1040-US: Treating an activity as passive

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The IRS MeF system is now processing returns, and the filing deadline has been extended to 11:59 PM on Wednesday, April 18, 2018. For the latest details, see UltraTax CS alerts and notices.

Question

I see passive fields on many input screens, but there is no screen dedicated to Form 8582. How do I enter passive activities?

Answer

Passive activities must be indicated as such for each individual activity. Once an activity is specified as passive, UltraTax CS will automatically report the income or loss information in the appropriate section of Form 8582.

Related topic: Passive loss information FAQs (1040)

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