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2010 Instructions for Form FT 3801 Passive Activity Loss LimitationsThese instructions are based on the Internal Revenue Code (IRC) as of January 1, 2009, and the California Revenue and Taxation Code
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Online passive activities are for generating income without active involvement on a regular basis.
Individuals or entities who earn income from passive activities must file online passive activities.
To fill out online passive activities, one must accurately report income, expenses, and deductions related to passive activities.
The purpose of online passive activities is to accurately report income and expenses related to passive activities for tax purposes.
Information such as income, expenses, deductions, and credits related to passive activities must be reported on online passive activities.
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