jasdlm Posted April 5, 2021 Report Share Posted April 5, 2021 New client with carry forward on 8582 from 20 years of time-share losses. Is there a good reason to continue to carry this forward? Basis calculation? I'm trying to wrap my head around carrying forward a nondeductible loss. Seems like a recipe for an error down the road. (It's been on Schedule E, because he occasionally rents the unit and the preparer would show the income with offsetting expenses on Schedule E.) Thanks much! Quote Link to comment Share on other sites More sharing options...
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