1040-US: Treating an activity as passive

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)