TurboTax FAQ
TurboTax FAQ
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What is Form 8582-CR?

Form 8582-CR, Passive Activity Credit Limitations, is used by non-corporate taxpayers 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's also used to make the election to increase the basis of credit property when a taxpayer disposes of his or her interest in an activity.

This form is not very common.

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