JohnB5677
Expert Alumni

Get your taxes done using TurboTax

Form 8582 is to figure the amount of any passive activity loss for the current tax year.

 

  • Passive losses can come from a variety of activities, including 
  • equipment leasing, rental real estate, limited partnerships, S corporations, limited liability companies, and sole proprietorships in which the taxpayer has no material participation.

The form is required to report losses that could not be used in the current year

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