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

[turtax_live]

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.

[PatriciaV]

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).

[turtax_live]

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.