SuperCalc ver. 1.12 IRS FORM 8582 for 1987 Ed Smith, Canoga Park, CAددد P7 '" IRS FORM 8582 for 1987 Ed Smith, Canoga Park, CALOOK" 12/29/878$"(to print Form 8582, use A7:K62) Smi"For this file to compute properly, type 12500 in H4 ONLY IF you were"married filing sep. & you lived apart entire year; O"---->...linP25000"otherwise 25000 has already been entered.IF( '=her  "==er)"Form 8582 PASSIVE ACTIVITY LOSS LIMITATIONS 1987)  " |m  '.m  " |m !"Name(s)2  "............?..............................I !"ID. #......? "....?...........................ente " | | '- | !'-----.....? " |-| )"PART I Computation of 1987 Passive Activity Loss (see workshts on P.4)7) " |T ("Rental Real Estate Activities with ACTIVE participation (see P.1) P. " | | %" Activities acquired before 10/23/86: par " | |'"1a Activities with net income | 1a|see ".....?.....e!"| |.....e  " | |'"1b Activities with net loss | 1b|see ".....?.....e!"| |.....e  " | |'"1c Combine lines 1a & 1b | 1c|see ¢H15+H16 1a !"| |H15+  " | |%" Activities acquired after 10/22/86: !"| |tivitie  " | |'"1d Activities with net income | 1d|see ".....?.....e!"| |.....e  " | |'"1e Activities with net loss | 1e|see ".....?.....e!"| |.....e  " | |'"1f Combine lines 1d & 1e | 1f|see ¢H19+H20 1d !"| |H19+  " | |&"1g Net income or loss. Combine lines 1c & 1f. | !"| 1g|t incom ¢H17+H21 los  " | '.  " |%"All Other Passive Activities (see P.3)1c & 1!"| |her Pas  " | |%" Activities acquired before 10/23/86: & 1!"| |tivitie  " | |'"2a Activities with net income | 2a|see ".....?.....e!"| |tivitie  " | |'"2b Activities with net loss | 2b|see ".....?.....e!"| |tivitie  " | |'"2c Combine lines 2a & 2b | 2c|see ¢H26+H27on o!"| |mbine l  " | |%" Activities acquired after 10/22/86: !"| |tivitie  " | |'"2d Activities with net income | 2d|see ".....?.....e!"| |tivitie  " | |'"2e Activities with net loss | 2e|see ".....?.....e!"| |tivitie  " | |'"2f Combine lines 2d & 2e | 2f|see ¢H30+H31on o!"| |mbine l  " | | &"2g Net income or loss. Combine lines 2c & 2f. |  !"| 2g|t incom ¢H28+H32 los " |! '. ! " |"("3 Combine lines 1g & 2g. If a plus, see instr; if both are losses."!"| |bine li " '\ | " " | | ""I must readi#'" go to ln 4; otherwise enter 0 on ln 9 and go to line 10. #!"| 3 |to ln 4 #¢J22+J33herw #" > #"instructions$ '-str $ " |tr $"for lines 3 & 62500,%)"PART II - Comp. of Spec. Allowance for R.E. with Active Participation)|7) % " |T %"before - Com& '.for & " |or &"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 |> (¤FIF(H4=12500,75000,150000) A(!"| |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)00) A*!"| |H41- * " | |+'"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 $2,!"| 9 |er the ,¨IF(AND(J36<0,J22<0),MIN(J40,J44),IF(OR(J36>0,J22>0),0))tion , " |- '- - " |.'"PART III - Computation of Passive Activity Loss Allowed2>0), . " |T / '.T / " |T 0("10 Combine lines 1c + 2c. If a zero or net income, skip to ln 16.n0!"| 10|mbine l 0¤N/AIF(H17+H28<0,H17+H28,NA)ero 0 " |A1&"11a If line 9 is zero, enter zero & go to line 12e, 1¦N/AIF(J49>=0,NA,IF(J45=0,0,MIN(H17,J44)))2e, 1!"| |IF(J 1 '/ | 1 " | |2("11b If line 1c has inc or no entry or zero, enter 0 & go to line 12;2!"| | line 1 2 '\ | 2 " | |3'" otherwise, enter the smaller of line 1c or line 8.o to l3!"| 11|herwise 3¨N/AIF(J49>=0,NA,IF(H50=0,NA,IF(H17>=0,0,MIN(H17,J44))))ne 12; 3 " |A4&"12 Subtract line 11 from line 10 (see instr)MIN(H174!"| 12|btract 4¤N/AIF(J49>=0,NA,J49-J52)10 (se 4 " |A5%"13 Subtract line 9 from line 3 (see instr))5!"| 13|btract 5¤N/AIF(J49>=0,NA,J36-J45) (see 5 " |A6$"14 Enter smaller of line 12 or 13e 6!"| 14|ter sma 6¤N/AIF(J49>=0,NA,MIN(J53,J54)) 6 " |A7%"15 Multiply line 14 by 65% and enter result7!"| 15|ltiply 7¤N/AIF(J49>=0,NA,J55*.65) enter 7 " |A8$"16 Enter the amt from line 9 enter8!"| 16|ter the 8¢J45 amt fro 8 " |9("17 PASSIVE ACTIVITY LOSS ALLOWED FOR 1987. Add lines 15 +16.e 12;9!"| 17|SSIVE A 9¢N/AJ56+J57ITY 9 " |A:("18 Add income, if any, on lines 1a, 1d, 2a, and 2d. Enter result.;:!"| 18|d incom :£H15+H19+H26+H30n li : " |;("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.