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Business & farm
It depends. It could be based on the various items that may show in your K1. If you have more than just income from rental real estate or other passive activity (based on ownership percentage) then Form 8582 may be a necessary part of your tax return.
Please update if you have more questions and include the specific K1, as well as any line number with an entry.
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‎February 13, 2023
7:10 AM