Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Schedules K-1 and Rental Income Workout

Rental Loss

Case Study 2: Reporting Rental Loss (continued)

The scenario continues. Oliver offered his condo for rent all year, had a tenant for only six months, and incurred $2,000 in passive rental loss. His AGI was $36,200.

Will Oliver probably have to file Form 8582, Passive Activity Loss Limitations?