Does negative allowed loss on 8582 make sense?
I have 3 properties, all with prior year unallowed losses. 1 has positive income for the current year and 2 have losses for current year. Therefore worksheet 6 of 8582 distributes the allowed loss according to the ratios calculated in worksheet 5. This results in 2 positive numbers and 1 negative number in Worksheet 6, column c, allowed losses. This strikes me as odd, although the numbers all add up correctly on schedule E, line 22 to "zero out" my income from the 1 property. Does this seem correct? (See attached schedule E and 8582)