Federal Free Printable Form 8582-CR (Revised January 2012) for 2017 Federal Passive Activity Credit Limitations

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Passive Activity Credit Limitations
Form 8582-CR (Revised January 2012)

Form 8582-CR Passive Activity Credit Limitations ▶ See (Rev. January 2012) Department of the Treasury Internal Revenue Service Name(s) shown on return Part I OMB No. 1545-1034 separate instructions. ▶ Attach Attachment Sequence No. 89 to Form 1040 or 1041. Identifying number Passive Activity Credits Caution: If you have credits from a publicly traded partnership, see Publicly Traded Partnerships (PTPs) in the instructions. Credits From Rental Real Estate Activities With Active Participation (Other Than Rehabilitation Credits and Low-Income Housing Credits) (See Lines 1a through 1c in the instructions.) 1a . . . 1a b Prior year unallowed credits from Worksheet 1, column (b) . . . 1b Credits from Worksheet 1, column (a) . . . . . . . c Add lines 1a and 1b . . . . . . . . . . . . . . . . . . . . . . . . . Rehabilitation Credits From Rental Real Estate Activities and Low-Income Housing Credits for Property Placed in Service Before 1990 (or From Pass-Through Interests Acquired Before 1990) (See Lines 2a through 2c in the instructions.) 2a . . . 2a b Prior year unallowed credits from Worksheet 2, column (b) . . . 2b Credits from Worksheet 2, column (a) . . . . . . . c Add lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . Low-Income Housing Credits for Property Placed in Service After 1989 (See Lines 3a through 3c in the instructions.) 3a Credits from Worksheet 3, column (a) . . . . . . . . . . 3a b Prior year unallowed credits from Worksheet 3, column (b) . . . 3b c Add lines 3a and 3b . . . . . . . . . . . . . . . . . . . . . . . . . All Other Passive Activity Credits (See Lines 4a through 4c in the instructions.) 4a Credits from Worksheet 4, column (a) . . . . . . . . . . 4a b Prior year unallowed credits from Worksheet 4, column (b) . . . 4b c Add lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . . . . 5 Add lines 1c, 2c, 3c, and 4c . . . . . . . . . . . . . . . . . . . . . . . 6 Enter the tax attributable to net passive income (see instructions) . . . . . . . . . . 7 Subtract line 6 from line 5. If line 6 is more than or equal to line 5, enter -0- and see instructions Note: If your filing status is married filing separately and you lived with your spouse at any time during the year, do not complete Part II, III, or IV. Instead, go to line 37. Part II 1c 2c 3c 4c 5 6 7 Special Allowance for Rental Real Estate Activities With Active Participation Note: Complete this part only if you have an amount on line 1c. Otherwise, go to Part III. Enter the smaller of line 1c or line 7 . . . . . . . . . . . . . . . . . . . . Enter $150,000. If married filing separately, see instructions . . 9 Enter modified adjusted gross income, but not less than zero (see instructions). If line 10 is equal to or more than line 9, skip lines 11 through 15 and enter -0- on line 16 . . . . . . . . . . 10 11 Subtract line 10 from line 9 . . . . . . . . . . . . . 11 Multiply line 11 by 50% (.50). Do not enter more than $25,000. If 12 married filing separately, see instructions . . . . . . . . 12 13a Enter the amount, if any, from line 10 of Form 8582 . . . . . . . . . 13a b Enter the amount, if any, from line 14 of Form 8582 . . . . . . . . . 13b c Add lines 13a and 13b . . . . . . . . . . . . . . . 13c 8 9 10 14 15 Subtract line 13c from line 12 . . . . . . . . . . . . Enter the tax attributable to the amount on line 14 (see instructions) . . 14 . 16 Enter the smaller of line 8 or line 15 . . . . . For Paperwork Reduction Act Notice, see instructions. . . . . . . . . 8 . . . . . . . 15 . . . . . . . 16 Cat. No. 64641R Form 8582-CR (Rev. 01-2012) Page 2 Form 8582-CR (Rev. 01-2012) Part III Special Allowance for Rehabilitation Credits From Rental Real Estate Activities and Low-Income Housing Credits for Property Placed in Service Before 1990 (or From Pass-Through Interests Acquired Before 1990) Note: Complete this part only if you have an amount on line 2c. Otherwise, go to Part IV. 17 18 19 Enter the amount from line 7 . Enter the amount from line 16 Subtract line 18 from line 17. Part V . . . . . . . . 