michelle6
Level 1
12-07-2019
09:58 AM
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Client's 2014 passive loss carryforward did not carry over to the 2015 Form 8582. Can I treat it as a prior year adjustment on line 27 of Schedule E? Or, do I have to amend the tax returns from 2015 - 2017 to show the PAL being carried forward to all 3 tax years? He has enough passive income in 2018 to absorb most of the 2014 carryforward loss.
Thank you in advance for your help
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