pdf2json

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