Dr. George E. Beeper is a single taxpayer born on September 22, 1970. He lives at 45 Mountain View Dr., Apt. 321, Spokane, WA 99210. Dr. Beeper's Social Security number is 775-88-9531. Dr. Beeper's works for the Pine Medical Group. Dr. Beeper owns a rental house located at 672 Lake Street, Spokane, WA 99212. The house rents for $1,000 per month and was rented for the entire year. The following are the related expenses for the rental house: Real estate taxes $5,800 Mortgage interest 14,500 2,225 Insurance Depreciation (assume fully depreciated) Repairs 550 1,980 Maintenance The house was purchased on July 5, 1983. Dr. Beeper handles all rental activities (e.g., rent collection, finding tenants, etc.) himself. In 2018, Dr. Beeper sold his primary residence as he wished to move to an apartment to avoid the maintenance and upkeep of a single-family home. Dr. Beeper's home sold on February 12, 2018 for $345,000 net after commissions. He acquired the home on June 3, 2000 for $260,000 and had made improvements of $10,000. Dr. Beeper was divorced in 2012. The divorce decree requires Dr. Beeper to pay his ex-wife, Meredith Gray (Social Security number 333-45-1234), $800 per month. Dr. Beeper made all his monthly alimony payments in 2018. Required: Complete Form 1040 and the schedules and forms provided for Dr. Beeper. The taxpayer had health coverage for the entire year. The taxpayer does not want to make contribution to the presidential election campaign. . Do not complete Form 4562 for reporting depreciation. Make realistic assumptions about any missing data. If an amount box does not require an entry or the answer is zero, enter "O". If required, round any amount to the nearest dollar. Enter all amounts as positive numbers except for the following special instructions: If required, on Form 1040, line 17 and on Schedule E, on lines 21, 25, and 26, use the minus sign to indicate a loss. On Form 8582, if required, use the minus sign to enter a a Employee's social security number 775-88-9531 OMB No. 1545-0008 Safe, accurate, FAST! Use IRS e file Visit the IRS website at www.lrs.gov/efile b Employer identification number (EIN) 36-1389676 1 Wages, tips, other compensation 132,400.00 2 Federal income tax withheld 21,000.00 4 3 Social security wages 128,400.00 Social security tax withheld 7,960.80 c Employer's name, address, and ZIP code Pine Medical Group 800 W. 7th Avenue Spokane, WA 92204 5 Medicare wages and tips 132,400.00 6 Medicare tax withheld 1,919.80 7 Social security tips 8 Allocated tips d Control number 9 Verification code 10 Dependent care benefits Suff. 11 Nonqualified plans 12a See instructions for box 12 e Employee's first name and initial Last name George Beeper 45 Mountain View Drive, Apt #321 Spokane, WA 99210 DD 5,700.00 13 Statutory employee 0 Retirement Third-party plan sick pay 0 0 14 Other 1 Wages, salaries, tips, etc. Attach Form(s) W-2 132,400 2a 3a 2b 3b 4a Attach Form(s) W- 2. Also attach Form(s) W-2G and 1099-R if tax was withheld. Tax-exempt interest b Taxable interest Qualified dividends b Ordinary dividends IRAS, pensions, and b Taxable amount annuities Social security benefits 5a b Taxable amount Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 | -13,055 5a 6 119,345 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, line 36, from line 6........... 109,745 12,000 8 Standard deduction or itemized deductions (from Schedule A) ......... 9 Qualified business income deduction (see instructions) ........ 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-O-.... 97,745 11 Standard Deduction for Single or married filing separately, $12,000 Married filing jointly or Qualifying widow(er), $24,000 Head of household, $18,000 If you checked any box under Standard deduction, see instructions. a Tax (see inst) (check if any from: 1 Form(s) 8814 2 Form 4972 30 b Add any amount from Schedule 2 and check here ....... a Child tax credit/credit for other dependents b Add any amount from Schedule 3 and check here ....... ....... Subtract line 12 from line 11. If zero or less, enter -O-..... 13 ..... 14 Other taxes. Attach Schedule 4 ...... 15 Total tax. Add lines 13 and 14 ......... 16 Federal income tax withheld from Forms W-2 and 1099........... 21,000 17 b Sch 8812 Refundable credits: a EIC (see inst.) c Form 8863 . If you checked any box under Standard deduction, see instructions. 14 15 Other taxes. Attach Schedule 4 . Total tax. Add lines 13 and 14 ........ | 21,000 V 16 17 Federal income tax withheld from Forms W-2 and 1099.... Refundable credits: a EIC (see inst.) _ b Sch 8812 c Form 8863 Add any amount from Schedule 5 18 Add lines 16 and 17. These are your total payments ..................... 21,000 Refund 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid ........ 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here 20a Direct deposit? Routing number c Type: Checking Savings See instructions. d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax ................. Amount 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions ........ You Owe 23 Estimated tax penalty (see instructions) ..... 23 Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040 (2018) UMU TU. IJTJPUUT Additional Income and Adjustments to Income 2018 SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service Attach to Form 1040. Go to www.irs.gov/Form 1040 for instructions and the latest information. Attachment Sequence No. 01 Name(s) shown on Form 1040 George E. Beeper Your social security number 775-88-9531 1-9b Additional Income 1-9b Reserved ........ 10 Taxable refunds, credits, or offsets of state and local income taxes. 10 11 Alimony received ....... 11 12 12 13 Business income or (loss). Attach Schedule C or C-EZ Capital gain or loss). Attach Schedule D if required. If not required, check here 14 Other gains or losses). Attach Form 4797 ......... 15a Reserved ........ 15b 16b 16a Reserved ........ 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E. 18 Farm income or loss). Attach Schedule F. 18 19 Unemployment compensation ........ 19 20b 21 20a Reserved ... 21 Other income. List type and amount 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 22 a diantarannan 22 22 | 23 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 Adjustments 23 Educator expenses .. to Income 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106.. 25 Health savings account deduction. Attach Form 8889 ..... 26 Moving expenses for members of the Armed Forces. Attach Form 3903.. 27 Deductible part of self-employment tax. Attach Schedule SE..... 28 Self-employed SEP, SIMPLE, and qualified plans 29 Self-employed health insurance deduction .... 29 30 Penalty on early withdrawal of savings .... 31a Alimony paid b Recipient's SSN 333-45-1234 V 9,600 32 IRA deduction ......... 33 Student loan interest deduction 34 Reserved 35 Reserved ................... 36 Add lines 23 through 35 ............ For Paperwork Reduction Act Notice, see your tax return instructions. 36 9,600 Schedule 1 (Form 1040) 2018 Cat. No. 71479F George E. Beeper 775-88-9531 Part I Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use Schedule C or C-EZ (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40. A Did you make any payments in 2018 that would require you to file Form(s) 1099? (see instructions) Yes No B If "Yes," did you or will you file required Forms 1099? Yes No la Physical address of each property (street, city, state, ZIP code) A 672 Lake Street, Spokane, WA 99212 Type of Property (from list below) Fair Rental Days Personal Use Days QJV 2 For each rental real estate property listed above, report the number of fair rental and personal use days. Check the QJV box only if you meet the requirements to file as a qualified joint venture. See instructions. 365 Type of Property: 1 Single Family Residence 2 Multi-Family Residence 7 Self-Rental 3 Vacation/Short-Term Rental 4 Commercial 5 Land 6 Royalties 8 Other (describe) Income: Properties: 3 Rents received .................................. 12,000 4 Royalties received ................................ Expenses: 5 Advertising ...... Auto and travel (see instructions) ......... 6 Income: Properties: 3 Rents received ........................ . 4 Royalties received ............................. 12,000 Expenses: 5 6 Advertising ...... Auto and travel (see instructions) ..... Cleaning and maintenance ........... 1,980 8 Commissions ....... 2,225 9 Insurance .............. . . 10 Legal and other professional fees. 11 Management fees 12 Mortgage interest paid to banks, etc. (see instructions).. 13 Other interest ...... 14,500 14 Repairs ....... 550 5,800 15 Supplies ........ 16 Taxes ............. 17 Utilities .... 18 Depreciation expense or depletion ........ 19 Other (list) 20 Total expenses. Add lines 5 through 19...... 