Question
Form 8582 Worksheet 1, column (c) Unallowed loss (prior years). What happens if I sold a property that year?
I was reviewing a previous year tax return and I am now double-checking if TurboTax calculated something incorrectly.
What goes in Form 8582 Worksheet 1, column (c) Unallowed loss (prior years), if I sold a property that year?
Is it the value from Form 8582, worksheet 5, column (c) Unallowed Loss from the previous year, or is it the Schedule E passive suspended loss from the previous year?
