Reminders

Prior-year unallowed commercial revitalization de- duction (CRD). If you have prior-year unallowed CRDs limited by the passive loss rules, you may continue to include them in the calculations as shown in the Specific Instructions, beginning with Part I , later.

Excess business loss limitation. If you are a noncorporate taxpayer and have allowable business losses after taking into account first the at-risk limitations and then the passive loss limitations (this form), your losses may be subject to the excess business loss limitation. After taking into account all the other loss limitations, complete Form 461, Limitation on Business Losses, to figure the amount of your excess business loss. See Form 461 and its instructions for details on the excess business loss limitation.

Reporting prior-year unallowed losses. Form 8582 must generally be filed by taxpayers who have an overall gain (including any prior-year unallowed losses) from business or rental passive activities. See Exception under Who Must File, later.

Regrouping due to net investment income tax (NIIT). You may be able to regroup your activities if you’re subject to the NIIT. See Regrouping Due to NIIT under Grouping of Activities, later, for more information.