Instructions For Form 3468 - 2009 (Page 7 of 7) in pdf

Reinvestment Tax Act of 2009 for property for which you are

Line 18

claiming the energy credit.

Use line 18 to show any carryback of the rehabilitation and

4. A declaration, applicable to the statement and any

energy credits if you amend your 2009 return to carry back an

accompanying documents, signed by you, or signed by a

unused credit from 2010.

person currently authorized to bind you in such matters, in the

following form: “Under penalties of perjury, I declare that I have

Paperwork Reduction Act Notice. We ask for the information

examined this statement, including accompanying documents,

on this form to carry out the Internal Revenue laws of the United

and to the best of my knowledge and belief, the facts presented

States. You are required to give us the information. We need it

in support of this statement are true, correct, and complete.”

to ensure that you are complying with these laws and to allow

us to figure and collect the right amount of tax.

Line 12

You are not required to provide the information requested on

Patrons, including cooperatives that are patrons in other

a form that is subject to the Paperwork Reduction Act unless

cooperatives, enter the unused investment credit from the

the form displays a valid OMB control number. Books or

rehabilitation credit or energy credit allocated from

records relating to a form or its instructions must be retained as

cooperatives. If you are a cooperative, see the Instructions for

long as their contents may become material in the

Form 3800, line 1a, for allocating the investment credit to your

administration of any Internal Revenue law. Generally, tax

patrons.

returns and return information are confidential, as required by

section 6103.

Line 14

The time needed to complete and file this form will vary

Enter the amount included on line 13 that is from a passive

depending on individual circumstances. The estimated burden

activity. Generally, a passive activity is a trade or business in

for individual taxpayers filing this form is approved under OMB

which you did not materially participate. Rental activities are

control number 1545-0074 and is included in the estimates

generally considered passive activities, whether or not you

shown in the instructions for their individual income tax return.

materially participate. For details, see Form 8582-CR, Passive

The estimated burden for all other taxpayers who file this form

Activity Credit Limitations (for individuals, trusts, and estates),

is shown below:

or Form 8810, Corporate Passive Activity Loss and Credit

Limitations (for corporations).

Recordkeeping . . . . . . . . . . . . . . . . . . . . . . . . . 17 hrs., 13 min.

Line 16

Learning about the law or the form . . . . . . . . . . .

6 hrs., 21 min.

Enter the passive activity credit allowed for the 2009

Preparing and sending the form to the IRS . . . . . . 10 hrs., 31 min.

rehabilitation credit and the 2009 energy credit from Form

8582-CR or Form 8810.

If you have comments concerning the accuracy of these time

estimates or suggestions for making this form simpler, we

Line 17

would be happy to hear from you. See the instructions for the

Use line 17 to show any carryforward of the rehabilitation credit

tax return with which this form is filed.

for tax years after 2007 and of the energy credit for tax years

that began after October 3, 2008.

Report any carryforward for years prior to 2008 of the

rehabilitation credit and for years beginning before October 4,

2008, of the energy credit on the Form 3800 carryforward line.

-7-

Instructions For Form 3468 - 2009 Page 7

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