First, ensure the IRS rules do not require Form 3800 to be included in this client's return. Complete the 8582CR wkt worksheet (Passive Activity Credit Worksheet) if it is not required.
On the 8582CR wkt worksheet, complete the Description, Type, and Form entries, as well as at least one of the amount entries. This carries over to Form 8582CR (Passive Activity Credit Limitations), which shows the amount allowed. The data is then carried back to Form 8586 and Form 1040 without involving Form 3800.
This information applies to all years of the UltimateTax software.
Solution Article:
8586 - Low-Income Housing Credit
