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Section 1231 gain or loss not carried to Form 8582
📚 What This Guide Covers
This article explains where Section 1231 gain or loss flows in Sure-Fire, and what to do if you need it on Form 8582.
⚠️ Before You Begin
Have Forms 4797, 8582, and the worksheet area you use in Sure-Fire available so you can confirm where amounts are being carried.
📊 Step-by-Step Guide
Step 1: Know the default carry
Net gain or loss from Section 1231 is carried to Form 4797 (Sale of Business Property), but it is not included on Form 8582 (Passive Activity Computation).
Step 2: If you need it on Form 8582
If it needs to be on Form 8582, you will have to override the appropriate entry on Form 8582 to include it.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form