Form 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. Sequence No. 88a
Name(s) shown on return Identifying number
Part I 1992 Passive Activity Credits
Caution: If you have credits from a publicly traded partnership, see Publicly Traded Partnerships (PTPs) on page 14
of the instructions.
Credits From Rental Real Estate Activities With Active Participation (Other Than Rehabilitation
Credits and Low-Income Housing Credits) (See the instructions for lines 1a through 1c on
page 9.)
1a Credits from Worksheet 1, column (a) 1a
b Prior year unallowed credits from Worksheet 1, column (b) 1b
c Add lines 1a and 1b 1c
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 the instructions for lines 2a through 2c on page 9.)
2a Credits from Worksheet 2, column (a) 2a
b Prior year unallowed credits from Worksheet 2, column (b) 2b
c Add lines 2a and 2b 2c
Low-Income Housing Credits for Property Placed in Service After 1989 (See the instructions for
lines 3a through 3c on page 9.)
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 3c
AllOther Passive Activity Credits (See the instructions for lines 4a through 4c on page 9.)
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 4c
5 Add lines 1c, 2c, 3c, and 4c 5
6 Enter the tax attributable to net passive income (see instructions) 6
7 Subtract line 6 from line 5. If line 6 is more than or equal to line 5, enter -0- and see the instructions 7
Part II Special Allowance for Rental Real Estate Activities With Active Participation
Note: Complete Part II if you have an amount on line 1c. Otherwise, go to Part IIl.
8 Enter the smaller of line 1c or line 7 8
9 Enter $150,000. If married filing separately, see instructions 9
10 Enter modified adjusted gross income, but not less than zero (see
instructions). If line 10 is equal to or greater than line 9, skip lines 11
through 15 and enter -0- on line 16 10
11 Subtract line 10 from line 9 11
12 Multiply line 11 by 50% (.5). Do not enter more than $25,000. If married
filing separately, see instructions 12
13 Enter the amount, if any, from line 9 of Form 8582 13
14 Subtract line 13 from line 12 14
15 Enter the tax attributable to the amount on line 14 (see instructions) 15
16 Enter the smaller of line 8 or line 15 16
For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 64641R Form 8582-CR (1992)
Form 8582-CR (1992) Page 2
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 Part III if you have an amount on line 2c. Otherwise, go to Part IV.
17 Enter the amount from line 7 17
18 Enter the amount from line 16 18
19 Subtract line 18 from line 17. If zero, enter -0- here and on lines 30 and 36, and then go to
Part V 19
20 Enter the smaller of line 2c or line 19 20
21 Enter $250,000. If married filing separately, see instructions. (See
instructions to see if you can skip lines 21 through 26.) 21
22 Enter modified adjusted gross income, but not less than zero. (See
instructions for Part II, line 10.) If line 22 is equal to or greater than line
21, skip lines 23 through 29, and enter -0- on line 30 22
23 Subtract line 22 from line 21 23
24 Multiply line 23 by 50% (.5). Do not enter more than $25,000. If married
filing separately, see instructions 24
25 Enter the amount, if any, from line 9 of Form 8582 25
26 Subtract line 25 from line 24 26
27 Enter the tax attributable to the amount on line 26 (see instructions) 27
28 Enter the amount, if any, from line 18 28
29 Subtract line 28 from line 27 29
30 Enter the smaller of line 20 or line 29 30
Part IV Special Allowance for Low-Income Housing Credits for Property Placed in Service After 1989
Note: Complete Part IV if you have an amount on line 3c. Otherwise, go to Part V.
31 Enter the amount from line 19 if you completed Part III. Otherwise, subtract line 16 from line 7 31
32 Enter the amount from line 30 32
33 Subtract line 32 from line 31. If zero, enter -0- here and on line 36 33
34 Enter the smaller of line 3c or line 33 34
35 Tax attributable to the remaining special allowance (see instructions) 35
36 Enter the smaller of line 34 or line 35 36
Part V Passive Activity Credit Allowed
37 Passive Activity Credit Allowed. Add lines 6, 16, 30, and 36. If you have any credits from a
publicly traded partnership, see Publicly Traded Partnerships (PTPs) on page 14 of the
instructions 37
Note: Use Worksheets 5 through 9, 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 for ms.