Search Help Topics:


Commercial revitalization is the rehabilitation of a building in a distressed community.

Prior year unallowed commercial revitalization deduction (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 Form 8582 Instructions

In the TaxAct® program, any CRD entered on Schedule K-1 (Form 1065) or Schedule K-1 (Form 1120-S) will automatically flow to Part III of Form 8582 Passive Activity Loss Limitations, if applicable.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.

Was this helpful to you?