Question

Form 8582 Instructions - Report Carry Overs Regular Tax

Forum|Forum|1 year ago
March 25, 2025
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In the step by step Personal Income/Form K1 instructions, I have reached the sheet "Report Carryovers - Regular Tax". I have carryover losses from a partnership on 2023 Form 8582, and am looking for where to enter them. The instructions ask for information from "Box 1 - Ordinary Income" and "Box 2a - Ordinary Income". What form from 2023 or 2024 has the Box 1 and Box 2a that I should get this information from? Neither current year Schedule K1 nor previous year Form 8582 seems to have the right information in the right boxes.

TurboTax Home & Biz Windows

PatriciaV

Box One is for a passive loss from Schedule E. Box 2a is a passive loss from Form 1040 (uncommon). You'll find these carryovers in the Schedule K-1 Worksheet for this investment that was included in your prior year tax return (if you used TurboTax). Look for Section A under Line 21.

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