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Correction to the Instructions for Form 8582-CR, Passive Activity Credit Limitations (Rev. January 2012) -- 07-MAY-2012

If you downloaded the Instructions for Form 8582-CR (Rev. January 2012) before March 30, 2012, please note the following change made to the instructions:
 
On page 9, column 2, under the heading, "Form 3800, General Business Credit," a line reference in the sentence was changed from "line 3, line 23, and line 32" to "line 2, line 23, and line 32."
 
The corrected version of the Instructions for Form 8582-CR is available for download.

Page Last Reviewed or Updated: 2012-08-04