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in this video well be going over IRS form 8582 passive activity loss limitations this is a three-page document that you can find on the IRS website well briefly go through the document well cover some administrative items and then well go step by step into the instructions so part one is the previous years passive activity loss please note that you need to complete Parts four and five before you come back to part one in part two this is the section for special allowance for rental real estate activities with active participation part 3 total losses allowed Par Four is required to be completed before completing part one lines one a one b and 1C well cover this momentarily on page two part five is required to be completed before part one lines two a two B and 2C part six If part two line nine contains an amount well go through part six part seven contains allocation of unallowed losses part 8 contains allowed losses Part 9 contains activities with losses reported on two or more fo