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Form 3468, Investment Credit.

Production Credit. Enter the credits

Specific Instructions

Enter the credits from Form 3468, line

from Form 8835, line 31, in column

15, in column (a) of Worksheet 1, 2,

(a) of Worksheet 1 or 4.

or 4.

Current Year Credits

Form 8844, Empowerment Zone

Form 3800, General Business

and Renewal Community

Convert any current year qualified

Credit. Enter the credits from Form

Employment Credit. Enter the

expenditures into credits before

3800, line 3, in column (a) of

credits from Form 8844, line 5, in

beginning Worksheet 1, 2, 3, or 4. If

Worksheet 1, 2, 3, or 4.

column (a) of Worksheet 1 or 4.

the credits are from more than one

Form 5884, Work Opportunity

activity or are of more than one type,

Form 8846, Credit for Employer

Credit. Enter the credits from Form

separate the credits by activity and by

Social Security and Medicare

5884, line 5, in column (a) of

type before making entries in the

Taxes Paid on Certain Employee

Worksheet 1 or 4.

worksheets.

Tips. Enter the credits from Form

Form 6478, Alcohol and Cellulosic

8846, line 7, in column (a) of

For tax years beginning after

Biofuels Fuels Credit. Enter the

Worksheet 4.

2010, line numbers on the

credits from Form 6478, line 10, in

referenced forms may

Form 8941, Credit for Small

CAUTION

column (a) of Worksheet 1 or 4.

change. See the form instructions for

Employer Health Insurance

Form 8586, Low-Income Housing

the referenced forms on how to report

Premiums. Enter the credits from

Credit. Enter the credits from Form

the current year passive activity

Form 8941, line 17, in column (a) of

8586, line 13, in column (a) of

credit.

Worksheet 4.

Worksheet 3.

Example. You have a low-income

Form 8834, Qualified Plug-In

Prior Year Unallowed

housing credit from one activity and a

Electric and Electric Vehicle Credit.

research credit from a different

Credits

See the Instructions for Form 8834

activity. Enter the low-income housing

for the amount to enter in column (a)

credit in column (a) of Worksheet 2 or

To figure this year’s PAC, you must

of Worksheet 1 or 4.

3 and make a separate entry for the

take into account any credits from

research credit in column (a) of

Form 8835, Renewable Electricity,

passive activities disallowed for prior

Refined Coal, and Indian Coal

Worksheet 4.

years and carried forward to this year.

Lines 1a and 1b. Use Worksheet 1 to figure the amounts to enter on lines 1a and 1b. Use line 1a for credits from rental real estate

activities with active participation for the current year and line 1b for prior year unallowed credits from rental real estate activities with

active participation in both the prior year in which the credit arose and the current year. See Special Allowance for Rental Real Estate

Activities on page 2 for a definition of active participation.

After you complete the worksheet below, enter the totals of columns (a) and (b) on the corresponding lines of Form 8582-CR and then

complete line 1c.

Note. Rehabilitation credits from rental real estate activities and low-income housing credits must be entered in Worksheet 2 or 3,

whichever applies, even if you actively participated in the activity.

Worksheet 1 for Lines 1a and 1b

(keep for your records)

Current Year

Prior Year

Total Credits

Credits

Unallowed Credits

From

Name of Activity

Form

(a) Credit line 1a

(b) Credit line 1b

Totals. Enter on lines 1a and 1b of Form 8582-CR

Lines 2a and 2b. Use Worksheet 2 to figure the amounts to enter on lines 2a and 2b. Use line 2a for rehabilitation credits and

low-income housing credits from rental real estate activities for the current year and line 2b for prior year unallowed credits from those

activities. However, use Worksheet 3 instead of Worksheet 2 for low-income housing credits for property placed in service after 1989. If

you held an indirect interest in the property through a partnership, S corporation, or other pass-through entity, use Worksheet 3 only if

you also acquired your interest in the pass-through entity after 1989. Use this worksheet if you do not meet both requirements.

After you complete the worksheet below, enter the totals of columns (a) and (b) on the corresponding lines of Form 8582-CR and

then complete line 2c.

Worksheet 2 for Lines 2a and 2b

(keep for your records)

Current Year

Prior Year

Total Credits

Credits

Unallowed Credits

From

Name of Activity

Form

(a) Credit line 2a

(b) Credit line 2b

Totals. Enter on lines 2a and 2b of Form 8582-CR

-8-

Instructions for Form 8582-CR (2010)

Instructions For Form 8582-Cr - Passive Activity Credit Limitations - Internal Revenue Service - Page 8

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