25,055 21 Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 -13,055 19 Other (list) 20 Total expenses. Add lines 5 through 19....... 25,055 21 Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 -13,055 22 Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions) .... 22 -13,055 l 23a 23a Total of all amounts reported on line 3 for all rental properties ....... 12,000 b Total of all amounts reported on line 4 for all royalty properties c Total of all amounts reported on line 12 for all properties .... d Total of all amounts reported on line 18 for all properties .... 14,500 e Total of all amounts reported on line 20 for all properties ..... ,055 24 Income. Add positive amounts shown on line 21. Do not include any losses ..... 24 25 25 Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here (-13,055 ) 26 Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Schedule 1 (Form 1040), line 17, or Form 1040NR, line 18. Otherwise, include this amount in the total on line 41 on page 2 2 6 For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11344L Schedule E (Form 1040) 2018 Feedback Part I 2018 Passive Activity Loss Caution: Complete Worksheets 1, 2, and 3 before completing Part I. Rental Real Estate Activities With Active Participation (For the definition of active participation, see Special Allowance for Rental Real Estate Activities in the instructions.) la Activities with net income (enter the amount from Worksheet 1, column (a)) la 1b b Activities with net loss (enter the amount from Worksheet 1, column (b)) 13,055 C Prior years' unallowed losses (enter the amount from Worksheet 1, column (c))... d Combine lines 1a, 1b, and 1c ..................................... 1d -13,055 Commercial Revitalization Deductions From Rental Real Estate Activities 2a b Commercial revitalization deductions from Worksheet 2, column (a).... 2a Prior year unallowed commercial revitalization deductions from Worksheet 2, column (b) ..... Add lines 2a and 2b ..... dah ............................................ C 2c All Other Passive Activities Activities with net income (enter the amount from Worksheet 3, column (a)) 3a 3a b c 3b Activities with net loss (enter the amount from Worksheet 3, column (b)) Prior years' unallowed losses (enter the amount from Worksheet 3, column (c)) (c)). . .. .. .. . .. .. . ... . .. .. . .. . . .. .. .. c d Combine lines 3a, 3b, and 3c ............... | 3d Combine lines 1d, 2c, and 3d. If this line is zero or more, stop here and include this form with your return; all losses are allowed, including any prior year unallowed losses entered on line 1c, 2b, or 3c. Report the losses on the forms and schedules normally used ..... -13,055 If line 4 is a loss and: Line 1d is a loss, go to Part II. Part II Special Allowance for Rental Real Estate Activities With Active Participation Note: Enter all numbers in Part II as positive amounts. See instructions for an example. 5 Enter the smaller of the loss on line 1d or the loss on line 4..... 13,055 6 Enter $150,000. If married filing separately, see instructions ... 150,000 Enter modified adjusted gross income, but not less than zero (see instructions) Note: If line 7 is greater than or equal to line 6, skip lines 8 and 9, enter-O- on line 10. Otherwise, go to line 8. 8 Subtract line 7 from line 6..... Multiply line 8 by 50% (0.50). Do not enter more than $25,000. If married filing separately, see instructions 10 Enter the smaller of line 5 or line 9...... If line 2c is a loss, go to Part III. Otherwise, go to line 15. Part III Special Allowance for Commercial Revitalization Deductions From Rental Real Estate Activities Note: Enter all numbers in Part III as positive amounts. See the example for Part II in the instructions. 11 11 Enter $25,000 reduced by the amount, if any, on line 10. If married filing separately, see instructions 12 Enter the loss from line 4...... 13 Reduce line 12 by the amount on line 10 ................................ 14 Enter the smallest of line 2c (treated as a positive amount), line 11, or line 13.............. Part IV Total Losses Allowed 15 Add the income, if any, on lines 1a and 3a and enter the total. ..... 