Publication 925: Passive Activity and At-Risk Rules;

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Form 8582 (2004) Page 2. Summary: This is an example of Form 8582 (2004), page 2, with items included as described in the text. Additionally, these line items are completed:

Name of activity	(a) Current year: Net income (line 1a)	(b) Current year: Net loss (line 1b)	(c) Prior years: Unallowed loss (line 1c)	(d) Overall gain or loss: Gain	(e) Overall gain or loss: Loss
Activity A	2,776	negative 45,000	negative 6,667		negative 18,891
Activity B		negative 11,600	negative 8,225		negative 19,825
Total. Enter on Form 8582, lines 1a, 1b, and 1c	2,776	negative 26,600	negative 14,892	(shaded area)	(shaded area)

Name of activity	(a) Current year: Net income (line 3a)	(b) Current year: Net loss (line 3b)	(c) Prior years: Unallowed loss (line 3c)	(d) Overall gain or loss: Gain	(e) Overall gain or loss: Loss
Partnership #1	4,000		negative 2,600	1,400
Partnership #4		negative 2,400	negative 1,500		negative 3,900
Total. Enter on Form 8582, lines 3a, 3b, and 3c	4,000	negative 2,400	negative 4,100	(shaded area)	(shaded area)

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)
Activity A	Schedule E, line 23	18,891	.487938	2,768	16,123
Activity B	Schedule E, line 23	19,825	.512062	2,905	16,920
Total		38,716	1.00	5,673	33,043

Name of activity	Form or schedule and line number to be reported on (see instructions)	(a) Loss	(b) Ratio	(c) Unallowed loss
Activity A	Schedule E, line 23	16,123	.436429	15,512
Activity B	Schedule E, line 23	16,920	.458003	16,279
Partnership #4	Schedule E, line 28D	3,900	.105568	3,752
Total		36,943	1.00	35,543