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Level 3
December 7, 2019
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Question re Form 8582, page 3: I have prior unallowed losses on real estate sold this year - how do I 'allow' those losses in the current year???

  • December 7, 2019
  • 2 replies
  • 33 views

page 3, worksheet 6, line b - property sold this year and we need to use the prior unallowed losses  H E L P  

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Best answer by abctax55

Mark the rental (screen 18) as "delete next year".

ASSUMING that the sale was a "fully taxable transaction".  

2 replies

abctax55
abctax55Answer
Level 15
December 7, 2019

Mark the rental (screen 18) as "delete next year".

ASSUMING that the sale was a "fully taxable transaction".  

HumanKind... Be Both
prctaxmanAuthor
Level 3
December 7, 2019
this was exactly what I needed.....thanks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
sjrcpa
Level 15
December 7, 2019

And where you report the sale, mark the Complete disposition box (assuming that is correct as Anna mentioned)

The more I know the more I don’t know.
prctaxmanAuthor
Level 3
December 7, 2019
I don't understand - where /which screen is a complete disposition box......?