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Why Form 8582 when there's no loss?
I have a small percentage in a business and received a K1 from them. There was a small amount of income. When I added the K1 to my 1040, TT generated a form 8582 Passive Activity Loss Limitations for the amount of the income. I didn't have a loss. Why the 8582?
‎February 12, 2023
4:22 PM