20 21 Enter the smaller of line 2c or line 19 . . . . . . . . . . . Enter $250,000. If married filing separately, see instructions to find out if you can skip lines 21 through 26 . . . . . . . . . 22 Enter modified adjusted gross income, but not less than zero. (See instructions for line 10.) If line 22 is equal to or more than line 21, skip lines 23 through 29 and enter -0- on line 30 . . . . . . . . If . . . . . zero, . . . . . . enter . . . . -0. . . . . here . . . . . . . . and on . . . . . . . . . . . . . . . . . . . . . lines 30 and 36, and then . . . . . . . . . . . . . go to . . 17 18 . . . . . . . 19 20 Subtract line 22 from line 21 . . . . . . . . . . . . . Multiply line 23 by 50% (.50). Do not enter more than $25,000. If married filing separately, see instructions . . . . . . . . 25a Enter the amount, if any, from line 10 of Form 8582 . . . . . . . . . 25a b Enter the amount, if any, from line 14 of Form 8582 . . . . . . . . . 25b c Add lines 25a and 25b . . . . . . . . . . . . . . . 26 Subtract line 25c from line 24 . . . . . . . . . . . . 27 Enter the tax attributable to the amount on line 26 (see instructions) 28 Enter the amount, if any, from line 18 . . . . . . . . . . 29 Subtract line 28 from line 27 . . . . . . . . . . . . . . 25c 26 27 28 . . . . . . . . . 29 30 . . . . . . . 30 If you completed Part III, enter the amount from line 19. Otherwise, subtract line 16 from line 7 . Enter the amount from line 30 . . . . . . . . . . . . . . . . . . . . . . Subtract line 32 from line 31. If zero, enter -0- here and on line 36 . . . . . . . . . . Enter the smaller of line 3c or line 33 . . . . . . . . . . . . . . . . . . . . Tax attributable to the remaining special allowance (see instructions) . . . . . . . . . Enter the smaller of line 34 or line 35 . . . . . . . . . . . . . . . . . . . . 31 32 33 34 35 36 . 21 22 23 23 24 Enter the smaller of line 20 or line 29 . Part IV . . . . . . . . . . . 24 . . Special Allowance for Low-Income Housing Credits for Property Placed in Service After 1989 Note: Complete this part only if you have an amount on line 3c. Otherwise, go to Part V. 31 32 33 34 35 36 Part V 37 Passive Activity Credit Allowed. Add lines 6, 16, 30, and 36. See instructions to find out how to report the allowed credit on your tax return and how to allocate allowed and unallowed credits if you have more than one credit or credits from more than one activity. If you have any credits from a publicly traded partnership, see Publicly Traded Partnerships (PTPs) in the instructions. Part VI 38 Passive Activity Credit Allowed 37 Election To Increase Basis of Credit Property 39 40 If you disposed of your entire interest in a passive activity or former passive activity in a fully taxable transaction, and you elect to increase your basis in credit property used in that activity by the unallowed credit that reduced your basis in the property, check this box. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ Name of passive activity disposed of ▶ Description of the credit property for which the election is being made ▶ 41 Amount of unallowed credit that reduced your basis in the property . . . . . . . . ▶$ Form 8582-CR (Rev. 01-2012)
Extracted from PDF file 2016-federal-form-8582-cr.pdf, last modified March 2009

More about the Federal Form 8582-CR Other Tax Credit TY 2016

We last updated the Passive Activity Credit Limitations in May 2017, so this is the latest version of Form 8582-CR, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form 8582-CR directly from TaxFormFinder. You can print other Federal tax forms here.

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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8582-CR from the Internal Revenue Service in May 2017.

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Form 8582-CR is a Federal Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

Historical Past-Year Versions of Federal Form 8582-CR

We have a total of four past-year versions of Form 8582-CR in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form 8582-CR

Form 8582-CR (Revised January 2012)

Passive Activity Credit Limitations 2015 Form 8582-CR

Form 8582-CR (Revised January 2012)

Passive Activity Credit Limitations 2012 Form 8582-CR

Form 8582-CR (Revised January 2012)

Passive Activity Credit Limitations 2011 Form 8582-CR

Form 8582-CR (Rev. 12-2009)


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