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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8582
for the current year.
IRS Form 8582 Passive Activity Loss Limitations
What Is IRS Form 8582?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on January 1, 2017. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 8582?A: IRS Form 8582 is a form used to calculate the passive activity loss limitations.
Q: What are passive activity loss limitations?A: Passive activity loss limitations are rules that restrict the amount of losses that can be deducted from passive activities.
Q: How are passive activities defined?A: Passive activities are generally business or rental activities in which the taxpayer does not materially participate.
Q: Who needs to file IRS Form 8582?A: Taxpayers who have losses from passive activities and want to claim deductions for those losses need to file IRS Form 8582.
Q: What information do I need to complete IRS Form 8582?A: You will need information about your various passive activities, including income, deductions, and the amount of loss allowed in prior years.
Q: When is the deadline to file IRS Form 8582?A: The deadline to file IRS Form 8582 is usually the same as the deadline to file your federal income tax return, which is typically April 15th.
Q: Can I e-file IRS Form 8582?A: Yes, you can e-file IRS Form 8582 using tax preparation software or through a qualified tax professional.
Q: What happens if I don't file IRS Form 8582?A: If you have losses from passive activities and fail to file IRS Form 8582, you may not be able to claim deductions for those losses.
Q: Can I carry forward passive activity losses?A: Yes, if you have passive activity losses that exceed your income, you can generally carry them forward to future tax years.
Q: Can I deduct passive activity losses against active income?A: Under certain circumstances, you may be able to deduct passive activity losses against active income, but there are limitations.
Q: Do I need to include supporting documents with IRS Form 8582?A: You generally do not need to include supporting documents with IRS Form 8582 when you file it, but you should keep them for your records in case of an audit.
Form Details:
- A 3-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8582 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 8582 Passive Activity Loss Limitations
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