1040-US: Special allowance on Form 8582 is not present

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Question

Why isn't UltraTax CS using the Special Allowance for Rental Real Estate rules and allowing losses on rental real estate?

Answer

Check the filing status of your return. Married persons who file separate returns and lived together at any time during the year are NOT eligible for the special allowance. If the taxpayers lived apart for the entire year, you may indicate this in Screen 1040, and UltraTax CS follows the special $25,000 loss rules in determining deductible passive losses.

Related topic: Passive loss information FAQs (1040)

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