Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

8582 Entry for "Prior years' unallowed losses "

Dean_NomadBooks
Level 2

I had a 2022 new customer with Prior years' unallowed losses. I couldn't find any direct entry for the 8582 Par I, line c "Prior years' unallowed losses." My workaround was to create a 2021 prior year return with rental loss to match the 8582. I created 2022 based on 2021 where the "Prior years' unallowed losses" calculation was correct. 

 

What would be your take on this? 

0 Cheers
1 Best Answer

Accepted Solutions
PhoebeRoberts
Level 11
Level 11

I routinely recreate the prior year return for new clients in order to get the carry forward correct. Nothing like trying to clean up the AMT version three years down the line because it got missed on the original setup and the client wasn't initially in AMT!

View solution in original post

1 Comment 1
PhoebeRoberts
Level 11
Level 11

I routinely recreate the prior year return for new clients in order to get the carry forward correct. Nothing like trying to clean up the AMT version three years down the line because it got missed on the original setup and the client wasn't initially in AMT!