grandmabee Posted October 14, 2009 Report Share Posted October 14, 2009 I have a casualty loss on rental house (moble home). total loss. filled out 4684 pg 2. Loss is about 37,000 gain on rental otherwise is about 3,000 so I believe the loss is limited to 25,000 on the 8582. my loss should be 28,000. but I can't get it flow on the 8582. I don't know what I am doing wrong or do I just make the adjustment on the 4684. instruction say put a worksheet in showing how I came up with the deductble loss. any help would be appricated. I don't think I am going to make the deadline on returns Quote Link to comment Share on other sites More sharing options...
TAXBILLY Posted October 14, 2009 Report Share Posted October 14, 2009 The loss is not limited in the year of disposition. taxbilly Quote Link to comment Share on other sites More sharing options...
grandmabee Posted October 14, 2009 Author Report Share Posted October 14, 2009 The loss is not limited in the year of disposition. taxbilly thanks, sometimes we just over think. That's why I hate doing taxes in the last few days. I always say I am going to adopt a policy where only pickups in the last 4 days of the season April and October.... but never happens. I get suckered into doing them last minute Quote Link to comment Share on other sites More sharing options...
TAXBILLY Posted October 14, 2009 Report Share Posted October 14, 2009 I know it's hard but we all need to control our clients rather than to let them control us. taxbilly Quote Link to comment Share on other sites More sharing options...
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