What is the form used for? :
- Form 8582 is used by noncorporate taxpayers to figure the amount of any passive activity loss (PAL) for the current tax year and to report the application of prior year unallowed PALs.
Is the form Supported in our program? Yes
How to access the form: To access the form, you will need to open a 1040/Business return on the online/desktop and then go to Add Form/Display and type 8582.
Limits to the form: The business variant of this form can only be accessed from the desktop software. This form cannot be copied.
Solution Articles:
8582-CR - Passive Activity Credit Limitations
Sch E (1040) Page 1 - Supplemental Income and Loss Page 1
Sch E (1040) Page 2 - Supplemental Income and Loss Page 2
IRS Publication: https://www.irs.gov/forms-pubs/about-form-8582
