Form 8609 - Low-Income Housing Credit Allocation Certification

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8609
Low-Income Housing Credit
OMB No. 1545-0988
Form
Expires 2-28-94
Allocation Certification
(Rev. January 1993)
Do not file separately. The building owner must attach Form 8586,
Attachment
Department of the Treasury
36
Sequence No.
Form 8609, and Schedule A (Form 8609) to its Federal income tax return.
Internal Revenue Service
Allocation of Credit—Completed by Housing Credit Agency Only
Part I
Addition to Qualified Basis
Amended Form
A Address of building (do not use P. O. box)
B Name and address of housing credit agency
C Name and address of building owner receiving allocation
D Employer identification number of agency
E
Building identification number (BIN)
1b
/
/
1a
Date of allocation
b
Maximum housing credit dollar amount allowable
2
%
2
Maximum applicable credit percentage allowable
3a
3a
Maximum qualified basis
b
Check here
if the eligible basis used in the computation of line 3a was increased under
the high-cost area provisions of section 42(d)(5)(C). Enter the percentage by which the eligible
3b
1 — —
%
basis was increased (see instructions)
4
%
4
Percentage of the aggregate basis financed by tax-exempt bonds
/
/
5
Date building placed in service
6
Check the box that describes the allocation for the building (check one only):
a
Newly constructed and federally subsidized
b
Newly constructed and not federally subsidized
c
Existing building
d
Sec. 42(e) rehabilitation expenditures federally subsidized
e
Sec. 42(e) rehabilitation expenditures not federally subsidized
Under penalties of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code, and that I have examined
Part I of this form and to the best of my knowledge and belief, the information is true, correct, and complete.
Signature of authorized official
Name (please type or print)
Date
First-Year Certification—Completed by Building Owner for First Year of Credit Period Only
Part II
7b
/
/
7a
Date building placed in service
b
Eligible basis of building (see instructions)
8a
8a Original qualified basis of the building at close of first year of credit period
b Is the building part of a multiple building project?
Yes
No
9a
If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(B)?
Yes
No
b Do you elect to reduce eligible basis by disproportionate costs of non-low-income units (section 42(d)(3))?
Yes
No
10
Check the appropriate box for each election:
a
Elect to begin credit period the first year after the building is placed in service (section 42(f)(1))
Yes
No
b Elect not to treat large partnership as taxpayer (section 42(j)(5))
Yes
c
Elect minimum set-aside requirement (section 42(g)) (see instructions)
20-50
40-60
25-60 (N.Y.C. only)
d Elect deep-rent-skewed project (section 142(d)(4)(B)) (see instructions)
15-40
Note: A separate Schedule A (Form 8609), Annual Statement, for each building must be attached to the corresponding Form 8609
for each year of the 15-year compliance period after 1987.
Caution: Read the instructions under Signature (page 4) before signing this part.
Under penalties of perjury, I declare that: (1) the above building continues to qualify as a part of a qualified low-income housing project and meets
the requirements of Internal Revenue Code section 42; (2) the qualified basis of the building has
has not
decreased for this tax
year; and (3) I am not claiming any relief from the passive loss rules under section 502 of the Tax Reform Act of 1986 for this property. I have
examined this form and accompanying schedules, and to the best of my knowledge and belief, it is true, correct, and complete.
Signature
Taxpayer identification number
Date
Name (please type or print)
8609
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 63981U
Form
(Rev. 1-93)

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