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Form 8582
Department of the Treasury Internal Revenue Service (99)
Passive Activity Loss Limitations
? See separate instructions. ? Attach to Form 1040 or Form 1041.
OMB No. 1545-1008
2011
Attachment Sequence No. 88
Name(s) shown on return
Identifying number
Part I
2011 Passive Activity Loss
Caution: Complete Worksheets 1, 2, and 3 before completing Part I.
Rental Real Estate Activities With Active Participation (For the definition of active participation, see Special Allowance for Rental Real Estate Activities in the instructions.)
1
a
Activities with net income (enter the amount from Worksheet 1, column (a))..................
1a
b
Activities with net loss (enter the amount from Worksheet 1, column(b)).....................
1b
(
)
c
Prior years unallowed losses (enter the amount from Worksheet 1, column (c))..................
1c
(
)
d
Combine lines 1a, 1b, and 1c......................
1d
Commercial Revitalization Deductions From Rental Real Estate Activities
2
a
Commercial revitalization deductions from Worksheet 2, column (a).
2a
(
)
b
Prior year unallowed commercial revitalization deductions from Worksheet 2, column (b)..............
2b
(
)
c
Add lines 2a and 2b.........................
2c
(
)
All Other Passive Activities
3
a
Activities with net income (enter the amount from Worksheet 3, column (a))..................
3a
b
Activities with net loss (enter the amount from Worksheet 3, column(b)).....................
3b
(
)
c
Prior years unallowed losses (enter the amount from Worksheet 3, column (c))..................
3c
(
)
d
Combine lines 3a, 3b, and 3c......................
3d
4
Combine lines 1d, 2c, and 3d. If this line is zero or more, stop here and include this form withyour return; all losses are allowed, including any prior year unallowed losses entered on line 1c, 2b, or 3c. Report the losses on the forms and schedules normally used........
4
If line 4 is a loss and:
• Line 1d is a loss, go to Part II.
• Line 2c is a loss (and line 1d is zero or more), skip Part II and go to Part III.
• Line 3d is a loss (and lines 1d and 2c are zero or more), skip Parts II and III and go to line 15.
Caution: 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 or Part III. Instead, go to line 15.
Part II
Special Allowance for Rental Real Estate Activities With Active Participation
Note: Enter all numbers in Part II as positive amounts. See instructions for an example.
5
Enter the smaller of the loss on line 1d or the loss on line 4............
5
6
Enter $150,000. If married filing separately, see instructions..
6
7
Enter modified adjusted gross income, but not less than zero (see instructions)
7
Note: If line 7 is greater than or equal to line 6, skip lines 8 and 9, enter -0- on line 10. Otherwise, go to line 8.
8
Subtract line 7 from line 6 .............
8
9
Multiply line 8 by 50% (.5). Do not enter more than $25,000. If married filing separately, see instructions
9
10
Enter the smaller of line 5 or line 9 ....................
10
If line 2c is a loss, go to Part III. Otherwise, go to line 15.
Part III
Special Allowance for Commercial Revitalization Deductions From Rental Real Estate Activities
Note: Enter all numbers in Part III as positive amounts. See the example for Part II in the instructions.
11
Enter $25,000 reduced by the amount, if any, on line 10. If married filing separately, see instructions
11
12
Enter the loss from line 4........................
12
13
Reduce line 12 by the amount on line 10 ..................
13
14
Enter the smallest of line 2c (treated as a positive amount), line 11, or line 13......
14
Part IV
Total Losses Allowed
15
Add the income, if any, on lines 1a and 3a and enter the total............
15
16
Total losses allowed from all passive activities for 2011. Add lines 10, 14, and 15. See instructions to find out how to report the losses on your tax return...........
16
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 63704F
Form 8582 (2011)
Form 8582 (2011)
Page 2
Caution: The worksheets must be filed with your tax return. Keep a copy for your records.
Worksheet 1—For Form 8582, Lines 1a, 1b, and 1c (See instructions.)
Name of activity
Current year
Prior years
Overall gain or loss
(a) Net income (line 1a)
(b) Net loss (line 1b)
(c) Unallowed loss (line 1c)
(d) Gain
(e) Loss
Total. Enter on Form 8582, lines 1a, 1b, and 1c...........?
Worksheet 2—For Form 8582, Lines 2a and 2b (See instructions.)
