I have a new client with rental properties in several states. He had a sale last year so no Federal level PAL carryovers but he has PALs in the states. How do I create state Forms 8582? Or at least enter the information? I need them for California, Ohio, N. Carolina and Arizona. I've been looking everywhere and can't find a way to get this information in the return.
California does not use form 8585. They have their own form FTB3801, don't know about the other states, but you should research each state to see how to report passive loss carryovers
I thought it worked the same as the federal. If you open the CA return and go to their Sch E, can't you scroll down to Page 2 and insert prior year suspended losses?
On California, yes. On Arizona, North Carolina and Ohio, no. Ohio is a nightmare anyway. The program seems to do next to nothing automatically. Thanks for California. I guess each state is different. Any idea about the others? I will call.
The prior year returns show PALs for those states with state-specific numbers carrying over. The sale that freed up the Federal PALs in 2023 was in Alabama. The prior year return also produced state-specific Forms 8582 for each state, which apparently ProSeries does not. I'm on the phone with ProSeries support now and not getting anywhere. 😞 In 2025 the taxpayer has an Ohio sale so we need the PALs.
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