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Level 3
October 8, 2020
Question

How do I populate Form 8582 Ln 3b & 3c.

  • October 8, 2020
  • 1 reply
  • 9 views

I have loss carryforward from prior years that I need to show on form 8285, lines 3b & 3c.  This is coming from a partnership K1 that no longer exists, only the loss carryforwards remain.  HELP!

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1 reply

sjrcpa
Level 15
October 8, 2020

If the partnership terminated or was sold, most, most likely those losses should have been used in the termination year,

The more I know the more I don’t know.
ljhyerAuthor
Level 3
October 9, 2020

No the loss was not used.  Still working with Lacerte to figure it out, been through 3 different support people so far......  Very frustrating!

abctax55
Level 15
October 9, 2020

"...No the loss was not used. "

You are missing Susan's point that if the partnership was final in the prior year, the losses *should* have been used then.

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