Name of activity
(a) Current year deductions (line 2a)
(b) Prior year unallowed deductions (line 2b)
(c) Overall loss
Total. Enter on Form 8582, lines 2a and 2b ............?
Worksheet 3—For Form 8582, Lines 3a, 3b, and 3c (See instructions.)
Name of activity
Current year
Prior years
Overall gain or loss
(a) Net income (line 3a)
(b) Net loss (line 3b)
(c) Unallowed loss (line 3c)
(d) Gain
(e) Loss
Total. Enter on Form 8582, lines 3a, 3b, and 3c...........?
Worksheet 4—Use this worksheet if an amount is shown on Form 8582, line 10 or 14 (See instructions.)
Name of activity
Form or schedule and line number to be reported on (see instructions)
(a) Loss
(b) Ratio
(c) Special allowance
(d) Subtract column (c) from column (a)
Total .................?
Worksheet 5—Allocation of Unallowed Losses (See instructions.)
Name of activity
Form or schedule and line number to be reported on (see instructions)
(a) Loss
(b) Ratio
(c) Unallowed loss
Total ...................?
Form 8582 (2011)
Form 8582 (2011)
Page 3
Worksheet 6—Allowed Losses (See instructions.)
Name of activity
Form or schedule and line number to be reported on (see instructions)
(a) Loss
(b) Unallowed loss
(c) Allowed loss
Total ...................?
Worksheet 7—Activities With Losses Reported on Two or More Forms or Schedules (See instructions.)
Name of activity:
(a)
(b)
(c) Ratio
(d) Unallowed loss
(e) Allowed loss
Form or schedule and line number to be reported on (see instructions):
1a
Net loss plus prior year unallowed loss from form or schedule.?
b
Net income from form or schedule.......?
c
Subtract line 1b from line 1a. If zero or less, enter -0- ?
Form or schedule and line number to be reported on (see instructions):
1a
Net loss plus prior year unallowed loss from form or schedule.?
b
Net income from form or schedule.......?
c
Subtract line 1b from line 1a. If zero or less, enter -0- ?
Form or schedule and line number to be reported on (see instructions):
1a
Net loss plus prior year unallowed loss from form or schedule.?
b
Net income from form or schedule.......?
c
Subtract line 1b from line 1a. If zero or less, enter -0- ?
Total..................?
Form 8582 (2011)

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Form 8582
Passive xxxxxxx Loss Limitations
Attachment Sequence xxxxxxx 88
Name(s) xxxxxxx on return
Part xxxxxxx /> 2011 Passive xxxxxxx Loss
Caution: xxxxxxx Worksheets xxxxxxx xxxxxxx and 3 xxxxxxx completing Part xxxxxxx /> Rental Real xxxxxxx Activities With xxxxxxx Participation (For xxxxxxx definition of xxxxxxx xxxxxxx see xxxxxxx Allowance for xxxxxxx Real Estate xxxxxxx in xxxxxxx xxxxxxx /> 1
a
b
Activities xxxxxxx xxxxxxx loss xxxxxxx the amount xxxxxxx Worksheet 1, xxxxxxx /> 1b
c
Prior xxxxxxx unallowed losses xxxxxxx the amount xxxxxxx Worksheet 1, xxxxxxx (c))..................
1c
)
d
Commercial Revitalization xxxxxxx From xxxxxxx xxxxxxx Estate Activities
a
Commercial xxxxxxx deductions from xxxxxxx 2, column xxxxxxx /> 2a
(
b
Prior xxxxxxx xxxxxxx commercial xxxxxxx deductions from xxxxxxx 2, column xxxxxxx /> 2b
c
Add xxxxxxx 2a and xxxxxxx /> 2c
(
All Other xxxxxxx Activities
3
Activities with xxxxxxx xxxxxxx (enter xxxxxxx amount from xxxxxxx 3, column xxxxxxx /> 3a
3b
)
c
(
Combine lines xxxxxxx 3b, and xxxxxxx /> 3d
4
If xxxxxxx xxxxxxx is a xxxxxxx and:
• xxxxxxx 1d is xxxxxxx loss, go xxxxxxx Part II.
Caution: If xxxxxxx filing status xxxxxxx married filing xxxxxxx and you xxxxxxx with your xxxxxxx at any xxxxxxx xxxxxxx the xxxxxxx do not xxxxxxx Part II xxxxxxx Part xxxxxxx xxxxxxx go to xxxxxxx 15.
