Form 8582 Again

Forum|Forum|3 years ago
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.

ThomasM125Answer

Level 15

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Benny12Author

Level 4

So I went in to add carryover numbers to the existing 8582. Unable to do any editing. Everything is grayed out except for last choice which goes to on demand tax guidance. Any thoughts?

ThomasM125

Level 15

You will need to set up the prior year rental property and enter the carried over loss in the question and answer section. You will see an option to enter the prior-year loss carryover on the screen that says Do any of these situations apply to this property?: