DaveF1006
Expert Alumni

Get your taxes done using TurboTax

 

Try this method in your Turbo Tax Online account and this should generate your 8582. I did for me in my sample program.

  1. Go to federal>income and expenses
  2. S-corps, Partnerships, and Trusts>Schedule K-1

  3. Select edit net to the K1 you wish to edit.

  4. After you have entered all your information about your K1 and scroll through the enering information that is in your boxes, there should be a screen that says Describe the Partnership.  Here you will check that: 

  • All of my investment in this activity is at risk and
  • I have at-risk losses carrying over from 2020.
  • The very next screen is titled, Enter Your At-Risk Loss Carryovers on the Form Below. In the middle of A line 1, put in your losses from a previous year. You may need to enter this twice because the program may not have recorded it the first time it was entered. Make sure the amount is entered and stays in that box.
  • Next you may go to tax tools>tools>delete a form>and verify form 8582 is there. It was for me and should be for you.

See if this helps and let us know if this is successful.

 

@aklajman

 

 

 

 

 

 

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