Federal Passive Activity Credit Limitations

Passive Activity Credit Limitations
Form 8582-CR (Rev. December 2019)
Form

8582-CR

(Rev. December 2019)
Department of the Treasury
Internal Revenue Service
Name(s) shown on return

Part I

Passive Activity Credit Limitations

OMB No. 1545-1034

▶ See

separate instructions.
▶ Attach to Form 1040, 1040-SR, or 1041.
▶ Go to www.irs.gov/Form8582CR for the latest information.

Attachment
Sequence No. 89
Identifying number

Passive Activity Credits

Caution: If you have credits from a publicly traded partnership, see Publicly Traded Partnerships (PTPs) in the
instructions.
Credits From Rental Real Estate Activities With Active Participation (Other Than Rehabilitation
Credits and Low-Income Housing Credits) (See Lines 1a through 1c in the instructions.)
1a

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1a

b Prior year unallowed credits from Worksheet 1, column (b) .

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1b

Credits from Worksheet 1, column (a) .

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c Add lines 1a and 1b . . . . . . . . . . . . . . . . . . . . . . . . . . .
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)
(See Lines 2a through 2c in the instructions.)
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2a

b Prior year unallowed credits from Worksheet 2, column (b) .

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2b

Credits from Worksheet 2, column (a) .

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c Add lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . .
Low-Income Housing Credits for Property Placed in Service After 1989 (See Lines 3a through 3c in
the instructions.)
3a Credits from Worksheet 3, column (a) . . . . . . . . . . . . . .
3a
b Prior year unallowed credits from Worksheet 3, column (b) . . . . . . .
3b
c Add lines 3a and 3b . . . . . . . . . . . . . . . . . . . . . . . . . .
All Other Passive Activity Credits (See Lines 4a through 4c in the instructions.)
4a Credits from Worksheet 4, column (a) . . . . . . . . . . . . . .
4a
b Prior year unallowed credits from Worksheet 4, column (b) . . . . . . .
4b
c Add lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Add lines 1c, 2c, 3c, and 4c . . . . . . . . . . . . . . . . . . . . . . . .
6
Enter the tax attributable to net passive income (see instructions) . . . . . . . . . . .
7
Subtract line 6 from line 5. If line 6 is more than or equal to line 5, enter -0- and see instructions
Note: If your filing status is married filing separately and you lived with your spouse at any time during
year, do not complete Part II, III, or IV. Instead, go to line 37.

Part II

1c

2c

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3c

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4c
5
6
7

the

Special Allowance for Rental Real Estate Activities With Active Participation

Note: Complete this part only if you have an amount on line 1c. Otherwise, go to Part III.
Enter the smaller of line 1c or line 7 . . . . . . . . . . . . . . . . . . . .
Enter $150,000. If married filing separately, see instructions . . . . . .
9
Enter modified adjusted gross income, but not less than zero (see
instructions). If line 10 is equal to or more than line 9, skip lines 11 through 15
and enter -0- on line 16 . . . . . . . . . . . . . . . . . .
10
11
Subtract line 10 from line 9 . . . . . . . . . . . . . . . . .
11
Multiply line 11 by 50% (.50). Do not enter more than $25,000. If married filing
12
separately, see instructions . . . . . . . . . . . . . . . . .
12
13a Enter the amount, if any, from line 10 of Form 8582 .
13a
b Enter the amount, if any, from line 14 of Form 8582 .
13b
c Add lines 13a and 13b . . . . . . . . . . . . . . . . . . .
13c
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10

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14
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Subtract line 13c from line 12 . . . . . . . . . . . . .
Enter the tax attributable to the amount on line 14 (see instructions) .

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14
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15

16

Enter the smaller of line 8 or line 15 .

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16

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For Paperwork Reduction Act Notice, see instructions.

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Cat. No. 64641R

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Form 8582-CR (Rev. 12-2019)

Page 2

Form 8582-CR (Rev. 12-2019)

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.

Enter the amount from line 7 . . . . . . . . . . . . . . . . . . . . . . .
Enter the amount from line 16 . . . . . . . . . . . . . . . . . . . . . .
Subtract line 18 from line 17. If zero, enter -0- here and on lines 30 and 36, and then go to Part V
Enter the smaller of line 2c or line 19 . . . . . . . . . . . . . . . . . . . .
Enter $250,000. If married filing separately, see instructions to find out if you
can skip lines 21 through 26 . . . . . . . . . . . . . . . . .
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 . . . . . . . . . . . . . . . . . .
22
23
Subtract line 22 from line 21 . . . . . . . . . . . . . . . . .
23
Multiply line 23 by 50% (.50). Do not enter more than $25,000. If married filing
24
separately, see instructions . . . . . . . . . . . . . . . . .
24
25a Enter the amount, if any, from line 10 of Form 8582 .
25a
b Enter the amount, if any, from line 14 of Form 8582 .
25b
c Add lines 25a and 25b . . . . . . . . . . . . . . . . . . .
25c
26
Subtract line 25c from line 24 . . . . . . . . . . . . . . . .
26
27
Enter the tax attributable to the amount on line 26 (see instructions) . . .
27
28
Enter the amount, if any, from line 18 . . . . . . . . . . . . . .
28
29
Subtract line 28 from line 27 . . . . . . . . . . . . . . . . . . . . . . .

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29

30

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30

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Enter the smaller of line 20 or line 29 .

Part IV

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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
32
33
34
35
36

If you completed Part III, enter the amount from line 19. Otherwise, subtract line 16 from line 7 .
Enter the amount from line 30 . . . . . . . . . . . . . . . . . . . . . .
Subtract line 32 from line 31. If zero, enter -0- here and on line 36 . . . . . . . . . .
Enter the smaller of line 3c or line 33 . . . . . . . . . . . . . . . . . . . .
Tax attributable to the remaining special allowance (see instructions) . . . . . . . . .
Enter the smaller of line 34 or line 35 . . . . . . . . . . . . . . . . . . . .

Part V
37

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31
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34
35
36

Passive Activity Credit Allowed

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. . . . .

Part VI
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37

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 . . . . . . . . . . . . . . . . . . . . . . . . . . ▶
Name of passive activity disposed of ▶
Description of the credit property for which the election is being made ▶

41

Amount of unallowed credit that reduced your basis in the property .

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▶$
Form 8582-CR (Rev. 12-2019)