I want to file with Turbo Tax basic plan but it is telling me I have to Upgrade because i have a Form 8582 for passive activity loss limitations. What does this mean??

Lorieann8102 · ‎March 30, 2025

I don't want to upgrade to deluxe plan

JohnB5677 · ‎April 3, 2025

Form 8582 is to figure the amount of any passive activity loss for the current tax year.

Passive losses can come from a variety of activities, including
equipment leasing, rental real estate, limited partnerships, S corporations, limited liability companies, and sole proprietorships in which the taxpayer has no material participation.

The form is required to report losses that could not be used in the current year

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