Form 990-T - Exempt Organization Business Income Tax Return - 2015 Page 6
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138810
Corporate Passive Activity Loss and Credit Limitations
OMB No. 1545-1091
Form
2015
G Attach to your tax return (personal service and closely held corporations only).
G Information about Form 8810 and its separate instructions is at
Department of the Treasury
Internal Revenue Service
Name
Employer identification number
ABILENE CHRISTIAN UNIVERSITY
75-0851900
Part I
2015 Passive Activity Loss
Caution: See the instructions and complete Worksheets 1 and 2 before completing Part I.
369,847.
1 a
1 a
Current year income (from Worksheet 2, column (a))
. . . . . . . . . . . . . . . . . . . . . . . . . .
-799,753.
b
Current year deductions and losses (from Worksheet 2, column (b))
1 b
. . . . . . . . . . . .
-785,610.
c
1 c
Prior year unallowed losses (from Worksheet 2, column (c))
. . . . . . . . . . . . . . . . . . . .
-1,215,516.
d
1 d
Combine lines 1a, 1b, and 1c. If the result is net income or zero, see instructions
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Closely held corporations enter net active income and see instructions. Personal service corporations enter
-0- on this line
2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Unallowed passive activity deductions and losses. Combine lines 1d and 2. If the result is net income or
1,215,516.
3
zero, see the instructions for lines 1d and 3. Otherwise, go to line 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Total deductions and losses allowed. Add the income, if any, on lines 1a and 2 and enter the result
369,847.
(see instructions)
4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part II
2015 Passive Activity Credits
Caution: See the instructions and complete Worksheet 5 before completing Part II.
5 a
5 a
Current year credits (from Worksheet 5, column (a))
. . . . . . . . . . . . . . . . . . . . . . . . . . .
b
Prior year unallowed credits (from Worksheet 5, column (b))
5 b
. . . . . . . . . . . . . . . . . . .
6
6
Add lines 5a and 5b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
Enter the tax attributable to net passive income and net active income (see instructions)
7
. . . . . . . . . . . . . . . . . . . . .
8
8
Unallowed passive activity credit. Subtract line 7 from line 6. If the result is zero or less, enter -0-
. . . . . . . . . . .
9
9
Allowed passive activity credit. Subtract line 8 from line 6 (see instructions)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part III
Election To Increase Basis of Credit Property
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If the corporation disposed of its entire interest in a passive activity or former passive activity in a fully taxable transaction,
and the corporation elects to increase the basis of credit property used in that activity by the unallowed credit that reduced
the property's basis, check this box (see instructions)
G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
Name of passive activity disposed of G
12
Description of the credit property for which the election is being made G
$
G
13
Amount of unallowed credit that reduced the property's basis
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BAA For Paperwork Reduction Act Notice, see separate instructions.
Form 8810 (2015)
CPCA1501L 07/22/15
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