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New York Tax Form 182: Passive Activity Loss Limitations For Nonresidents and Part-Year Residents

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Passive Activity Loss Limitations For Nonresidents and Part-Year Residents
See the instructions on page 4, before completing this form.
Part I – Passive activity loss
Rental real estate activities with active participation
1a	Activities with net income from Worksheet 1, column (a).						1a
1b	Activities with net loss from Worksheet 1, column (b)						1b
1c	Prior years unallowed losses from Worksheet 1, column (c) (see instructions)						1c
1d	Add lines 1a, 1b, and 1c								1d
Commercial revitalization deductions from rental real estate activities
2a	Commercial revitalization deductions from Worksheet 2, column (a)						2a
2a	Prior year unallowed commercial revitalization deductions from Worksheet 2, column (b)						2a
2c	Add lines 2a and 2b								2c
All other passive activities
3a	Activities with net income from Worksheet 3, column (a)						3a
3b	Activities with net loss from Worksheet 3, column (b)						3b
3c	Prior years unallowed losses from Worksheet 3, column (c) (see instructions)						3c
3d	Add lines 3a, 3b, and 3c								3d
4	Add lines 1d, 2c, and 3d. Note: If this line is zero or more, stop here and submit 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 Part IV, line 15. Caution: If married filing separately, filing status , 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 (greater than zero). See instructions.
5	Enter the smaller of the loss on line 1d or the loss on line 4								5
6	Enter 150000 (if married filing separately, see instructions)						6
7	Enter federal modified adjusted gross income, but not less than zero (see instr.) Note: If line 7 is greater than or equal to line 6, skip lines 8 and 9, and leave line 10 blank. Otherwise, go to line 8.						7
8	Subtract line 7 from line 6						8
9	Multiply line 8 by 50% (0.5). Do not enter more than 25000. (If married filing separately, filing status , see instr.) .								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.
Part III – Special allowance for commercial revitalization deductions from rental real estate activities
Note: Enter all numbers in Part III as positive amounts (greater than zero). See instructions
11	Enter 25000 reduced by the amount, if any, on line 10. (If married filing separately, filing status, see instr.)								11
12	Enter the loss from line 4								12
13	Subtract line 10 from line 12								13
14	Enter the smallest of line 2c (treated as a positive amount), line 11, or line 13								14
Part IV – Total losses allowed
15	Add the income, if any, from lines 1a and 3a and enter the total								15
16	Total losses allowed from all passive activities for this year. (Add lines 10, 14, and 15. See the instructions to find out how to report the losses on your return.)								16
Caution: File this form and its worksheets with your tax return. Keep a copy for your records
Worksheet 1 – For Form IT-182, lines 1a, 1b, and 1c (see instructions)
Name of activity/property description and address		Date of acquisition	Date of sale	Current year		Prior years	Overall gain or loss
				(a) Net income (line 1a)	(b) Net loss (line 1b)	(c) Unallowed loss (line 1c)	(d) Gain		(e) Loss





Totals. Enter on Form IT-182, lines 1a, 1b, and 1c
Worksheet 2 – For Form IT-182, lines 2a and 2b (see instructions)
Name of activity/property description and address		(a) Current year deductions (line 2a)			(b) Prior years’ unallowed deductions (line 2b)			(c) Overall loss




Totals. Enter on Form IT-182, lines 2a and 2b
Worksheet 3 – For Form IT-182, lines 3a, 3b, and 3c (see instructions)
Name of activity/property description and address		Date of acquisition	Date of sale	Current year		Prior years	Overall gain or loss
				(a) Net income (line 1a)	(b) Net loss (line 1b)	(c) Unallowed loss (line 1c)	(d) Gain		(e) Loss





Totals. Enter on Form IT-182, lines 3a, 3b, and 3c
Worksheet 4 – Use this worksheet if an amount is shown on Form IT-182, line 10 or 14 (see instructions)
Name of activity/property description and address		Form or schedule and line number to be reported on	(a) Loss		(b) Ratio		(c) Special Allowance		(d) Subtract column (c) from column (a)




Totals
Worksheet 5 – Allocation of unallowed losses (see instructions)
Name of activity/property description and address			Form or schedule and line number to be reported on		(a) Loss		(b) Ratio		(c) Unallowed loss




Totals
Worksheet 6 – Allowed losses (see instructions)
Name of activity/property description and address			Form or schedule and line number to be reported on		(a) Loss		(b) Unallowed loss		(c) Allowed loss




Totals
Worksheet 7 – Activities with losses reported on two or more different forms or schedules (see instructions)
Name of activity/property description and address:		(a)	(b)		(c) Ratio		(d) Unallowed loss		(e) Allowed loss
Form or schedule and line number to be reported on (see instructions):
1a	Net loss plus prior year unallowed loss from form or schedule
1b	Net income from form or schedule
1c	Subtract line 1b from line 1a. If zero or less, leave blank
Form or schedule and line number to be reported on (see instructions):
1a	Net loss plus prior year unallowed loss from form or schedule
1b	Net income from form or schedule
1c	Subtract line 1b from line 1a. If zero or less, leave blank
Form or schedule and line number to be reported on (see instructions):
1a	Net loss plus prior year unallowed loss from form or schedule
1b	Net income from form or schedule
1c	Subtract line 1b from line 1a. If zero or less, leave blank
Totals

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