Form 8810, Corporate Passive Activity Loss and Credit Limitations

Personal service corporations and closely held corporations use this form to:

Form 8810

None at this time.

• figure the amount of any passive activity loss (PAL) or credit for the current tax year and the amount of losses and credits from passive activities allowed on the corporation's tax return.
• make the election to increase the basis of credit property when the corporation disposes of its interest in an activity for which it has an unused credit.