Carry forward suspended losses

[Tyler Sherman]

Hello! I'm working with an accountant and I'm a little annoyed because I'd like to understand how the carry-forward suspended losses is calculated and I'm not getting a clear answer. I thought it would be as simple as adding up all of my losses  from Schedule 1 - Additional income and adjustments to income line 5 over the past few years. 

I'm a little skeptical of the amount the accountant told me it was given my expenditures and rental income over the years. Appreciate some insight here. Thanks!

[Michael Plaks]

@Tyler Sherman

It's your accountant's job to explain it, not ours, so allow us to be "a little annoyed" too. ;)

All your losses are on Schedule E. Some of them are allowed and flow on Schedule 1. The rest of them are suspended and listed as such on Form 8582. That's the crux of it.

But if you have multiple properties and losses from the prior year, the distribution of what is allowed and what is suspended between multiple properties is not intuitive.