cpr1955 Posted July 24, 2020 Report Posted July 24, 2020 I inherited a client. He leases pasture land. He has a passive loss carryforward of about $85,000. The prior CPA classified it as "Other Passive Activities" for Form 8582 purposes. I want to be consistent in the treatment of the activity. ATX shows the carryforward in the Rental Real Estate section and I can't figure out how to tell ATX to show it in Other Passive Activities. Any help? Quote
Abby Normal Posted July 24, 2020 Report Posted July 24, 2020 Just go with the way ATX does it. The IRS doesn't compare years and bottom line is the same anyway. Besides, I think the prior CPA was wrong. Quote
cpr1955 Posted July 24, 2020 Author Report Posted July 24, 2020 I agree that the prior CPA was wrong. Some preparers just go too far in towing the line. Quote
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