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abbie1
New Member

Is there a way to file FORM 8582 to carry forward Passive Activity Losses from the previous year? I can't see a way to add it with no rental income in the current year.

I'm trying to carry forward passive activity losses from 2024. It looks like I need to fill out FORM 8582, but the software isn't letting me do it (tells me to add current year rental income and refuses to proceed when I don't have any).
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2 Replies

Is there a way to file FORM 8582 to carry forward Passive Activity Losses from the previous year? I can't see a way to add it with no rental income in the current year.

TurboTax is severely deficient in this regard.  

 

You need to either (a) file a fake rental property with $0 of income, which will show up on the tax return, (b) not carry over the Form 8582, or (c) include a Form 8582 with your MAILED tax return (if the 8582 affects anything on the tax return, you would need to override those numbers).

abbie1
New Member

Is there a way to file FORM 8582 to carry forward Passive Activity Losses from the previous year? I can't see a way to add it with no rental income in the current year.

That’s very hopeful, thank you

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