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I just need help with Form 8582 I have what I know entered in but need help with the other blanks. Thank you! should be

I just need help with Form 8582 I have what I know entered in but need help with the other blanks. Thank you!image text in transcribedimage text in transcribed

should be all information needed. This is all the information given.
Kia Lopez is single (SSN 412-34-5670) and resides at 101 Poker Street, Apt. 12A, Hickory, FL 34714. Her W-2 shows the following: Wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding $56,500 5,100 56,500 3,503 819 In 2019, Kia contributed cash of $7,000 to Apartment Rentals Limited Partnership (ARLP) in return for a 13% limited partnership interest. She is an active participant. Kia's shares of ARLP income and losses for the year per her K-1 were as follows: Interest Dividends (qualified) Capital gains (long-term) Rental loss $ 35 290 700 (8,300) ARLP had no liabilities. Kia does not itemize and has no other investments or passive activities. You will Form 8582. 2019 0 0 Form 8582 Passive Activity Loss Limitations OMB No. 1545-1008 See separate instructions. Department of the Treasury Attach to Form 1040, Form 1040-SR, or Form 1041. Internal Revenue Service (99) Go to www.irs.gov/Form8582 for instructions and the latest information. Attachment Sequence No. 88 Name(s) shown on return Identifying number Kia Lopez 412-34-5670 Partl 2019 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.) 1a Activities with net income (enter the amount from Worksheet 1, column (a)) 1a 0 b Activities with net loss (enter the amount from Worksheet 1, column (b)) 1b c Prior years' unallowed losses (enter the amount from Worksheet 1, column (c)) 1c 0 d Combine lines 1a, 1b, and 1c 1d Commercial Revitalization Deductions From Rental Real Estate Activities 2a Commercial revitalization deductions from Worksheet 2 column (a) 2a 0 b Prior year unallowed commercial revitalization deductions from Worksheet 2 column (b) 2b 0 c Add lines 2a and 2b 2c All Other Passive Activities 3a Activities with net income (enter the amount from Worksheet 3, column (a)) 3a 0 b Activities with net loss (enter the amount from Worksheet 3, column (b)) 3b c Prior years' un allowed losses (enter the amount from Worksheet column (c) 3c 0 d Combine lines 3a, 3b, and 3c 3d 4 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 4 If line 4 is a loss and: Line 1d is a loss, go to Part II. Line 2c is a loss (and line 1d is zero or more), skip Part II and go to Part III. Line 3d is a loss (and lines 1d and 2c are zero or more), skip Parts II and III and go to line 15. Caution: If your filing status is married filing separately and you lived with your spouse at any time during the year, do not complete Part II or Part III. Instead, go to line 15. 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 5 6 Enter $150,000. If married filing separately, see instructions 6 150,000 7 Enter modified adjusted gross income, but not less than zero. See instructions 7 Note: If line 7 is greater than or equal to line 6, skip lines 8 and 9, enter -- on line 10. Otherwise, go to line 8 8 Subtract line 7 from line 6 8 150,000 9 Multiply line 8 by 50% (0.50). Do not enter more than $25,000. If married filing separately, see instructions 9 10 Enter the smaller of line 5 or line 9 10 If line 2c is a loss, go to Part III. Otherwise, go to line 15. 0 0 Kia Lopez is single (SSN 412-34-5670) and resides at 101 Poker Street, Apt. 12A, Hickory, FL 34714. Her W-2 shows the following: Wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding $56,500 5,100 56,500 3,503 819 In 2019, Kia contributed cash of $7,000 to Apartment Rentals Limited Partnership (ARLP) in return for a 13% limited partnership interest. She is an active participant. Kia's shares of ARLP income and losses for the year per her K-1 were as follows: Interest Dividends (qualified) Capital gains (long-term) Rental loss $ 35 290 700 (8,300) ARLP had no liabilities. Kia does not itemize and has no other investments or passive activities. You will Form 8582. 2019 0 0 Form 8582 Passive Activity Loss Limitations OMB No. 1545-1008 See separate instructions. Department of the Treasury Attach to Form 1040, Form 1040-SR, or Form 1041. Internal Revenue Service (99) Go to www.irs.gov/Form8582 for instructions and the latest information. Attachment Sequence No. 88 Name(s) shown on return Identifying number Kia Lopez 412-34-5670 Partl 2019 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.) 1a Activities with net income (enter the amount from Worksheet 1, column (a)) 1a 0 b Activities with net loss (enter the amount from Worksheet 1, column (b)) 1b c Prior years' unallowed losses (enter the amount from Worksheet 1, column (c)) 1c 0 d Combine lines 1a, 1b, and 1c 1d Commercial Revitalization Deductions From Rental Real Estate Activities 2a Commercial revitalization deductions from Worksheet 2 column (a) 2a 0 b Prior year unallowed commercial revitalization deductions from Worksheet 2 column (b) 2b 0 c Add lines 2a and 2b 2c All Other Passive Activities 3a Activities with net income (enter the amount from Worksheet 3, column (a)) 3a 0 b Activities with net loss (enter the amount from Worksheet 3, column (b)) 3b c Prior years' un allowed losses (enter the amount from Worksheet column (c) 3c 0 d Combine lines 3a, 3b, and 3c 3d 4 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 4 If line 4 is a loss and: Line 1d is a loss, go to Part II. Line 2c is a loss (and line 1d is zero or more), skip Part II and go to Part III. Line 3d is a loss (and lines 1d and 2c are zero or more), skip Parts II and III and go to line 15. Caution: If your filing status is married filing separately and you lived with your spouse at any time during the year, do not complete Part II or Part III. Instead, go to line 15. 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 5 6 Enter $150,000. If married filing separately, see instructions 6 150,000 7 Enter modified adjusted gross income, but not less than zero. See instructions 7 Note: If line 7 is greater than or equal to line 6, skip lines 8 and 9, enter -- on line 10. Otherwise, go to line 8 8 Subtract line 7 from line 6 8 150,000 9 Multiply line 8 by 50% (0.50). Do not enter more than $25,000. If married filing separately, see instructions 9 10 Enter the smaller of line 5 or line 9 10 If line 2c is a loss, go to Part III. Otherwise, go to line 15. 0 0

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