Form 8582 (1989)

Page 4

Worksheet 4—Allocation of Unallowed Losses (See Instructions on page 8.)

Name of activity

Forms or schedules
to be reported on

(See Instructions.)

(b) Ratio
(See Instructions.)

(c) Unallowed loss
(See Instructions.)

Total

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1.00

Worksheet 5—Allowed Losses (See Instructions on page 8.)

Name of activity

Forms or schedules
to be reported on

(See Instructions.)

(b) Unallowed loss
(See Instructions.)

(c) Allowed loss
(See Instructions.)

Total

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Worksheet 6—Activities With Losses Reported on 2 or More Different Forms or Schedules (See Instructions on page 8.)

Name of Activity:

Form or Schedule
to be Reported on:

1a Net loss plus prior year
unallowed loss from
form or schedule .

b Net income from
form or schedule .

¢ Subtract line 1b
from line 1a. If -O-
or less, enter -O-

Form or Schedule
to be Reported on:

la Net loss plus prior year
unallowed loss from
form or schedule .

b Net income from
form or schedule .

¢ Subtract line 1b
from line la. If -O-
or less, enter -O-

Form or Schedule
to be Reported on:

la Net loss plus prior year
unallowed loss from
form or schedule .

b Net income from
form or schedule .

¢ Subtract line 1b
from line 1a. If -O-
or less, enter -O-

Total

(a) (b) (c) Ratio (d) Unallowed (e) Allowed loss
(See Instr.) (See Instr.) (See Instr.) loss (See Instr.) (See Instr.)
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8 5 8 2 Passive Activity Loss Limitations
Form .

» See separate Instructions.
Department of the Treasury > Attach to Form 1040 or Form 1041.

Internal Revenue Service

OMB No. 1545-1008

1989

Attachment
Sequence No. 88

Name(s) shown on return Identifying number

Computation of 1989 Passive Activity Loss

Caution: See the Instructions for Worksheets 1 and 2 on pages 6 and 7 before completing Part |.

Rental Real Estate Activities With Active Participation (For the definition of active participation see
Active Participation in a Rental Real Estate Activity in the Instructions.)

Activities acquired before 10-23-86 (Pre-enactment):

la Activities with net income (from Worksheet 1, Part 1, column(a)) . . |-Ja
1b Activities with net loss (from Worksheet 1, Part 1, column(b)) - - + {Jb
le Combinelineslaandlb . . . woe ee. Le |

Activities acquired after 10-22-86 (Post: enactment):
1d_ Activities with net income (from Worksheet 1, Part 2, column(a)) . . |-Jd
le Activities with net loss (from Worksheet 1, Part 2, column(b)) . - - {Je
1f Combinelinesidandle . . . eee. Lf Mh
1g Net income or (loss). Combine lines 1¢ and i. 1g
1h_ Prior year unallowed losses (from Worksheet 1, Parts Land 2, column ©) ih
1i__ Combine lines 1g and 1h a woe li
All Other Passive Activities

Activities acquired before 10-23-86 (Pre-enactment):
2a Activities with net income (from Worksheet 2, Part 1, column(a)) - - [2a
2b Activities with net loss (from Worksheet 2, Part 1, column(b)) . . . |-2b
2c Combinelines2aand2b . . . . oe . . Lae

Activities acquired after 10-22-86 (Post-enactment):
2d Activities with net income (from Worksheet 2, Part 2, column(a)) . . L2d
2e Activities with net loss (from Worksheet 2, Part 2,column(b)) . . . | 2e
2f Combine lines 2dand2e . . . te Let 7
2g Net income or (loss). Combine lines 2c and of . 2g
2h Prior year unallowed losses (from Worksheet 2, Parts 1 and 2, column () 2h
2i__ Combine lines 2g and 2h oe 2i
3 Combine lines 1i and 2i. If the result is net income or - 0. see the Instructions for line 3. If this line

and line 1c or line li are losses, go to line 4. Otherwise, enter -0- on lines 8 and 9 and go to line 10 3

Computation of the Special Allowance for Rental Real Estate With Active Participation
Note: Treat all numbers entered in Parts II and Ill as positive amounts. (See Instructions on page 7 for on )

4 — Enter the smaller of the loss on line li or the loss on line 3. If line 1iis -O- or net income, enter -O-
and complete lines 5 through 9 Loe .

