Instructions For Form 8582-Cr (Rev. December 2009) (Page 8 of 15) in pdf

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

14, 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

Form 8846, Credit for Employer

activity or are of more than one type,

Credit. Enter the credits from Form

Social Security and Medicare

separate the credits by activity and by

5884, line 5, in column (a) of

Taxes Paid on Certain Employee

type before making entries in the

Worksheet 1 or 4.

Tips. Enter the credits from Form

worksheets.

Form 6478, Alcohol and Cellulosic

8846, line 7, in column (a) of

Biofuels Fuels Credit. Enter the

Worksheet 4.

For tax years beginning after

credits from Form 6478, line 9, in

2009, line numbers may

column (a) of Worksheet 1 or 4.

Prior Year Unallowed

change. See the form

CAUTION

Form 8586, Low-Income Housing

instructions on how to report the

Credits

Credit. Enter the credits from Form

current year passive activity credit.

8586, line 13, in column (a) of

To figure this year’s PAC, you must

Worksheet 3.

take into account any credits from

Example. You have a low-income

passive activities disallowed for prior

housing credit from one activity and a

Form 8834, Qualified Plug-In

years and carried forward to this year.

Electric and Electric Vehicle Credit.

research credit from a different

See the Instructions for Form 8834

activity. Enter the low-income housing

If you had only one type of prior

for the amount to enter in column (a)

credit in column (a) of Worksheet 2 or

year unallowed credit from a single

of Worksheet 1 or 4.

3 and make a separate entry for the

passive activity, figure your prior year

research credit in column (a) of

Form 8835, Renewable Electricity,

unallowed credit by subtracting line

Worksheet 4.

Refined Coal, and Indian Coal

37 of your prior year Form 8582-CR

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 if you have any 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 (2009)

Instructions For Form 8582-Cr (Rev. December 2009) Page 8

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