Part xxxxxxx /> Special Allowance xxxxxxx Rental Real xxxxxxx Activities With xxxxxxx Participation
Note: xxxxxxx xxxxxxx numbers xxxxxxx Part II xxxxxxx positive amounts. xxxxxxx instructions xxxxxxx xxxxxxx example.
5
Enter xxxxxxx If married xxxxxxx separately, see xxxxxxx /> 6
Note: If xxxxxxx 7 is xxxxxxx xxxxxxx or xxxxxxx to line xxxxxxx skip lines xxxxxxx and xxxxxxx xxxxxxx -0- on xxxxxxx 10. Otherwise, xxxxxxx to line xxxxxxx /> 8
Subtract xxxxxxx 7 from xxxxxxx 6 .............
Multiply xxxxxxx 8 by xxxxxxx (.5). Do xxxxxxx enter xxxxxxx xxxxxxx $25,000. If xxxxxxx filing separately, xxxxxxx instructions
9
Enter the xxxxxxx of line xxxxxxx or line xxxxxxx xxxxxxx /> 10
Special xxxxxxx for Commercial xxxxxxx Deductions From xxxxxxx Real Estate xxxxxxx xxxxxxx Enter xxxxxxx numbers in xxxxxxx III as xxxxxxx amounts. xxxxxxx xxxxxxx example for xxxxxxx II in xxxxxxx instructions.
11
11
Enter xxxxxxx xxxxxxx from line xxxxxxx /> 12
13
13
14
14
Part xxxxxxx /> Total Losses xxxxxxx /> 15
Add xxxxxxx income, if xxxxxxx on lines xxxxxxx xxxxxxx 3a xxxxxxx enter the xxxxxxx /> 15
16
16
Cat. No. xxxxxxx /> Form 8582 xxxxxxx /> Form 8582 xxxxxxx /> Page 2
Worksheet 1—For xxxxxxx 8582, Lines xxxxxxx 1b, and xxxxxxx (See instructions.)
Prior xxxxxxx xxxxxxx gain xxxxxxx loss
(a) xxxxxxx income (line xxxxxxx /> (b) xxxxxxx xxxxxxx (line 1b)
(d) xxxxxxx /> (e) Loss
Worksheet 2—For xxxxxxx 8582, Lines xxxxxxx and xxxxxxx xxxxxxx instructions.)
Name xxxxxxx activity
(a) xxxxxxx year deductions xxxxxxx 2a)
(b) xxxxxxx year unallowed xxxxxxx (line 2b)
Worksheet 3—For xxxxxxx 8582, Lines xxxxxxx 3b, and xxxxxxx (See instructions.)
Prior xxxxxxx xxxxxxx gain xxxxxxx loss
(a) xxxxxxx income (line xxxxxxx /> (b) xxxxxxx xxxxxxx (line 3b)
(d) xxxxxxx /> (e) Loss
Worksheet 4—Use xxxxxxx worksheet if xxxxxxx amount xxxxxxx xxxxxxx on Form xxxxxxx line 10 xxxxxxx 14 (See xxxxxxx /> Name of xxxxxxx /> Form or xxxxxxx and line xxxxxxx xxxxxxx be xxxxxxx on (see xxxxxxx /> (a) Loss
(d) xxxxxxx column (c) xxxxxxx column (a)
Worksheet xxxxxxx of Unallowed xxxxxxx (See instructions.)
(b) xxxxxxx /> (c) Unallowed xxxxxxx /> Total ...................?
Worksheet xxxxxxx Losses (See xxxxxxx /> Name of xxxxxxx /> Form xxxxxxx xxxxxxx and line xxxxxxx to be xxxxxxx on (see xxxxxxx /> (a) Loss
Worksheet xxxxxxx With Losses xxxxxxx on Two xxxxxxx More xxxxxxx xxxxxxx Schedules (See xxxxxxx /> Name of xxxxxxx /> (a)
(b)
(d) xxxxxxx loss
(e) xxxxxxx loss
Form xxxxxxx xxxxxxx and xxxxxxx number to xxxxxxx reported on xxxxxxx instructions):
b
Form xxxxxxx schedule and xxxxxxx number to xxxxxxx reported on xxxxxxx instructions):
1a
b
Subtract line xxxxxxx from line xxxxxxx If zero xxxxxxx less, enter xxxxxxx ?
Form xxxxxxx xxxxxxx and xxxxxxx number to xxxxxxx reported on xxxxxxx instructions):
b
Total..................?

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