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Level 2
posted Mar 18, 2025 3:50:29 PM

How to Fill Out Form 8582-CR - Passive Activity Credit Limitations for K-1

I have shares in CVR Partners LP, an MLP. When I'm filling out the TurboTax interview, it asks: "Let's figure out how much credit we can include. To figure out the maximum amount or credit you're allowed to include, Fill out Form 8582-CR Passive Activity Credit Limitations for each credit." Do you know how to fill out the form? Reading 8582-CR instructions, it looks like it relates to housing and renting real estate, which CVR doesn't do. I see a small credit in Part III, 15 'Credits' labeled 'AW' and the 2024 State Schedule has a few smaller credits in states where I don't live. Thanks in advance for your help.

0 2 3005
2 Replies
Expert Alumni
Mar 20, 2025 12:36:59 PM

Because this is a Schedule K-1 from an MLP, if the credits are insignificant or don't apply to you, skip entering those K-1 amounts.

 

If you decide to test this, see About Form 8582-CR, Passive Activity Credit Limitations (includes instructions for completing the form).

Level 2
Mar 21, 2025 4:36:27 PM

I previously saw the directions in your link, but they were not clear and I was hoping for clearer instructions.  Your suggestion to skip this section is probably for the best, so thank you.