Form 8582

Description

Form 8582 - is used to figure the amount of any passive activity loss for the current tax year and the total losses allowed from passive activities. Generally, passive activities include (1) trade or business activities in which you did not materially participate for the tax year and (2) rental activities regardless of your participation (you can usually still deduct up to $25,000 of your rental losses if you actively participate in the rental activity and your modified adjusted gross income is less than $100,000).

E-File Today
    ... Fast
       ... Easy
          ... Accurate




Free Tax e-file!

FreeTaxUSA.com
- 100% Accuracy Guarantee
- Safe & Secure
- Federal 100% Free
- State Only $12.95

© 2005-2012 webTAXcenter.com, a TaxHawk, Inc. owned and operated web site