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Jorge actively manages both properties. Jorge also owns a limited partner investment in Bunker Dry Cleaners LP $($EIN $13-3434347).$ Bunker allocated a $$15,000$ loss to Jorge in $2023.$ Jorge has adequate basis and at$-$risk amount to cover each loss. Jorge has no passive loss carryover from the prior year and modified adjusted gross income before considering the losses of $$138,000.$

Complete Part I of Schedule E through Line $21$ for both rental properties.

Complete Part IV of Form $8582$ to report the results of both rental properties $($enter losses as positive amounts$).$

Complete Part V of Form $8582$ to report the results of Bunker $($enter losses as positive amounts$).$

Complete Part I of Form $8582$ based on the results reported in Parts IV and V completed previously.

Complete Part II and III of Form $8582.$

Complete Part VI of Form $8582$ to calculate the disallowed loss from the condo as follows $($enter all amounts as positive$)$:

Name of activity: Condo

Column $($a$)$: $9,000$

Column $($b$)$: $1\mathrm{.}00$

Column $($c$)$: $6,000$

Complete Part VII of Form $8582$ to allocate the unallowed losses of the condo and Bunker.

Complete Part VIII of Form $8582$ to compute the allowed losses of the condo and Bunker.

Complete the rest of Schedule E$,$ using the information from Form $8582$ completed previously.

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