5 Enter $150,000. If married filing separately, see the Instructions eo)

6 Enter modified adjusted gross income, but not less than -O- (see Instructions) |_ 6

na

Note: /f line 6 is equal to or greater than line 5, skip line 7, enter -O-on
lines 8 and 9, and then go to line 10. Otherwise, go to line 7.

7 Subtract line6fromlineS5. 2. -L7

8 Multiply line 7 by 50% (.5). Do not enter more than $25, 000. If married filing separately, s see

_ .

Instructions . 8
9__Enter the smaller of line 4 or line 8 : 9
Computation of Passive Activity Loss Allowed
10 Combine lines 1c and 2c. If the result is net income or -O-, skip to line 16. (See Instructions.) EC a
11 if line 1c shows income, has no entry, or shows -O-, enter -0-. Otherwise, enter the smaller of line 1c or line 8 |_11
12 Subtract line 11 from line 10. If line 11 is equal to or greater than line 10, enter -O-. 12
13 Subtract line 9 from line 3 . . 13
14 Enter the smaller of line 12 or line 13 14
15 Multiply line 14 by 20% (.2) and enter the result 15
16 Enter the amount from line 9 . 16
17 _ Passive activity loss allowed for 1989. Add lines 15 and 16. 17
18 Add the income, if any, on lines 1a, 1d, 2a, and 2d and enter the total . (18
19 Total losses allowed from all passive activities for 1989. Add lines 17 and 18. See the Instructions
to find out how to report the losses on your tax return . 19

For Paperwork Reduction Act Notice, see separate Instructions,

Form 8582 (1989)




Caution: The worksheets are not required to be filed with your tax return and may be

Form 8582 (1989) detached before filing Form 8582. Keep a copy of the worksheets for your records. Page 3
Worksheet 1—For Form 8582, Lines la, 1b, 1d, le, and 1h (See Instructions on page 6.)
Part 1—Pre-enactment Interests Current year Prior year Overall gain or loss
‘i (a) Net income (b) Net loss (c) Unallowed i
Name of activity (ine 1a) ine 15) | loss (line thy | “Sain (6) Loss
Total. Enter on Form 8582, lines la
and 1b Uf
Part 2—Post-enactment Interests ]}
. (a) Net income (b) Net loss ii
Name of activity (line 1d) (line 1e) (d) Gain (e) Loss

Total. Enter on Form 8582, lines 14,
oe >

le,andih .

Worksheet 2—For Form 8582, Lines 2a, 2b, 2d,

2e, and 2h (See Instructions on page 7.)

Part 1—Pre-enactment Interests

Current year

Prior year

Overall gain or loss

(a) Net income (b) Net loss (c) Unallowed
Name of activity (line 2a) (line 2b) loss (line 2h) (@) Gain (©) Loss
Total. Enter on Form n 8582, lines 2a
and 2b : id
Part 2—' Post. enactment interests
ij (a) Net income (b) Net loss i,
Name of activity (line 2d) (line 2e) (d) Gain (e) Loss

Total. Enter on Form 8582, lines 2d,
2e,and2h. .

Worksheet 3—Use this worksheet if an amount is sho

wn on Form 8582, line 9 (See Instructions on page 8.)

Name of activity

Form or schedule
to be reported on

(2) Loss
(See Instructions.)

(b) Ratio
(See instructions.)

(c) Special allowance
(See instructions.)

(@) Subtract column (c)
from column (a)
(See Instructions.)

Total .

1.00