com 8582-CR Passive Activity Credit Limitations OMB No. 1545-1034
> See separate instructions. 7

Department of the Treasury > Attach to Forms 1040, 1041, or 1120 (personal service Attachment

Internal Revenue Service corporations and closely held C corporations). Sequence No. 88a

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

Computation of 1987 Passive Activity Credits
Caution: See the worksheets on pages 2 and 3 of the instructions. If you have credits from a publicly traded partnership, see page 6.

Rental Real Estate Activities With Active Participation
(See the definition of active participation under Rental activities on page 1 of the instructions.)

la Credits from activities acquired before 10-23-86. . . . . 2... la
b Credits from activities acquired after 10-22-86 . ...... . .Lib
c¢ Addlineslaandib .

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

2a Credits from activities acquired before 10-23-86. . . . 1... 1. 2a
b Credits from activities acquired after 10-22-86... ..... .L2d
c Addlines2aand2b . . . se er

All Other Passive Activity Credits (See lines 3a and 3b on page 3 of the instructions.)

3a Credits from activities acquired before 10-23-86. . . . 2. 1 we 3a

b Credits from activities acquired after 10-22-86 . ....... .(3b UL,
c Addlines3aand3b 0 ee ee es 88
4 Addlinesic,2c,and3c. . . . Se ee ee ee LA
5 Enter the tax attributable to net passive income (see instructions). 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 1c shows an amount, go to Part Il. Otherwise, go to Part Ill if line 2c shows an
amount. If both 1c and 2care-O-orblank,gotoPartIV. . . . . 6

[ Part 11] Computation of the Special Allowance for Rental Real Estate ‘Activities V With Active > Participation
Note: See the Instructions for Part Il to see who should complete this Part.

7 Enterthesmalleroflinelcorline6 . . . . . See ee Le
8 Enter $150,000 ($75,000 if married fling separately and you ‘lived ert
for the entire year) . . .L&
9 Enter modified adjusted gross income, but not less than o. (See
instructions.) If line 9 is equal to or greater than line 8, skip lines 10
through 14andenter-O-online1S5 . 2... 1... LD I
10 SubtractlineQfromline8 . . . . . Lo
11 Multiply line 10 by 50% (.5). Do not enter more sthan $25, 000 ($12; 500 if
married filing separately and you lived apart forthe entire year) . . . . | 22
12 Enterthe amount, if any, from line9 ofForm8582.. . . . . . . . {32
13 Subtractline12fromlinell . 2... 1... ..... . U8
14 Enter the tax attributable to the amount on line 13. (See instructions.) . . . . . . . ~~. . [44

15 Enter the smaller of line 7 or line 14. If you have an amount on line 2c, go to Part Ill; otherwise, go to Part IV 15
For Paperwork Reduction Act Notice, see separate instructions. Form 8582-CR (1987)



Form 8582-CR (1987)

Page 2

From Rental Real Estate Act!
Note: /f you do not have an amount on line 2c skip Part Ill and go to Part IV.

Computation of the Special Allowance for Rehabilitation Investment Credits and Low-Income Housing Credits
ies (See the instructions for Part III to see who should complete this Part.)

16

17

18

19
20

Enterthe amount fromline6 . 6. ee ee ee LG
EntertheamountfromlineI5. 2. 1 ee : oe. [82
Subtract line 17 from line 16. If-O-, enter the amount from line 15, if any, on line 30 and then gotoline40 |18

Enter the smaller ofline2corline18. 2 6 2. ee ee LD

Enter $250,000 ($125,000 if married filing separately and you lived apart
for the entire year). (See instructions to see if you can skip lines 20
through25.). 0 ee LO

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 Y
20, skip lines 22 through 28, enter -O- on line 29, and then go to line 30. Y
Otherwise, gotoline22.. . . 21 _¥
22 Subtractline21lfromline20 . . . 2... ee LR?
23 © Multiply line 22 by 50% (.5). Do not enter more than $25,000 ($12,500 if
married filing separately and you lived apart forthe entire year) . . . .|_23
24 Enter the amount, if any, from line9 of Form 8582. . . . . . . .L24
25 Subtractline 24 fromline23 . . . . (25
26 Enter the tax attributable to the amount on line 25. (Gee instructions.) . . 126
27 Entertheamountfromline17,ifany. . . . . ...... . «L282
28 Subtractline 27 fromline26 2 2 6 we ee LB
29 _Enterthesmallerofline19orline28. . oe | 29

Computation of Passive Activity Credit Allowed

30

31

32

33

35
36
37
38
39

40

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

Addlines1a,2a,and3a. . . ee ee LD

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

Subtract line 32 from line 31. If line 32 is equal to or greater than line 31, enter -O- 33
If line 1a or 15 is -O- or blank, enter -O-. Otherwise, see instructions for

line34a.. . . a Soe . . [34a

If line 2a or 29 is -0- or blank, enter -0-. Otherwise, see instructions for

line 34b ee [34b

Addlines34aand34b . . 2... Ce 35
Subtract line 35 from line 33. If line 35 is equal to or greater than line 33,enter-O-. . . . . . . [36
Subtract line 30 fromline6. 2. es [SZ
Enter the smaller of line 36 orline37. . . er . [38
Multiply line 38 by 65% (.65)andentertheresult. . 2 2... 1... 1...» [39

Passive Activity Credit Allowed. Add lines 5, 30, and 39. See page 6 of the instructions 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 s 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.

J