OMB No. 1545-1034
Form 8582-CR                               Passive Activity Credit Limitations
(Rev. December 2024)                                Attach to Form 1040, 1040-SR, or 1041.                              Attachment   
Department of the Treasury       Go to www.irs.gov/Form8582CR for instructions and the latest information.              Sequence No. 89
Internal Revenue Service
Name(s) shown on return                                                                                    Identifying number

Part I    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.)
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)   
(See Lines 2a through 2c in the instructions.)
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 
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      . . .   .      . . . .    .   . . . .   .    . .  . . .     .  .  .  . . .  .    .    3c 
All Other Passive Activity Credits (See Lines 4a through 4c in the instructions.)
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: 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   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    Multiply  line  11  by  50%  (0.50). 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 instructions.                         Cat. No. 64641R                   Form 8582-CR (Rev. 12-2024) 

Form 8582-CR (Rev. 12-2024)                                                                                                        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 Enter the smaller of line 2c or line 19 . .  . . . .    . . .    . .    . . .    .  .  . . . .                       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% (0.50). 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 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 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. 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   . .      .  .             37 
Part VI  Election To Increase Basis of Credit Property
38 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   . . . .    . . .    . .    . . .    .  .  . . . .      .  .           . .  . . . . .
39 Name of passive activity disposed of
40 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. 12-2024)