Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium.

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Clifford Johnson has a limited partnership investment and a rental condominium.

Clifford actively manages the rental condominium. During 2019, his share of the loss from the limited partnership was $11,000, and his loss from the rental condo was $17,000.

Assuming Clifford’s modified adjusted gross income is $124,000 for 2019, and he has no prior year unallowed losses from either activity, complete Form 8582 on Page 4-58.

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