. z, lewis OMB No. 1545-1008
on 8582 Passive Activity Loss Limitations PE —=——oeeer

> See separate instructions. 1991

Department of the Treasury Attachment
Internat Revenue Service > Attach to Form 1040 or Form 1041. Sequence No,

Namejs} shown on return Identifying number

1991 Passive Activity Loss
Caution: See the instructions for Worksheets 1 and 2 on pages 7 and 8 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.)

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

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

¢ Prior year unallowed losses (from Worksheet 1, column (c)) . . Lte 1 ) Ve
d_ Combine lines 1a,1b,andic . dd

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)) . 2... 2b |( )
¢ Prior year unallowed losses (from Worksheet 2, column (c)) . . L2¢ ( ) We
d_ Combine lines 2a, 2b, and 2c Fare er ee a ee 2

3 Combine lines 1d and 2d. If the result is net income or -0-, see the instructions for line 3. If this
line and line 1d are losses, go to line 4. Otherwise, enter -O- on line 9 and goto line 10. . . | 3

Ui §= Special Allowance for Rental Real Estate With Active Participation
Note: Treat al! numbers entered in Part Il as positive amounts. (See instructions on page 8 for examples.)

4 Enter the smalier of the loss on line 1d or the loss on line 3 rear E48

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

6 Enter modified adjusted gross income, but not less than -0- (see
instructions) . . . . §
Note: /f line 6 ts 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 Subtract line 6 from line 5. . 7 ZO
8 Multiply line 7 by 50% (.5). Do not enter more e than $25, 000. i married filing separately, see

instructions 2. oe : . L8
9 Enter the smaller of line 4 or line 8 wee a

i<jagus Total Losses Allowed

10 Add the income, if any, on lines 1a and 2aandenter the total . . . . . ..... . [10

11. Total losses allowed from all passive activities for 1991. Add lines 9 and 10. See the
instructions to find out how to report the losses on your taxreturn . we

For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 63704F Form 8582 (1991)

NOTE: WORKSHEETS 1-6 WILL APPEAR IN PUB. 1132, VOL. III


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

Form 8582 (1991) detached before filing Form 8582. Keep a copy of the worksheets for your records. 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
Name of activity (a) Net i {b) Net I (c) Unall d
ja) Net income joss: (c) Unallowet it
(line 1a) (line 1b) loss (line 1c) (@) Gain (e) Loss
Total. Enter on Form 8582, lines 1a,
1b,andic. . . . >
Worksheet 2—For Form 3582, Lines 2a, 2b, and 2c (See instructions on page 8.)
Current year Prior year Overall gain or loss
Name of activity 1a) Neti (b) Net | (c) Unallowed
a) income jet loss: (Cc) inallower i
(line 2a) tine 25) | Westie zo) | _ (2) Gain (e) Loss
Totaj. Enter on Form 8582, lines 2a,
2b, and 2c,
Worksheet 3—Use this asrishest if an amount is shown on Form 8582, line 9 (See instructions on page 8.)
., (c) Special (d) Subtract column

Name of activity Tobe reported on | (Geelnetuctons) | Geeineructons) | stewancs See | te rom column (a
Total a 1.00
Worksheet 4—Allocation of Unallowed Losses (See instructions on page 9.) _

Name of activity Form or schedule {@) Loss {b) Ratio {c) Unallowed loss

to be reported on

{See instructions.) {See instructions.)

(See instructions.)

Total

>

1.00

Worksheet S—Allowed Losses Gee

instructions on 7 page 9.)

Name of activity

Form or schedule
to be reported on

{a} Loss
(See instructions.)

(b) Unaliowed loss
(See instructions.)

(c} Allowed loss
(See instructions.)

Total



Form 8582 (1991) Page 3
Worksheet 6—Activities With Losses Reported on Two or More Different Forms or Schedules (See instructions
on page 9.) _
Name of Activity: (a) (b) (c) Ratio (d) Unallowed | (e) Allowed loss
(See instr.) (See instr.) (See instr.) loss (See instr.) See instr.)
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 ta. if -0-
or less, enter -O- . fd
Form or Schedule
to be Reported on: .
ta Net loss plus prior year unallowed
loss from form or schedule . >
b Net income from form or
schedule. . . >
¢ Subtract line 1b from line a it -0-
or less, enter -0- . ld
Form or Schedule
to be Reported on:
1a Net {oss plus prior year unallowed
loss from form or schedule . >
b Net income from form or
schedule. 2 2. 2. 2 mh LL
¢ Subtract line 1b from tine ta! if -0-
or less, enter -0- >
Total od 1.00