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New Member
posted Aug 20, 2022 12:56:36 PM

How can I download the passive activity loss carry-over statement?

I have scheduled K-1 losses that are not deductible, but the return copy does not provide a passive loss carryover statement - how can I download it?    Note: it is PPT pal from K-1 and does not flow to 8582. 

0 5 663
5 Replies
Level 15
Aug 20, 2022 1:29:55 PM

The suspended passive loss should appear on Form 8582.

New Member
Aug 20, 2022 2:08:43 PM

I am referring to passive loss from schedules k-1 from PPT partnerships. That loss does Not flow to 8285 … your answer is relevant to rental income not k-1 income 

Level 15
Aug 20, 2022 2:18:05 PM

Also is applicable to passive trade or business activities.

 

See https://www.irs.gov/instructions/i8582#en_US_2021_publink1000278200

New Member
Aug 23, 2022 4:16:05 PM

It does not apply to PPTs - publicly traded partnerships. My question is still open .. 

Level 15
Aug 23, 2022 4:37:47 PM

Ok, right.

 

If it is a PTP, then you should have a Publicly Traded Partnership Worksheet in your tax package.