The form is used by noncorporate taxpayers for two purposes: to calculate any passive activity loss (PAL) for the present tax year and to disclose any prior-year unused PALs that are being applied.
Cookie consent notice
This site uses cookies to enhance site navigation and personalize your experience.
By using this site you agree to our use of cookies as described in our Privacy Notice.
You can modify your selections by visiting our Cookie and Advertising Notice.