this as you go through the interview process or it might be Schedule E if the PAL arise from a rental activity. again you should be asked about it as you go through the interview process.

Mike9241