Also note:
Form 8582 not required.
Don’t complete Form 8582 if you meet all of the following conditions.
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Your only passive activities were rental real estate activities in which you actively participated.
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Your overall net loss from these activities is $25,000 or less ($12,500 or less if married filing separately and you lived apart from your spouse all year).
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If married filing separately, you lived apart from your spouse all year.
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You have no prior year unallowed losses from these (or any other passive) activities.
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You have no current or prior year unallowed credits from passive activities.
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Your MAGI is $100,000 or less ($50,000 or less if married filing separately and you lived apart from your spouse all year).
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You don’t hold any interest in a rental real estate activity as a limited partner or as a beneficiary of an estate or a trust.
If you meet all of the conditions listed above, your rental real estate activities aren’t limited by the passive activity rules and you don’t have to complete Form 8582. On lines 23a through 23e of your Schedule E, enter the applicable amounts.
