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Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2015, his share of the loss from

Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2015, his share of the loss from the limited partnership was $12,000, and his loss from the rental condo was $18,000. Assuming Cliffords modified adjusted gross income is $116,000 for 2015, and he has no prior year un allowed losses from either activity, complete Form 8582 on Page 4-39.

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