16 Total losses allowed from all passive activities for 2018. Add lines 10, 14, and 15. See instructions to find out how to report the losses on your tax return ................... For Paperwork Reduction Act Notice, see instructions. Cat. No. 63704F Form 8582 (2018) Dr. George E. Beeper is a single taxpayer born on September 22, 1970. He lives at 45 Mountain View Dr., Apt. 321, Spokane, WA 99210. Dr. Beeper's Social Security number is 775-88-9531. Dr. Beeper's works for the Pine Medical Group. Dr. Beeper owns a rental house located at 672 Lake Street, Spokane, WA 99212. The house rents for $1,000 per month and was rented for the entire year. The following are the related expenses for the rental house: Real estate taxes $5,800 Mortgage interest 14,500 2,225 Insurance Depreciation (assume fully depreciated) Repairs 550 1,980 Maintenance The house was purchased on July 5, 1983. Dr. Beeper handles all rental activities (e.g., rent collection, finding tenants, etc.) himself. In 2018, Dr. Beeper sold his primary residence as he wished to move to an apartment to avoid the maintenance and upkeep of a single-family home. Dr. Beeper's home sold on February 12, 2018 for $345,000 net after commissions. He acquired the home on June 3, 2000 for $260,000 and had made improvements of $10,000. Dr. Beeper was divorced in 2012. The divorce decree requires Dr. Beeper to pay his ex-wife, Meredith Gray (Social Security number 333-45-1234), $800 per month. Dr. Beeper made all his monthly alimony payments in 2018. Required: Complete Form 1040 and the schedules and forms provided for Dr. Beeper. The taxpayer had health coverage for the entire year. The taxpayer does not want to make contribution to the presidential election campaign. . Do not complete Form 4562 for reporting depreciation. Make realistic assumptions about any missing data. If an amount box does not require an entry or the answer is zero, enter "O". If required, round any amount to the nearest dollar. Enter all amounts as positive numbers except for the following special instructions: If required, on Form 1040, line 17 and on Schedule E, on lines 21, 25, and 26, use the minus sign to indicate a loss. On Form 8582, if required, use the minus sign to enter a a Employee's social security number 775-88-9531 OMB No. 1545-0008 Safe, accurate, FAST! Use IRS e file Visit the IRS website at www.lrs.gov/efile b Employer identification number (EIN) 36-1389676 1 Wages, tips, other compensation 132,400.00 2 Federal income tax withheld 21,000.00 4 3 Social security wages 128,400.00 Social security tax withheld 7,960.80 c Employer's name, address, and ZIP code Pine Medical Group 800 W. 7th Avenue Spokane, WA 92204 5 Medicare wages and tips 132,400.00 6 Medicare tax withheld 1,919.80 7 Social security tips 8 Allocated tips d Control number 9 Verification code 10 Dependent care benefits Suff. 11 Nonqualified plans 12a See instructions for box 12 e Employee's first name and initial Last name George Beeper 45 Mountain View Drive, Apt #321 Spokane, WA 99210 DD 5,700.00 13 Statutory employee 0 Retirement Third-party plan sick pay 0 0 14 Other 1 Wages, salaries, tips, etc. Attach Form(s) W-2 132,400 2a 3a 2b 3b 4a Attach Form(s) W- 2. Also attach Form(s) W-2G and 1099-R if tax was withheld. Tax-exempt interest b Taxable interest Qualified dividends b Ordinary dividends IRAS, pensions, and b Taxable amount annuities Social security benefits 5a b Taxable amount Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 | -13,055 5a 6 119,345 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise, subtract Schedule 1, line 36, from line 6........... 109,745 12,000 8 Standard deduction or itemized deductions (from Schedule A) ......... 9 Qualified business income deduction (see instructions) ........ 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-O-.... 97,745 11 Standard Deduction for Single or married filing separately, $12,000 Married filing jointly or Qualifying widow(er), $24,000 Head of household, $18,000 If you checked any box under Standard deduction, see instructions. a Tax (see inst) (check if any from: 1 Form(s) 8814 2 Form 4972 30 b Add any amount from Schedule 2 and check here ....... a Child tax credit/credit for other dependents b Add any amount from Schedule 3 and check here ....... ....... Subtract line 12 from line 11. If zero or less, enter -O-..... 13 ..... 14 Other taxes. Attach Schedule 4 ...... 15 Total tax. Add lines 13 and 14 ......... 16 Federal income tax withheld from Forms W-2 and 1099........... 21,000 17 b Sch 8812 Refundable credits: a EIC (see inst.) c Form 8863 . If you checked any box under Standard deduction, see instructions. 