LO 3.2 4. Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2010, his share of the loss from the limited partnership was $12,000, and his loss from the rental condo was $16,000.

Assuming Clifford’s modified adjusted gross income is $120,000 for 2010, complete Form 8582 on page 3-39.