Tax Preparation Help  
Publication 925 2008 Tax Year

Form 8582 (2006) Page 2. Summary: This is an example of Form 8582 (2006), 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 15,000 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

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