14 15 Other taxes. Attach Schedule 4 . Total tax. Add lines 13 and 14 ........ | 21,000 V 16 17 Federal income tax withheld from Forms W-2 and 1099.... Refundable credits: a EIC (see inst.) _ b Sch 8812 c Form 8863 Add any amount from Schedule 5 18 Add lines 16 and 17. These are your total payments ..................... 21,000 Refund 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid ........ 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here 20a Direct deposit? Routing number c Type: Checking Savings See instructions. d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax ................. Amount 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions ........ You Owe 23 Estimated tax penalty (see instructions) ..... 23 Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040 (2018) UMU TU. IJTJPUUT Additional Income and Adjustments to Income 2018 SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service Attach to Form 1040. Go to www.irs.gov/Form 1040 for instructions and the latest information. Attachment Sequence No. 01 Name(s) shown on Form 1040 George E. Beeper Your social security number 775-88-9531 1-9b Additional Income 1-9b Reserved ........ 10 Taxable refunds, credits, or offsets of state and local income taxes. 10 11 Alimony received ....... 11 12 12 13 Business income or (loss). Attach Schedule C or C-EZ Capital gain or loss). Attach Schedule D if required. If not required, check here 14 Other gains or losses). Attach Form 4797 ......... 15a Reserved ........ 15b 16b 16a Reserved ........ 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E. 18 Farm income or loss). Attach Schedule F. 18 19 Unemployment compensation ........ 19 20b 21 20a Reserved ... 21 Other income. List type and amount 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 22 a diantarannan 22 22 | 23 22 Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 Adjustments 23 Educator expenses .. to Income 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106.. 25 Health savings account deduction. Attach Form 8889 ..... 26 Moving expenses for members of the Armed Forces. Attach Form 3903.. 27 Deductible part of self-employment tax. Attach Schedule SE..... 28 Self-employed SEP, SIMPLE, and qualified plans 29 Self-employed health insurance deduction .... 29 30 Penalty on early withdrawal of savings .... 31a Alimony paid b Recipient's SSN 333-45-1234 V 9,600 32 IRA deduction ......... 33 Student loan interest deduction 34 Reserved 35 Reserved ................... 36 Add lines 23 through 35 ............ For Paperwork Reduction Act Notice, see your tax return instructions. 36 9,600 Schedule 1 (Form 1040) 2018 Cat. No. 71479F George E. Beeper 775-88-9531 Part I Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use Schedule C or C-EZ (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40. A Did you make any payments in 2018 that would require you to file Form(s) 1099? (see instructions) Yes No B If "Yes," did you or will you file required Forms 1099? Yes No la Physical address of each property (street, city, state, ZIP code) A 672 Lake Street, Spokane, WA 99212 Type of Property (from list below) Fair Rental Days Personal Use Days QJV 2 For each rental real estate property listed above, report the number of fair rental and personal use days. Check the QJV box only if you meet the requirements to file as a qualified joint venture. See instructions. 365 Type of Property: 1 Single Family Residence 2 Multi-Family Residence 7 Self-Rental 3 Vacation/Short-Term Rental 4 Commercial 5 Land 6 Royalties 8 Other (describe) Income: Properties: 3 Rents received .................................. 12,000 4 Royalties received ................................ Expenses: 5 Advertising ...... Auto and travel (see instructions) ......... 6 Income: Properties: 3 Rents received ........................ . 4 Royalties received ............................. 12,000 Expenses: 5 6 Advertising ...... Auto and travel (see instructions) ..... Cleaning and maintenance ........... 1,980 8 Commissions ....... 2,225 9 Insurance .............. . . 10 Legal and other professional fees. 11 Management fees 12 Mortgage interest paid to banks, etc. (see instructions).. 13 Other interest ...... 14,500 14 Repairs ....... 550 5,800 15 Supplies ........ 16 Taxes ............. 17 Utilities .... 18 Depreciation expense or depletion ........ 19 Other (list) 20 Total expenses. Add lines 5 through 19...... 