Unallowed losses

[subsailor1964]

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.

[tagteam]

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

[Mike9241]

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.