8582-CR - Passive Activity Credit Limitations

What is the form used for? :

• Noncorporate taxpayers use Form 8582-CR to: Figure the amount of any passive activity credit (PAC) for the current tax year (including any prior year unallowed credits) and the amount of credit allowed for the current year. 
• Make the election increase the basis of credit property when a taxpayer disposes of his or her interest in an activity.

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 8582CR.

Limits to the form: The business variant of this form can only be accessed from the desktop software. This form cannot be copied. This is only available in the 1040 and 1041 packages.

IRS Publication: https://www.irs.gov/forms-pubs/about-form-8582

Solution Articles:

8582 - Passive Activity Loss Limitations