25,055 21 Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 -13,055 19 Other (list) 20 Total expenses. Add lines 5 through 19....... 25,055 21 Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 -13,055 22 Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions) .... 22 -13,055 l 23a 23a Total of all amounts reported on line 3 for all rental properties ....... 12,000 b Total of all amounts reported on line 4 for all royalty properties c Total of all amounts reported on line 12 for all properties .... d Total of all amounts reported on line 18 for all properties .... 14,500 e Total of all amounts reported on line 20 for all properties ..... ,055 24 Income. Add positive amounts shown on line 21. Do not include any losses ..... 24 25 25 Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here (-13,055 ) 26 Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Schedule 1 (Form 1040), line 17, or Form 1040NR, line 18. Otherwise, include this amount in the total on line 41 on page 2 2 6 For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11344L Schedule E (Form 1040) 2018 Feedback Part I 2018 Passive Activity Loss Caution: Complete Worksheets 1, 2, and 3 before completing Part I. Rental Real Estate Activities With Active Participation (For the definition of active participation, see Special Allowance for Rental Real Estate Activities in the instructions.) la Activities with net income (enter the amount from Worksheet 1, column (a)) la 1b b Activities with net loss (enter the amount from Worksheet 1, column (b)) 13,055 C Prior years' unallowed losses (enter the amount from Worksheet 1, column (c))... d Combine lines 1a, 1b, and 1c ..................................... 1d -13,055 Commercial Revitalization Deductions From Rental Real Estate Activities 2a b Commercial revitalization deductions from Worksheet 2, column (a).... 2a Prior year unallowed commercial revitalization deductions from Worksheet 2, column (b) ..... Add lines 2a and 2b ..... dah ............................................ C 2c All Other Passive Activities Activities with net income (enter the amount from Worksheet 3, column (a)) 3a 3a b c 3b Activities with net loss (enter the amount from Worksheet 3, column (b)) Prior years' unallowed losses (enter the amount from Worksheet 3, column (c)) (c)). . .. .. .. . .. .. . ... . .. .. . .. . . .. .. .. c d Combine lines 3a, 3b, and 3c ............... | 3d Combine lines 1d, 2c, and 3d. If this line is zero or more, stop here and include this form with your return; all losses are allowed, including any prior year unallowed losses entered on line 1c, 2b, or 3c. Report the losses on the forms and schedules normally used ..... -13,055 If line 4 is a loss and: Line 1d is a loss, go to Part II. Part II Special Allowance for Rental Real Estate Activities With Active Participation Note: Enter all numbers in Part II as positive amounts. See instructions for an example. 5 Enter the smaller of the loss on line 1d or the loss on line 4..... 13,055 6 Enter $150,000. If married filing separately, see instructions ... 150,000 Enter modified adjusted gross income, but not less than zero (see instructions) Note: If line 7 is greater than or equal to line 6, skip lines 8 and 9, enter-O- on line 10. Otherwise, go to line 8. 8 Subtract line 7 from line 6..... Multiply line 8 by 50% (0.50). Do not enter more than $25,000. If married filing separately, see instructions 10 Enter the smaller of line 5 or line 9...... If line 2c is a loss, go to Part III. Otherwise, go to line 15. Part III Special Allowance for Commercial Revitalization Deductions From Rental Real Estate Activities Note: Enter all numbers in Part III as positive amounts. See the example for Part II in the instructions. 11 11 Enter $25,000 reduced by the amount, if any, on line 10. If married filing separately, see instructions 12 Enter the loss from line 4...... 13 Reduce line 12 by the amount on line 10 ................................ 14 Enter the smallest of line 2c (treated as a positive amount), line 11, or line 13.............. Part IV Total Losses Allowed 15 Add the income, if any, on lines 1a and 3a and enter the total. ..... 16 Total losses allowed from all passive activities for 2018. Add lines 10, 14, and 15. See instructions to find out how to report the losses on your tax return ................... For Paperwork Reduction Act Notice, see instructions. Cat. No. 63704F Form 8582 (2018)
