8810 Corporate Passive Activity Loss and Credit Limitations

Form

8810

Department of the Treasury
Internal Revenue Service

Corporate Passive Activity Loss and Credit Limitations

OMB No. 1545-0123

Attach to your tax return (personal service and closely held corporations only).
Go to www.irs.gov/Form8810 for instructions and the latest information.

2023
Employer identification number

Name

Part I
1a

2023 Passive Activity Loss

Caution: See the instructions and complete Worksheets 1 and 2 before completing Part I.

Current year income (from Worksheet 2, column (a)) . .

1a

Current year deductions and losses (from Worksheet 2,
column (b)) . . . . . . . . . . . . . . . . .

1b (

)

c

Prior year unallowed losses (from Worksheet 2, column (c))

1c (

)

d

Combine lines 1a, 1b, and 1c. If the result is net income or zero, see instructions . .

b

2

3

1d

Closely held corporations enter net active income and see instructions. Personal
service corporations enter -0- on this line . . . . . . . . . . . . . . . .

2

Unallowed passive activity deductions and losses. Combine lines 1d and 2. If the
result is net income or zero, see the instructions for lines 1d and 3. Otherwise, go to
line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

4

Total deductions and losses allowed. Add the income, if any, on lines 1a and 2 and
enter the result (see instructions) . . . . . . . . . . . . . . . . . . .
Part II
2023 Passive Activity Credits

4

Caution: See the instructions and complete Worksheet 5 before completing Part II.

5a
b

Current year credits (from Worksheet 5, column (a))

. .

Prior year unallowed credits (from Worksheet 5, column (b))

5a
5b

6

Add lines 5a and 5b . . . . . . . . . . . . . . . . . . . . . . . .

6

7

Enter the tax attributable to net passive income and net active income. See
instructions . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

Unallowed passive activity credit. Subtract line 7 from line 6. If the result is zero or
less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . .

8

Allowed passive activity credit. Subtract line 8 from line 6. See instructions . . .

9

8
9
Part III

Election To Increase Basis of Credit Property

10

If the corporation disposed of its entire interest in a passive activity or former passive activity in a fully
taxable transaction, and the corporation elects to increase the basis of credit property used in that activity
by the unallowed credit that reduced the property’s basis, check this box. See instructions . . . . . .

11

Name of passive activity disposed of:

12

Description of the credit property for which the election is being made:

13

Amount of unallowed credit that reduced the property’s basis . . . . . . . . . $

For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 10356T

Form 8810 (2023)