Question

Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2018, his share of the loss from the limited partnership was $11,000, and his loss from the rental condo was $17,000. Assume Clifford's modified adjusted gross income is $122,000 for 2018, he has no prior year unallowed losses from either activity, and he and his wife will file a joint return.

Complete Form 8582.

Answer 1

Hello attached below is the Handwritten form ( completed )

Step-by-step explanation:

loss from limited partnership = $11,000

loss from rental condo = $17000

Clifford's modified adjusted gross income = $122,000

attached below is the filled form