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New Member
posted Jun 3, 2019 10:57:53 AM

Why didn't turbotax generate form 8582 for tax year 2017?

I had a huge loss when selling my rental property ($93k).  Most of that was from years of renting it out and losing money.

TT2017 didn't generate form 8582 even though the 8582 instructions make it seem like it should have (our modified AGI was above 100K and we had prior year losses. We used TT in 2016 so it should have had the prior losses info.)

Do I need to artificially generate this form and file an amended return for 2017?  Just discovering this now because the state has asked for documents for year 2017.

Thanks!

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1 Replies
Intuit Alumni
Jun 3, 2019 10:57:55 AM

If you had only one passive activity, in the year it is sold you have no passive deductions so Form 8582 is not required in that case (there's nothing for it to do - it would pretty much be blank).