SuperCalc ver.  1.12
 IRS FORM 8582 for 1987        Ed Smith, Canoga Park, CA
" IRS FORM 8582 for 1987        Ed Smith, Canoga Park, CA
"   12/29/87
"(to print Form 8582, use A7:K62)
"For this file to compute properly, type 12500 in H4 ONLY IF you were
"married filing sep. & you lived apart entire year;
"---->
25000
"otherwise 25000 has already been entered.
"Form 8582            PASSIVE ACTIVITY LOSS LIMITATIONS                1987
"Name(s)
2    
"............?..............................
"ID. #
......?
"....?...........................
'-----
.....
"PART I  Computation of 1987 Passive Activity Loss (see workshts on P.4)
"Rental Real Estate Activities with ACTIVE participation (see P.1)
"    Activities acquired before 10/23/86:
"1a  Activities with net income                     | 1a|
".....?.....
"|   |
.....
"1b  Activities with net loss                       | 1b|
".....?.....
"|   |
.....
"1c  Combine lines 1a & 1b                          | 1c|
H15+H16
"|   |
"    Activities acquired after 10/22/86:
     
"|   |
tivitie
"1d  Activities with net income                     | 1d|
".....?.....
"|   |
.....
"1e  Activities with net loss                       | 1e|
".....?.....
"|   |
.....
"1f  Combine lines 1d & 1e                          | 1f|
H19+H20
"|   |
"1g  Net income or loss.  Combine lines 1c & 1f.
   | 
"| 1g|
t incom	
H17+H21
"All Other Passive Activities (see P.3)
1c & 1
"|   |
her Pas
"    Activities acquired before 10/23/86:
"|   |
tivitie
"2a  Activities with net income                     | 2a|
".....?.....
"|   |
tivitie
"2b  Activities with net loss                       | 2b|
".....?.....
"|   |
tivitie
"2c  Combine lines 2a & 2b                          | 2c|
H26+H27
"|   |
mbine l
"    Activities acquired after 10/22/86:
     
"|   |
tivitie
"2d  Activities with net income                     | 2d|
".....?.....
"|   |
tivitie
"2e  Activities with net loss                       | 2e|
".....?.....
"|   |
tivitie
"2f  Combine lines 2d & 2e                          | 2f|
H30+H31
"|   |
mbine l
"2g  Net income or loss.  Combine lines 2c & 2f.
   | 
"| 2g|
t incom	 
H28+H32
"3  Combine lines 1g & 2g.  If a plus, see instr; if both are losses
"|   |
bine li	" 
"I must read
"   go to ln 4; otherwise enter 0 on ln 9 and go to line 10.
"| 3 |
to ln 4	#
J22+J33
"instructions
"for lines 3 & 6
2500,
"PART II - Comp. of Spec. Allowance for R.E. with Active Participation
"before
 - Com
"completing j33
 of Sp
"4  Enter smaller of loss on lines 1g or 3.    >     >    >    >
ation
"| 4 |
er smal	'
MIN(J22,J36)
ss on l
"and J40 onward
 of Sp
"5  Enter $150,000 (or 75,000 - see instr)          | 5 |
IF(H4=12500,75000,150000)
"|   |
r $150
"6  Enter mod. adj. gross inc (not < 0)(see instr)  | 6 |
"     ?
r mod.
"|   |
r mod.
"7  subtract line 6 from 5.                         | 7 |
IF(H42>H41,H42-H41,0)
"|   |
"8  Mult.line 7 by 50%. Enter not more than $25000; see instr
"| 8 |
t.line 	+
IF(H4=125000,MIN((H43*.5),12500),MIN((H43*.5),25000))
 on P.
"9  Enter the smaller of lines 4 or 8.
than $2
"| 9 |
er the 	,
IF(AND(J36<0,J22<0),MIN(J40,J44),IF(OR(J36>0,J22>0),0))
"PART III - Computation of Passive Activity Loss Allowed
2>0),
"10  Combine lines 1c + 2c.  If a zero or net income, skip to ln 16.
"| 10|
mbine l	0
IF(H17+H28<0,H17+H28,NA)
"11a If line 9 is zero, enter zero & go to line 12
IF(J49>=0,NA,IF(J45=0,0,MIN(H17,J44)))
"|   |
IF(J	1 
"11b If line 1c has inc or no entry or zero, enter 0 & go to line 12;
"|   |
 line 1	2 
"    otherwise, enter the smaller of line 1c or line 8.
o to l
"| 11|
herwise	3
IF(J49>=0,NA,IF(H50=0,NA,IF(H17>=0,0,MIN(H17,J44))))
ne 12;
"12  Subtract line 11 from line 10 (see instr)
MIN(H17
"| 12|
btract 	4
IF(J49>=0,NA,J49-J52)
10 (se
"13  Subtract line 9 from line 3 (see instr)
"| 13|
btract 	5
IF(J49>=0,NA,J36-J45)
 (see 
"14  Enter smaller of line 12 or 13
"| 14|
ter sma	6
IF(J49>=0,NA,MIN(J53,J54))
"15  Multiply line 14 by 65% and enter result
"| 15|
ltiply 	7
IF(J49>=0,NA,J55*.65)
 enter
"16  Enter the amt from line 9
 enter
"| 16|
ter the	8
 amt fro
"17  PASSIVE ACTIVITY LOSS ALLOWED FOR 1987.  Add lines 15 +16.
e 12;
"| 17|
SSIVE A	9
J56+J57
"18  Add income, if any, on lines 1a, 1d, 2a, and 2d. Enter result.
"| 18|
d incom	:
H15+H19+H26+H30
"19  TOTAL LOSSES ALLOWED FROM ALL PASSIVE ACTIVITIES FOR 1987. Add
"|   |
TAL LOS	; 
"    lines 17 & 18. See P.4 of instr.on how to report losses on ret.
"| 19|
nes 17 	<
J58+J59