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Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2016, his share of the loss from
Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2016, 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 $118,000 for 2016, and he has no prior year unallowed losses from either activity, complete Form 8582.
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