How to populate form 8582?

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Tbsksoe
Tbsksoe Member Newcomer
in Filing my taxes

Hello, I had a form 8582 last year (not using freetaxusa) to go along with my Schedule E for a rental property I have. It doesn't look like Freetaxusa populated one for me this year, how can I make sure I populate or add one, or what may have I answered incorrectly so that it's not prompting for one or showing me one. Thank you so much for your help

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  • MatthewD
    MatthewD FreeTaxUSA Team
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    The Form 8582 is for Passive Activity Losses. The software will automatically calculate your rental losses and apply them to Form 8582 as needed.

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  • Tbsksoe
    Tbsksoe Member Newcomer
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    @MatthewD I did have losses, but no 8582 populated. So that is correct? Anyway I can revisit something to doublecheck? Thank you for the help

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  • MatthewD
    MatthewD FreeTaxUSA Team
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    Hello,

    Yes, that is likely correct. The tax software will calculate how much your passive losses are and apply them as allowed. They may have all been applied to 2023.

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