rom 8982-CR

Passive Activity Credit Limitations

OMB No. 1545-1034

> See separate instructions. 4990
Department of the Treasury
Internal Revenue Sernce > Attach to Form 1040 or 1041. Seaeee NO, 88a
Name(s) shown on return Identifying number

| Part | Computation of 1990 Passive Activity Credits
Caution: See Worksheets 1 through 4 in the instructions. If you have credits from a publicly traded partnership, see the

instructions for Credits From Publicly Traded Partnerships.

Credits From Rental Real Estate Activities With Active Participation (Other Than Rehabilitation Investment Credits and

Low-Income Housing Credits) (See the instructions for lines 1a through 1d on page 11.)

la Credits from Worksheet 1, column (a) la
b Credits from Worksheet 1, column (b) 1b
¢ Prior year unallowed credits from Worksheet 1, column (c) lc
d_ Add lines la, 1b, and 1c . rrr 1d
Rehabilitation Investment Credits From Rental Real Estate Activities and Low-Income Housing Credits
(See the instructions for lines 2a through 2d and line 3 on page 11.)
2a Credits from Worksheet 2, column (a) 2a
b Credits from Worksheet 2, column (b) 2b
¢ Prior year unallowed credits from Worksheet 2, column (c) . 2c
d Add lines 2a, 2b, and 2c . 2d
3 Credits from Worksheet 3, column (a) . 3
All Other Passive Aetivity Credits Gee the instructions for lines 4a through rr on page 11.)
4a Credits from Worksheet 4, column (a) 4a
b Credits from Worksheet 4, column (b) 4b
¢ Prior year unallowed credits from Worksheet 4, column (). Ac
d Add lines 4a, 4b, and 4c 4d
5 Add lines 1d, 2d, 3, and 4d . 5
6 Enter the tax attributable to net passive income (see instructions). . . 6
7 _ Subtract line 6 from line 5. If line 6 is more than or equal to line 5, enter -O- and see the instructions : 7
Computation of the Special Allowance for Rental Real Estate Activities With Active Participation
Note: Complete Part Il if you have an amount on line 1d. Otherwise, go to Part Iil.
8 Enter the smaller of line 1d or line 7 8
9 Enter $150,000. If married filing separately, see instructions . 9
10 Enter modified adjusted gross income, but not less than -0-. (See
instructions.) If line 10 is equal to or greater than line 9, skip lines 11
through 15 and enter -0- on line 16 Loe nn 10
11 Subtract line 10 from line 9 . oe .{4L
12 Multiply line 11 by 50% (.5). Do not enter more ethan $25, 000. if f married
filing separately, see instructions . . (42.
13 Enter the amount, if any, from line 9 of Form 8582 13
14 Subtract line 13 from line 12 14
15 Enter the tax attributable to the amount on line 14. (See instructions.) . 15
16___Enter the smaller of line 8 or line 15. 16

For Paperwork Reduction Act Notice, see separate instructions.

Form 8582-CR (1990)


Form 8582-CR (1990)

Computation of the Special Allowance for Rehabilitation Investment Credits From Rental Real Estate Acti

and Low-Income Housing Credits For Property Placed in Service Before 1990 (or From Pass-Through Interests

Acquired Before 1990)
Note: Complete Part Ill if you have an amount on line 2d. Otherwise, go to Part IV.

17
18
19
20
21

22

23

24

25
26
27
28
29

Computation of the Special ‘Allowance for Low-Income Housing Credits For Property Placed i in Service After

Enter the amount from line 7 17
Enter the amount from line 16 . 18
Subtract line 18 from line 17. If -0-, enter - 0. here and on nines 30 and 36, and then go to Part v. 19
Enter the smaller of line 2d or line 19 . Loe 20
Enter $250,000. If married filing separately, see instructions. Gee

instructions to see if you can skip lines 21 through 26.). . . . . . .-2

Enter modified adjusted gross income, but not less than -0-. (See

instructions for Part Il, line 10.) If line 22 is equal to or greater t than line

21, skip lines 23 through 29, and enter -0-online30. . . . 22
Subtract line 22fromline21. 2 2. ee LB

Multiply line 23 by 50% (.5). Do not enter more than $25,000. If married

filing separately, see instructions . Coe ee LRM

Enter the amount, if any, from line 9 of Form 8582 Soe 25

Subtract line 25 fromline24 . . . ce ee | 26

Enter the tax attributable to the amount on line 26. (See instructions.) . . | 27

Enter the amount, ifany,fromlinel@ 2 2 2 2 1 we . . . L28

Subtract line 28 from line 27 29
Enter the smaller of line 20 or line 29. 30

Note: Complete Part IV if you have an amount on line 3. Otherwise, go to Part V.

1989

31 Enter the amount from line 19 if you completed Part Ill. Otherwise, subtract line 16 from line 7 . 31
32 Enter the amount from line 30 . . Soe ee ee 32
33 Subtract line 32 from line 31. If -0-, enter 0. here and on nine 36. 33
34 Enter the smaller of line 3 or line 33 34
35 Tax attributable to the remaining special allowance. See instructions 35.
36__Enter the smaller of line 34 or line 35 . 36
Computation of Passive Activity Credit Allowed
37 Add lines 16, 30, and 36. If this line shows the same amount as line 7, go to line 47 . 37
38 Add lines la, 2a, and 4a. If -0-, go to line 47. 38
39 Enter the tax attributable to passive income from activities acquired ‘before 10: 234 86. (See

instructions.) : . 39
40 Subtract line 39 from line 38. if line 39: is S equal to or greater than line 38, enter 0 40
41a Ifline 1a is -O- or blank, enter -0-. Otherwise, see instructions. . . . . [4la

b Ifline 2a is -O- or blank, enter -O-. Otherwise, see instructions. . . . . [41b
42 Addlines 41a and 41b . 42
43 Subtract line 42 from line 40. If line 42 is 5 equal to or greater than line 40, enter 0- 43
44 Subtract line 37 from line 7 . 44
45 Enter the smaller of line 43 or line 44. 45
46 Multiply line 45 by 10% (.1) and enter the result 46
47 Passive Activity Credit Allowed. Add lines 6, 37, and 46. ‘See the instructions for Credits From
. Laz

Publicly Traded Partnerships if you have any credits from a publicly traded partnership .

Note: Use Worksheets 5 through 9, whichever apply, 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.

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