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PrintForm 8582, Passive Activity Loss Limitations
The passive activity loss rules generally prevent taxpayers with adjusted gross income (AGI) above $100,000 from deducting some or all losses from real estate rentals, other than the rental of your home that was also used for personal purposes. There is an exception to these rules for real estate professionals.
If your losses are limited under any of these rules, you must complete Form 8582. The allowed loss, if any, shown on the bottom of Form 8582 is transferred to Line 23 of Schedule E.
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Form 8582, Passive Activity Loss Limitations
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