rum 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. eee No. 88a
Name(s) shown on return Identifying number

FREE] «Computation of 1989 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 instructions for lines 1a through 1d on page 5.)

la Credits from Worksheet 1,column(a) . . ......... .({1a
b Credits from Worksheet 1,column(b) . . . . . 2... ss . Lab
¢ Prior year unallowed credits from Worksheet 1,column(c). . . . . . Lie
d Addlinesla,1b,andic. . . rrr ae |

Rehabilitation Investment ‘Credits and Low: Income Housing Credits From Rental Real Estate Activities
(See the instructions for lines 2a through 2d on page 5.)

2a Credits from Worksheet 2,column(a) . . . ........ .L2@
b Credits from Worksheet 2,column(b) . . 1... 1... LOD
¢ Prior year unallowed credits from Worksheet 2,column(c). . . . . . L2e
d Addlines2a,2b,and2c. . . . we 2d

All Other Passive Activity Credits See the instructions tor lines 3a through 3d on page 5.)

3a Credits from Worksheet 3, column(a) . . . . . ...... . {3a
b Credits from Worksheet 3,column(b) . . 2... 2. ss. «8b
¢ Prior year unallowed credits from Worksheet 3, column(c). . . . . . L3¢
d Addlines3a,3b,and3c. 6. ee ee LB
4 Addlines1d,2d,and3d. . . . ee ee La
5 Enter the tax attributable to net passive income (see instructions). soe 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. if line 4
is more than line 5 and line 1d shows an amount, go to Part Il. Otherwise, go to Part Ill if line 2d shows an
amount. If both lines 1d and 2d are-O-orblank,gotoPartIV. . . . . nr 6

Computation of the Special Allowance for Rental Real Estate Activities With Active Parti
Note: Complete Part Il if you have an amount on line 1d. Otherwise, go to Part Ill.

7 Enterthe smalleroflineldorlinme6 2... 2. ee ee ee ee ee LT
8 Enter $150,000. If married filing separately, see instructions. . . . .|_8
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 14andenter-O-onlinel15 2... 2 2 we ee LD
10 Subtract line9fromline8 . 1. . . Lo
11 Multiply line 10 by 50% (.5). Do not enter more than $25, 000. if martied
filing separately, see instructions . . . {42
12 Enter the amount, if any, from line 9 of Form8582 . . .... . ,{12
13 Subtractlinel2fromlinell 2 2. 2 2... ee. LS
14 Enter the tax attributable to the amount on line 13. (See instructions.) . . . . . ..... . [14

15 Enter the smaller of line 7 or line 14. If you have an amount on line 2d, go to Part Ill; otherwise, go to Part |V 15

For Paperwork Reduction Act Notice, see separate instructions. Form 8582-CR (1989)


Form 8582-CR (1989) Page 2

| Part 111 | Computation of the Special Allowance for Rehabilitation Investment Credits and Low-Income Housing Credits
From Rental Real Estate Act
Note: Complete Part Ill if you have an amount on line 2d. Otherwise, go to Part IV.

16 Entertheamountfromline6 2 6. 1 ee ee ee LAE

17 Enterthe amount fromlinel5. 2 6. ee ee ee ee LAD

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. . . . 1. . re
20 Enter $250,000. If married filing separately, see instructions. (See
instructions to see if you can skip lines 20 through 25.) . .. . [20
21. Enter modified adjusted gross income, but not less than -O-. (See
instructions for Part Il, line 9.) If line 21 is equal to or greater than line 20,
skip lines 22 through 28, enter -O- on line 29, and then go to line 30.
Otherwise, go to line 22. Loe . . L2l
22 Subtractline21fromline20 . . 2... 1 1 ee we ee LB?
23 © Multiply line 22 by 50% (.5). Do not enter more than $25,000. If married
filing separately, see instructions . . . re ad
24 Enter the amount, if any, from line 9 of Form 8582 woe ee ee L 24
25 Subtract line 24 fromline23 . 2... . 25
26 Enter the tax attributable to the amount on line 25. (Gee instructions.) . . (26
27 Enterthe amount, ifany,fromlinel7 . . 2... . . . . . / L2Z
28 Subtractline 27 fromline26 2 6 ee ee FB
29 Enter the smaller ofline 19 orline28. . . se

[elaaia 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 2 2 ee ee fd

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 line 31, enter -O- . 33
34a Ifline 1a is -0- or blank, enter -O-. Otherwise, see instructions for line 34a |34a

b If line 2a is -O- or blank, enter -0-. Otherwise, see instructions for line 34b [34b
35 Addlines34aand34b . 2... ee ee 18
36 Subtract line 35 from line 33. If line 35 is equal to or greater than line 33,enter-O-. . . . . . . [36
37 Subtractline 30 fromline6. 2 6. 37
38 Enterthe smaller ofline 36 orline37. . 2). eee L388
39 Multiply line 38 by 20% (.2) andentertheresult. . 2 2... 2. ....2-... [39

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 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.