Form 8582 Passive Activity Loss Limitation

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Form

8582

Department of the Treasury
Internal Revenue Service (99)

Passive Activity Loss Limitations

OMB No. 1545-1008

2019

▶ See separate instructions.
to Form 1040, Form 1040-SR, or Form 1041.
▶ Go to www.irs.gov/Form8582 for instructions and the latest information.
▶ Attach

Attachment
Sequence No. 88
Identifying number

Name(s) shown on return

Part I

2019 Passive Activity Loss

DRAFT AS OF
June 28, 2019
DO NOT FILE

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.)
1a 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
)
2a Commercial revitalization deductions from Worksheet 2, column (a)
. . .
2a (
b Prior year unallowed commercial revitalization deductions from Worksheet 2,
column (b) . . . . . . . . . . . . . . . . . . . . . .
c Add lines 2a and 2b . . . . . . . . . . . . . . . . . . . .
All Other Passive Activities
3a Activities with net income (enter the amount from Worksheet 3, column (a)) .
b Activities with net loss (enter the amount from Worksheet 3, column (b)) . .
c Prior years’ unallowed losses (enter the amount from Worksheet 3, column (c))
d Combine lines 3a, 3b, and 3c . . . . . . . . . . . . . . . . .

2b (
. . .

3a
3b (
3c (
. . .

)

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2c (

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)

)
)

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3d

4

Combine lines 1d, 2c, and 3d. If this line is zero or more, stop here and include this form with your
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
5
6
7

8
9
10

Note: Enter all numbers in Part II as positive amounts. See instructions for an example.
Enter the smaller of the loss on line 1d or the loss on line 4 . . . . . . . . . . . . . .
Enter $150,000. If married filing separately, see instructions . . . . . .
6
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 . . . . . . . . . . . . . . . . .
Multiply line 8 by 50% (0.50). Do not enter more than $25,000. If married filing separately, see instructions
Enter the smaller of line 5 or line 9 . . . . . . . . . . . . . . . . . . . . . .
If line 2c is a loss, go to Part III. Otherwise, go to line 15.

Part III
11
12
13
14

5

9
10

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 .
12
Enter the loss from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . .
Reduce line 12 by the amount on line 10 . . . . . . . . . . . . . . . . . . . .
13
Enter the smallest of line 2c (treated as a positive amount), line 11, or line 13 . . . . . . . .
14

Part IV
15
16

Special Allowance for Rental Real Estate Activities With Active Participation

Total Losses Allowed

Add the income, if any, on lines 1a and 3a and enter the total . . . . . . . . . . . . . .
Total losses allowed from all passive activities for 2019. Add lines 10, 14, and 15. See instructions
to find out how to report the losses on your tax return . . . . . . . . . . . . . . . .

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 63704F

15
16
Form 8582 (2019)

Page 2

Form 8582 (2019)

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)
Prior years

Current year
Name of activity

(a) Net income
(line 1a)

(b) Net loss
(line 1b)

Overall gain or loss

(c) Unallowed
loss (line 1c)

(d) Gain

(e) Loss

DRAFT AS OF
June 28, 2019
DO NOT FILE

Total. Enter on Form 8582, lines 1a, 1b,
and 1c . . . . . . . . . . . ▶

Worksheet 2—For Form 8582, Lines 2a and 2b (see instructions)
(a) Current year
deductions (line 2a)

Name of activity

(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)
Prior years

Current year
Name of activity

(a) Net income
(line 3a)

(b) Net loss
(line 3b)

Overall gain or loss

(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.
Form or schedule
and line number
to be reported on
(see instructions)

Name of activity

Total

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(a) Loss

(b) Ratio

(c) Special
allowance

(d) Subtract
column (c) from
column (a)

1.00

▶

Worksheet 5—Allocation of Unallowed Losses (see instructions)
Form or schedule
and line number
to be reported on
(see instructions)

Name of activity

Total

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▶

(a) Loss

(b) Ratio

(c) Unallowed loss

1.00
Form 8582 (2019)

Page 3

Form 8582 (2019)

Worksheet 6—Allowed Losses (see instructions)
Form or schedule
and line number
to be reported on
(see instructions)

Name of activity

Total

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.

.

(a) Loss

(b) Unallowed loss

(c) Allowed loss

DRAFT AS OF
June 28, 2019
DO NOT FILE
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▶

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):

Net loss plus prior year unallowed
loss from form or schedule . ▶
b Net income from form or
schedule . . . . . . . ▶

1a

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):
Net loss plus prior year unallowed
loss from form or schedule . ▶
b Net income from form or
schedule . . . . . . . ▶

1a

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):
Net loss plus prior year unallowed
loss from form or schedule . ▶
b Net income from form or
schedule . . . . . . . ▶

1a

c
Total .

Subtract line 1b from line 1a. If zero or less, enter -0- ▶
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▶

1.00
Form 8582 (2019)