What is the form used for? :
Personal service corporations and closely held corporations use this form to:
- Figure the amount of passive activity loss (PAL) or credit for the current tax year and the number of losses and credits from passive activities allowed on the corporation's tax return.
- Make the election to increase the basis of credit property when the corporation disposes of its interest in an activity for which it has unused credit.
Is the form Supported in our program? Yes
How to access the form: To access the form, you will need to open a Corp return on the desktop and then go to Add Form/Display and type 8810.
Limits to the form: 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-8810
