1041-US: Sale does not appear on Form 8582 (FAQ)

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My client disposed of a passive activity this year, but the sale does not appear on Form 8582. Why?


The reporting requirements for total dispositions of passive activities are explained in the Form 8582 instructions in the "Reporting an Entire Disposition on Schedule D or Form 4797" section. According to the instructions, the following situations are not required to be reported on Form 8582 or the worksheets.

UltraTax CS reports the overall gain on disposal from only one passive activity on Form 8582 but will not print Form 8582. There are no effects on income, loss, or the tax calculation.

Related topic: 1041-US: Passive loss information FAQs

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