form 8582

Forum|Forum|4 years ago
February 9, 2022
2 replies
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I am using Turbotax H&B windows. I need to generate a 2021 form 8582 to reflect a schedule F recapture gain, schedule F profit and PAL loss carry forward from prior years before using Turbotax. I have entered the passive loss carryforward step by step successfully but no Form 8582 is generated. How do I generate Form 8582 so I can efile my return?

Best answer by PatriciaV

Since you are using TurboTax CD/Download, you can add Form 8582 to report passive activity loss carryforward and use it against current or future passive income.

Open your TurboTax return.
Click Forms in the header.
Click Open Form above the Forms in My Return section.
Type 8582 in the Type a form name box, press enter, choose which page of Form 8582 you need, then click Open Form
Manually add the information on the appropriate lines using your prior year information.

This option is not available in TurboTax Online.

Cynthiad66

@taxneophite

There was an issue with the Form 8582, however, it seems to have been fixed today. I suggest you clear your history, cache and cookies then reboot your system and see if the fix has been updated in the software.

Here is how:

Cookies are small files that temporarily store data on your computer. We use them to personalize your experience so you see information you already entered and not items that are irrelevant or repetitive.

On rare occasions, they may make your browser think you already did something that you still need to do. To fix that, you'll need to delete (clear) the cookies from your browser.

Each browser has a slightly different method for deleting cookies. Choose the browser you're using:

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taxneophiteAuthor

Employee

Clearing the cookies and rebooting did not help. I have entered a Schedule F $28,502 passive loss carry forward which shows as a "PAL" and a correct reduction of line 34 by that amount in Schedule F. Unfortunately, no Form 8582 is generated as required by the IRS. Under these circumstances how do I generate a 2021 Form 8582 if I know the correct Part V inputs and descriptions? I believe the problem is that in my 2020 1040 (TT H&B windows) I inadvertently failed to include a 2020 Form 8582 (showing an unused passive loss carryover from prior years). Thank you in advance for you assistance.

PatriciaVAnswer

Employee

Since you are using TurboTax CD/Download, you can add Form 8582 to report passive activity loss carryforward and use it against current or future passive income.

Open your TurboTax return.
Click Forms in the header.
Click Open Form above the Forms in My Return section.
Type 8582 in the Type a form name box, press enter, choose which page of Form 8582 you need, then click Open Form
Manually add the information on the appropriate lines using your prior year information.

This option is not available in TurboTax Online.

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

gerrychampagne

Using windows laptop. Working on 2022 taxes. I can open form 8582, but cannot enter data. Any help you can provide??

Critter-3

Many times direct form entries are no allowed as the information arrives by the way of a worksheet ... right click on the data entry box you want to use to "data source" where the info will come from. Although direct data entry can be done in the FORMS mode if you do any overrides it can void the accuracy guarantee and can keep you from efiling so all entries should be done thru the interview mode (step by step) if at all possible.

BlueUntoOthers

I cleared my browser history and cookies, but am still unable to manually enter prior year's unallowed loss data in form 8582. I can right-click on a cell, but the option to "override" or go to "Source Data" is grayed out and not available. Any suggestions on how I can manually enter the data in 8582 (or go to an interview where the data can be entered)?