PASSIVE ACTIVITY LOSS LIMITATIONS

ICR 198710-1545-029

OMB: 1545-1008

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
170720
Migrated
ICR Details
1545-1008 198710-1545-029
Historical Active 198710-1545-027
TREAS/IRS
PASSIVE ACTIVITY LOSS LIMITATIONS
No material or nonsubstantive change to a currently approved collection   No
Emergency 10/28/1987
Approved with change 10/28/1987
Retrieve Notice of Action (NOA) 10/28/1987
  Inventory as of this Action Requested Previously Approved
09/30/1990 09/30/1990 09/30/1990
15,000,000 0 15,000,000
17,822,469 0 17,920,307
0 0 0

UNDER SEC. 469, LOSSES FROM PASSIVE ACTIVITIES, TO THE EXTENT THEY EXCEED INCOME FROM PASSIVE ACTIVITIES, CANNOT BE DEDUCTED AGAINST NONPASSIVE INCOME. FORM 8582 IS USED TO FIGURE THE PASSIVE ACTIVITY LO ALLOWED AND THE LOSS TO BE REPORTED ON THE TAX RETURN. THE WORKSHEETS 1 AND 2 IN THE INSTRUCTIONS ARE USED TO FIGURE THE AMOUNT TO BE ENTERE ON LINES 1 AND 2 OF FORM 8582 AND WORKSHEETS 3 THROUGH 6 ARE USED TO

None
None


No

1
IC Title Form No. Form Name
PASSIVE ACTIVITY LOSS LIMITATIONS

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 15,000,000 15,000,000 0 0 0 0
Annual Time Burden (Hours) 17,822,469 17,920,307 0 -97,838 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
10/28/1987


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