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 to 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 then in the look for box 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.

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