Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community

1 reply

M
MayaD
February 1, 2022

Noncorporate taxpayers use Form 8582 to:

  • Figure the amount of any passive activity loss (PAL) for the current tax year.
  • Report the application of prior year unallowed PALs.

you may have had something (rental losses or losses reported on a K-1) on your tax return from a previous year that is triggering form 8582  this year. It is better to wait until the form is available to make sure you are filing an accurate return.

Topic No. 425 Passive Activities – Losses and Credits

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification