Instructions for IRS Form 8810 Corporate Passive Activity Loss and Credit Limitations

IRS Form 8810 Corporate Passive Activity Loss and Credit Limitations

This document contains official instructions for IRS Form 8810 , Corporate Passive Activity Loss and Credit Limitations - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8810 is available for download through this link.

FAQ

Q: What is IRS Form 8810?
A: IRS Form 8810 is used to calculate corporate passive activity losses and credit limitations.

Q: What are passive activity losses?
A: Passive activity losses are losses incurred from rental activities in which the taxpayer does not materially participate.

Q: What are credit limitations?
A: Credit limitations are restrictions on the amount of credits that can be claimed by a taxpayer.

Q: Who needs to file Form 8810?
A: Corporations that have passive activity losses or want to claim certain credits must file Form 8810.

Q: How do I calculate corporate passive activity losses?
A: You can calculate corporate passive activity losses using the information provided on Form 8810 and the instructions.

Q: Are there any exceptions to the passive activity loss limitations?
A: Yes, there are exceptions for real estate professionals and certain rental real estate activities.

Q: What credits can be claimed on Form 8810?
A: Form 8810 allows taxpayers to claim the low-income housing credit, rehabilitation credit, and other specified credits.

Q: When is the deadline to file Form 8810?
A: The deadline to file Form 8810 is usually the same as the corporation's tax return deadline, which is usually March 15th for calendar year corporations.