Investors & landlords
If you believe that your Form 8582, Part I entries are correct, you don't need to enter anything in Part IV, if your Schedule E Worksheet, Carryovers to 2022 Smart Worksheet shows the correct amount also.
"Form 8582 is used to compute allowable losses from passive activities.
Activities with passive losses must be subject to basis and at-risk limitations before applying the passive activity loss limitations.
No entries are required on this form. Due to the complex nature of passive calculations, no overrides are allowed on this form. To make adjustments, go to an individual passive activity (for example, the Schedule K-1 Worksheet for Partnerships)."
