Form 8582-Cr - Passive Activity Credit Limitations Page 2
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Form 8582-CR (Rev. 01-2012)
Page
Part III
Special Allowance for Rehabilitation Credits From Rental Real Estate Activities and Low-Income Housing
Credits for Property Placed in Service Before 1990 (or From Pass-Through Interests Acquired Before 1990)
Note: Complete this part only if you have an amount on line 2c. Otherwise, go to Part IV.
17
17
Enter the amount from line 7 .
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18
Enter the amount from line 16 .
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18
19
Subtract line 18 from line 17. If zero, enter -0- here and on lines 30 and 36, and then go to
Part V .
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19
20
Enter the smaller of line 2c or line 19 .
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20
21
Enter $250,000. If married filing separately, see instructions to find
out if you can skip lines 21 through 26
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21
22
Enter modified adjusted gross income, but not less than zero. (See
instructions for line 10.) If line 22 is equal to or more than line 21,
skip lines 23 through 29 and enter -0- on line 30 .
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23
23
Subtract line 22 from line 21 .
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24
Multiply line 23 by 50% (.50). Do not enter more than $25,000. If
married filing separately, see instructions
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24
25a Enter the amount, if any, from line 10
of Form 8582 .
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25a
b Enter the amount, if any, from line 14
of Form 8582 .
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25b
c Add lines 25a and 25b .
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25c
26
Subtract line 25c from line 24 .
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26
27
27
Enter the tax attributable to the amount on line 26 (see instructions)
28
28
Enter the amount, if any, from line 18 .
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29
Subtract line 28 from line 27 .
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29
30
Enter the smaller of line 20 or line 29 .
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Part IV
Special Allowance for Low-Income Housing Credits for Property Placed in Service After 1989
Note: Complete this part only if you have an amount on line 3c. Otherwise, go to Part V.
31
If you completed Part III, enter the amount from line 19. Otherwise, subtract line 16 from line 7 .
31
32
Enter the amount from line 30 .
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32
33
33
Subtract line 32 from line 31. If zero, enter -0- here and on line 36 .
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34
Enter the smaller of line 3c or line 33 .
34
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35
Tax attributable to the remaining special allowance (see instructions) .
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35
36
Enter the smaller of line 34 or line 35 .
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36
Part V
Passive Activity Credit Allowed
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Passive Activity Credit Allowed. Add lines 6, 16, 30, and 36. See instructions to find out how to
report the allowed credit on your tax return and how to allocate allowed and unallowed credits if
you have more than one credit or credits from more than one activity. If you have any credits
from a publicly traded partnership, see Publicly Traded Partnerships (PTPs) in the instructions.
37
Part VI
Election To Increase Basis of Credit Property
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If you disposed of your entire interest in a passive activity or former passive activity in a fully taxable transaction, and you
elect to increase your basis in credit property used in that activity by the unallowed credit that reduced your basis in the
property, check this box. See instructions .
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▶
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Name of passive activity disposed of
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Description of the credit property for which the election is being made
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Amount of unallowed credit that reduced your basis in the property .
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$
▶
8582-CR
Form
(Rev. 01-2012)
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