Caution: See the instructions for Worksheets 1 and 2 on pages 7 and 8 before completing Part I.

Rental Real Estate Activities With Active Participation (For the definition of active participation

see Active Participation in a Rental Real Estate Activity on page 3 of the instructions.)

Combine lines 2a, 2b, and 2c

Combine lines 1d and 2d. If the result is net income or zero, see the instructions for line 3. If

this line and line 1d are losses, go to line 4. Otherwise, enter -0- on line 9 and go to line 10

Note: Enter all numbers in Part II as positive amounts. (See instructions on page 8 for examples. )

Subtract line 6 from line 5

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

instructions

9

Combine lines 1a, 1b, and 1c

Part I

Part II

Part III

OMB No. 1545-1008 Passive Activity Loss Limitations

Form 8582

© See separate instructions. Department of the Treasury

Internal Revenue Service © Attach to Form 1040 or Form 1041.

Attachment

Sequence No. 88

Name(s) shown on return Identifying number

1994 Passive Activity Loss

Activities with net income (from Worksheet 1, column (a)) 1a 1a

b Activities with net loss (from Worksheet 1, column (b)) 1b

c Prior year unallowed losses (from Worksheet 1, column (c)) 1c

d 1d

All Other Passive Activities

2a Activities with net income (from Worksheet 2, column (a)) 2a

b Activities with net loss (from Worksheet 2, column (b)) 2b

c 2c

d

Prior year unallowed losses (from Worksheet 2, column (c))

3

3

Special Allowance for Rental Real Estate With Active Participation

4 Enter the smaller of the loss on line 1d or the loss on line 3 4

5 Enter $150,000. If married filing separately, see the instructions 5

6

6 Enter modified adjusted gross income, but not less than zero (see

instructions)

Note: If line 6 is equal to or greater than line 5, skip lines 7 and

8, enter -0- on line 9, and then go to line 10. Otherwise, go to 

line 7.

7 7

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

instructions

8

8

Enter the smaller of line 4 or line 8 9

Total Losses Allowed

10 10

11

11

Add the income, if any, on lines 1a and 2a and enter the total

Total losses allowed from all passive activities for 1994. Add lines 9 and 10. See the

instructions to find out how to report the losses on your tax return

For Paperwork Reduction Act Notice, see separate instructions. Form 8582 (1994)

2d

Cat. No. 63704F

( )

( )

( )

( )
Caution: The worksheets are not required to be filed with your tax return and may be detached before filing Form

8582. Keep a copy of the worksheets for your records.

Form 8582 (1994) Page 2

Worksheet 1—For Form 8582, Lines 1a, 1b, and 1c (See instructions on page 7.)

Current year Prior year Overall gain or loss

(c) Unallowed

loss (line 1c)

(b) Net loss

(line 1b)

(a) Net income

(line 1a) (d) Gain (e) Loss

Name of activity

Total. Enter on Form 8582, lines 1a,

1b, and 1c ©

Worksheet 2—For Form 8582, Lines 2a, 2b, and 2c (See instructions on page 8.)

Current year Prior year Overall gain or loss

(a) Net income

(line 2a)

(b) Net loss

(line 2b)

(c) Unallowed

loss (line 2c) (d) Gain (e) Loss

Name of activity

Total. Enter on Form 8582, lines 2a,

2b, and 2c ©

Worksheet 3—Use this worksheet if an amount is shown on Form 8582, line 9 (See instructions on page 8.)

(d) Subtract column

(c) from column (a)

(See instructions.)

(c) Special

allowance (See

instructions.)

(b) Ratio 

(See instructions.)

(a) Loss 

(See instructions.)

Form or schedule

to be reported on

Total © 1.00

Name of activity

Worksheet 4—Allocation of Unallowed Losses (See instructions on page 9.)

(c) Unallowed loss

(See instructions.)

(b) Ratio 

(See instructions.)

(a) Loss 

(See instructions.)

Form or schedule

to be reported on Name of activity

Total © 1.00

Worksheet 5—Allowed Losses (See instructions on page 9.)

(c) Allowed loss

(See instructions.)

(b) Unallowed loss

(See instructions.)

(a) Loss 

(See instructions.)

Form or schedule

to be reported on Name of activity

Total ©
Form 8582 (1994) Page 3

Worksheet 6—Activities With Losses Reported on Two or More Different Forms or Schedules (See instructions

on page 9.)

(a) 

(See instr.)

(b) 

(See instr.)

(c) Ratio 

(See instr.)

(d) Unallowed

loss (See instr.)

(e) Allowed loss

(See instr.)

Name of Activity:

Form or Schedule

To Be Reported on:

Net loss plus prior year unallowed

loss from form or schedule ©

1a

Net income from form or

schedule ©

b

Subtract line 1b from line 1a. If zero 

or less, enter -0- ©

c

Net loss plus prior year unallowed

loss from form or schedule ©

1a

Net income from form or

schedule ©

b

Subtract line 1b from line 1a. If zero 

or less, enter -0- ©

c

Net loss plus prior year unallowed

loss from form or schedule ©

1a

Net income from form or

schedule ©

b

c Subtract line 1b from line 1a. If zero 

or less, enter -0- ©

Total © 1.00

Form or Schedule

To Be Reported on:

Form or Schedule

To Be Reported on: