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Form 8582

taxtime527
Level 3

Anyone else having trouble with Form 8582?  More specifically, the unallowed carryover losses from 2024 are not correct when they transfer to 2025?

The client I am working on used $25k of carryover losses in 2024.  Instead of the "initial" amount minus the $25k being carried over to the 2025 Form 8582, the initial amount is showing in Part IV, column C, therefore overstating the loss by $25k.

 

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2 Comments 2
sjrcpa
Level 15

Which software?


The more I know the more I don’t know.
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taxtime527
Level 3

ProSeries Professional

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