rom 8582-CR Passive Activity Credit Limitations (OMB No. 1545-1034
> See separate instructions.

Department of the Treasury ‘Attachment
Internal Revenue Service > Attach to Form 1040 or 1041 Sequence No. 88a

Name(s) as shown on return ‘Social security or EIN no.

EET Computation of 1988 Passive Activity Credits
Caution: See Worksheets 1, 2, and 3 in the instructions. If you have credits from a publicly traded partnership, see the instructions for
Credits From Publicly Traded Partnerships.

Rental Real Estate Activities With Active Participation
(See the definition of active participation under Part I of the instructions.)

la Credits from Worksheet 1,column(a) . . . ........ .{da
b Credits from Worksheet 1,column(b) . . . . .... . . . . Lob
¢ Prior year unallowed credits from Worksheet 1,column(c). . . . . . Lie
d Addlinesla,1b,andic. . . 1d

Rehabilitation Investment ‘Credits and Low: Income Housing Credits From Rental Real Estate Activities

2a Credits from Worksheet 2,column(a) . . ......... .(:28

b Credits from Worksheet 2,column(b) . . . ..... 2. . .L 2B

¢ Prior year unallowed credits from Worksheet 2,column(c). . . . . .L2¢ THU
d_ Add lines 2a, 2b, and 2c . .

All Other Passive Aetivity Credits (Gee the instructions for Tines 3a, 3b, and 3c.)

3a Credits from Worksheet 3,column(a) . .......... .({38
b Credits from Worksheet 3,column(b) . . . ....... 4 .-3b
¢ Prior year unallowed credits from Worksheet 3, column(c). . . . . . L3¢
d Addlines3a,3b,and3c. . ee ee ee ee. LS
4 Addlines1d,2d,and3d. . . . . res
5 Enter the tax attributable to net passive income (see instructions). hone 5

6 Subtract line 5 from line 4. If line 5 is more than or equal to line 4, enter -O- and see the instructions. tf line 4
is more than line 5 and line 1d shows an amount, go to Part II. Otherwise, e to Part Ill if line 2d shows an
amount. If both 1d and 2d are -O- or blank, gotoPartIV. . . 6

Computation of the Special Allowance for Rental Real Estate ‘Activities With Active Participation
Note: See the Instructions for Part Il to see who should complete this Part.

7 Enterthesmalleroflineldorline6 . 2. 1. ee ee ee ee ee ee ee LD
8 Enter $150,000. If married filing separately, see instructions . . . .L8
9 Enter modified adjusted gross income, but not less than -0-. (See
instructions.) If line 9 is equal to or greater than line 8, skip lines 10
through 14 andenter-O-onlinel5 . 2... .. 1... LD
10 Subtractline9fromline8 . 2... . Lo
11 Multiply line 10 by 50% (.5). Do not enter more ethan $25; 000. if martied
filing separately, see instructions . . . . .p4
12 Enterthe amount, if any, from line9 of Form8582 . . . . . . . . {a2
13 Subtractline12fromlinell 2 2 2... LS
14 Enter the tax attributable to the amount on line 13. (See instructions.) .. . . . . ..... . L14

15__ Enter the smaller of line 7 or line 14. If you have an amount on line 2d, go to Part III; otherwise, go to Part IV 15
For Paperwork Reduction Act Notice, see separate instructions. Form 8582-CR (1988)



Form 8582-CR (1988) Page 2

Computation of the Special Allowance for Rehabilitation Investment Credits and Low-Income Housing Credits
From Rental Real Estate Activities (See the instructions for Part III to see who should complete this Part.)
Note: /f you do not have an amount on line 2d skip Part Ill and go to Part IV.

16 Entertheamountfromline6 . 6. ee ee LE

17 Entertheamountfromlinel5. 2. ee ee PAD

18 Subtract line 17 from line 16. If-O-, enter the amount, if any, from line 15 on line 30 and then goto line 40 |_18

19  Enterthe smaller ofline 2dorline18. . . . . es ‘

20 Enter $250,000. If married filing separately, see instructions. ‘Gee
instructions to see if you can skip lines 20 through 25.) . . . (20
21° Enter modified adjusted gross income, but not less than -0-. (See
instructions for lines 9 and 21.) If line 21 is equal to or greater than line
20, skip lines 22 through 28, enter -0- on line 29, and then "go to line 30.
Otherwise, gotoline 22 . . . L2L
22 Subtractline21fromline20 . 2. 2 1 ee ee ee ee LO?
23 = = Multiply line 22 by 50% (.5). Do not enter more than $25,000. If married
filing separately, see instructions . . . wee ee ee [28
24 Enter the amount, if any, from line 9 of Form 8582 woe ee ee 124
25 Subtractline24fromline23 . . . . . . [25 YY
26 Enter the tax attributable to the amount on line 25. (Gee instructions) . . | 26
27° Enterthe amount, ifany,fromlinel17 . 2... 1... LOZ UY
28 Subtractline 27 fromline26. 1 we we [BB
29 Enter the smaller ofline19orline28.

Computation of Passive Activity Credit Allowed

30 Add lines 15 and 29. If this line shows the same amount as line 6, go to line 40. Otherwise, go to line 31 30

31 Addlinesla,2a,and3a. . 2 ee ee ee [8D

32 Enter the tax attributable to passive income from activities acquired before 10-23-86. (See instructions.) 32

33 © Subtract line 32 from line 31. If line 32 is equal to or greater than line3l,enter-O-. . . . . . . 33
34a If line 1a is -0- or blank, enter -0-. Otherwise, see instructions for line 34a | 34a

b Ifline 2a is -0- or blank, enter -0-. Otherwise, see instructions for line 34b |34b
35 Addlines34aand34b 6 ef 88
36 Subtract line 35 from line 33. If line 35 is equal to or greater thanline33,enter-O-. . . . . . . 36
37 Subtractline30fromline6. ee LZ
38 Enterthesmallerofline36orline37. 2 6 6. ee ee ee ee [88
39 Multiply ine 38 by 40% (.4) and enter the result. a

40 Passive Activity Credit Allowed. Add lines 5, 30, and 39. See the instructions for Credits From
Publicly Traded Partnerships if you have any credits from a publicly traded partnership . . . . . | 40
Note: Use Worksheets 4 through 7, whichever applies, to allocate the allowed and unallowed credits if
you have credits from more than one passive activity. Also use the worksheets if you must allocate the
credits because they are reported on different forms.