Solved: Re: form 8582

taxneophite · Feb 9, 2022 10:31:56 AM

<P>I am using Turbotax H&B windows. I need to generate a 2021 form 8582 to reflect a schedule F recapture gain, schedule F profit and PAL loss carry forward from prior years before using Turbotax. I have entered the passive loss carryforward step by step successfully but no Form 8582 is generated. How do I generate Form 8582 so I can efile my return?</P>

form 8582

I'm in TT desktop 2023. I open a blank form 8582. I want to enter prior year carryover It doesn't allow me to manually enter any data.

passive loss carryovers are not entered on the 8582. this form is generated from info about passive activities enter on the worksheet that reports the activity such as a k-1 or schedule E rental.

if you did not use Turbotax in 2022 as you go through the worksheet entries in step mode there will be questions about prior pal C/Os

if you're using forms mode you will see that on the forms worksheet there is a place to enter the PAL c/o