Federal Tax Form 8582 - Passive Activity Loss Limitation

Tax Form 8582 is used by noncorporate taxpayers to figure the amount of any passive activity loss (PAL) for the current tax year.

A PAL occurs when total losses (including prior year unallowed losses) from all your passive activities exceed the total income from all your passive activities.

Generally, passive activities include:

• Trade or business activities in which you did not materially participate for the tax year
• Rental activities, regardless of your participation

PALs cannot be used to offset income from nonpassive activities. However, a special allowance for rental real estate activities may allow some losses even if the losses exceed passive income

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Form name	Instructions	Form
2007 Federal Tax Form 8582 - Passive Activity Loss Limitation
2006 Federal Tax Form 8582 - Passive Activity Loss Limitation	-
2005 Federal Tax Form 8582 - Passive Activity Loss Limitation	-