I am an "active" not "material" participant in real estate investing with a rental property without any intermediate manager, and a Real Estate partnership that is, uhmm, accumulating losses.
Our MFJ income is typically above $150,000 and until 2024, my rental property, showed a taxable loss.
The 2023 Federal tax forms show an 8582 with a substantial loss from the Real Estate Partnership, as well as a loss from another venture showing up under Part VII (c) and Part VIII (d) Unallowed loss as a total of $21,019.
Where / Does this loss get carried forward to 2024?
Not on Schedule E p2 and No 8582 even though I tried to "force" its creation.
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Assuming from your username that you're a paid preparer and it's coincidentally your return that's problematic, what changed in 2024? Sch E rental had net income? AGI is down? Something got sold? Does Sch E p1 look the way you expect it to, and if not, what's different? Do you have any diagnostics? Did you mark any activities as "delete this year"?
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