Form 8582-CR: Passive Activity Credit Limitations
Form 8582-CR is used by non-corporate taxpayers, including individuals, to figure the amount of any passive activity credit (including any prior year un-allowed credits), and the amount of credit allowed for the current year. It also is used to make the election to increase the basis of credit property when a taxpayer disposes of his or her interest in an activity.
Entering Form 8582-CR in TurboTax
If you've already gone through the interview and want to jump directly to the entry screen for this topic, follow these directions.
- In the TurboTax Home & Business edition search box, enter 8582cr and press Enter.
In the pop-up screen, click Jump to 8582cr.
- On the Passive Activity Credits screen, click Yes.
- On the Passive Activity Credit Information screen, enter your passive activity, the forms involved, and the credit amount.
- Click Continue to enter additional information and finish.