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Level 3
February 26, 2025
Question

Form 8582

  • February 26, 2025
  • 1 reply
  • 11 views

My client has a rental property. He has passive loss from previous year. He sold his property with loss this year. I cannot get Form 8582, but I get Form 172. Could you teach me why this happens?

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    1 reply

    IRonMaN
    Level 15
    February 26, 2025

    Based on the number of posts, there are a couple of truckloads of ProSeries users with farm clients that would love to get that form 172 from you.  Sounds like you created yourself an NOL.

    Slava Ukraini!
    nabonaboAuthor
    Level 3
    February 26, 2025

    Thank you for your reply.

    I think that I didn't do anything to create NOL myself, but I do research one more time.

    Thanks!