rckcpa
Level 2

Have completed 4684 worksheet showing casualty loss related to passive activity. The passive activity is residential real estate reported on Schedule E. The loss amount shows on Line 38a of Form 4684 Part II, with PAL printed beside the amount. But amount does not show on Form 8582, but rather the full amount shows on Line 4 of Schedule 1. Isn't the loss subject to PAL rules? If so, how enter properly in ProSeries? Thx.

0 Cheers