Fillable Form 8609-A - Annual Statement For Low-Income Housing Credit Template printable pdf download

8609-A

OMB No. 1545-0988

Annual Statement for Low-Income Housing Credit

Form

(Rev. December 2006)

Attachment

Department of the Treasury

File with owner’s federal income tax return.

Sequence No.

Internal Revenue Service

Name(s) shown on return

Identifying number

Part I

Compliance Information

Yes No

Building identification number (BIN)

This Form 8609-A is for (check the box)

a newly constructed or existing building

section 42(e) rehabilitation expenditures

Do you have in your records the original Form 8609 (or a copy thereof) signed and issued by the housing credit

agency for the building in A?

If “No,” see the instructions and stop here—do not go to Part II.

Did the building in A qualify as a part of a qualified low-income housing project and meet the requirements of

section 42 as of the end of the tax year for which this form is being filed?

If “No,” see the instructions and stop here—do not go to Part II.

Was there a decrease in the qualified basis of the building in A for the tax year for which this form is being

filed?

If “Yes,” see the instructions. If “No,” and the entire credit has been claimed in prior tax years, stop here—do

not go to Part II.

Part II

Computation of Credit

Eligible basis of building

Low-income portion (smaller of unit fraction or floor space fraction) (if first year of the credit

period, see instructions)

Qualified basis of low-income building. Multiply line 1 by line 2 (see instructions for exceptions)

Part-year adjustment for disposition or acquisition during the tax year

Credit percentage

Multiply line 3 or line 4 by the percentage on line 5

Additions to qualified basis, if any

Part-year adjustment for disposition or acquisition during the tax year

Credit percentage. Enter one-third of the percentage on line 5

Multiply line 7 or line 8 by the percentage on line 9

Section 42(f)(3)(B) modification

Add lines 10 and 11

Credit for building before line 14 reduction. Subtract line 12 from line 6

Disallowed credit due to federal grants (see instructions)

Credit allowed for building for tax year. Subtract line 14 from line 13, but do not enter more than

the amount shown on Form 8609, Part I, line 1b

Taxpayer’s proportionate share of credit for the year (see instructions)

Adjustments for deferred first-year credit (see instructions)

Taxpayer’s credit. Combine lines 16 and 17. Enter here and on Form 8586

General Instructions

low-income housing credit. After 2004, Form

Recapture of Credit

8609-A must be filed by the building owner

If the qualified basis of the building has

Section references are to the Internal

for each year of the 15-year compliance

decreased from the qualified basis at the

Revenue Code unless otherwise noted.

period. File one Form 8609-A for the

close of the previous tax year, you may have

allocation(s) for the acquisition of an existing

Note. Some of the line numbers on the

to recapture parts of the credits allowed in

building and a separate Form 8609-A for the

December 1988, March 1991, and November

previous years. See Form 8611, Recapture of

allocation(s) for rehabilitation expenditures.

2003 revisions of Form 8609, Low-Income

Low-Income Housing Credit.

Housing Credit Allocation Certification, and

If the building owner is a partnership,

December 2005 and December 2006

S corporation, estate, or trust (pass-through

Sale of Building

revisions of Form 8609, Low-Income Housing

entity), the entity will complete Form 8609 and

Upon a change of ownership, the seller should

Credit Allocation and Certification, differ from

Form 8609-A. The entity will attach Form

give the new owner a copy of the Form 8609

other revisions. In these cases, the line

8609-A to its tax return. If you are a partner,

(Parts I and II complete). This form allows the

references are shown in parentheses in these

shareholder, or beneficiary in the

new owner to substantiate the credit.

instructions.

pass-through entity that owns the building, file

only Form 8586, Low-Income Housing Credit,

Purpose of Form

to claim the credit using the information that

the entity furnishes you on Schedule K-1.

Form 8609-A is filed by a building owner to

report compliance with the low-income

housing provisions and calculate the

For Paperwork Reduction Act Notice, see instructions.

Cat No. 38841T

Form 8609-A (Rev. 12-2006)

Form 8609-A - Annual Statement For Low-Income Housing Credit Template

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