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February 14, 2023
Solved

Form 8582 Again

  • February 14, 2023
  • 1 reply
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I am supposed to have a form 8582 flowing through from 2020 and 2021 taxes. It is not there. I do have a new form 8582 this year for a newly acquired K1 percentage. I was hoping I could add the form and fill out the information myself from the prior year. Don't know how to get the form. If I click on Open Form and type in 8582 it brings up the new 8582. How do I get a blank form?   

    Best answer by ThomasM125

    You can only file one form 8582 with your tax return. Since your K-1 entry generated one, you will have to use that one to enter any carryover numbers from the previous year. Prior year loss carryovers are entered on line 1(c) and 2(c) in Part I of form 8582. Your loss carryovers from last year are listed in Part VII.

    1 reply

    February 14, 2023

    You can only file one form 8582 with your tax return. Since your K-1 entry generated one, you will have to use that one to enter any carryover numbers from the previous year. Prior year loss carryovers are entered on line 1(c) and 2(c) in Part I of form 8582. Your loss carryovers from last year are listed in Part VII.

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    Benny12Author
    February 15, 2023

    Well that makes sense. Thank you so much!