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Get your taxes done using TurboTax
Hello Mydearman.
If you are using TurboTax online, during your k1 questions, TurboTax will ask you about passive activity losses. Continue through the interview until you see the page titled "Report Carryovers - Regular Tax". This is where you report the passive loss carryover by income category. Subsequent screens allow you to enter other carryovers, and AMT carryovers.
If you are using TurboTax Desktop, you can click on "Open Form" under forms mode and enter 8582. This will generate the form and you can enter the info. there.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
‎September 25, 2024
9:31 AM
777 Views