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refined coal, and Indian coal production

the PTP as the amount allowed. Report the

Line 9

credit allowed from column (d) of Worksheet

allowed credits on the form normally used

If the corporation has one type of credit, the

and keep a record of the unallowed credits

amount on line 9 is the credit allowed for the

to be carried to the next year.

Form 8844. Enter on line 7 of Form 8844

year. See Reporting Allowed Credits on Tax

the passive activity empowerment zone and

Return below.

renewal community employment credit

If the corporation has more than one type

Part III. Election To

allowed from column (d) of Worksheet 6.

of credit or has credits from more than one

Increase Basis of Credit

activity, use Worksheet 6 on page 11 to

Form 8846. Enter on line 9 of Form 8846

figure how much of the credit on line 9 is

the passive activity credit for employer

Property

allowed for each activity. Keep a record of

social security and Medicare taxes paid on

the unallowed credit and the activity to

certain employee tips allowed from column

Line 10

which it belongs to figure the credit allowed

(d) of Worksheet 6.

next year.

Form 8900. Enter on line 10 of Form 8900

Check the box on this line if the corporation

elects to increase the basis of credit

Reporting Allowed Credits on

the passive activity qualified railroad track

maintenance credit allowed from column (d)

property it used in a passive activity or

Tax Return

of Worksheet 6.

former passive activity by the unallowed

credit that reduced the property’s basis.

Form 3468. Enter on line 17 of Form 3468

Form 8941. Enter on line 19 of Form 8941

the passive activity investment credit

the passive activity credit for small employer

The election is available for a fully

allowed from column (d) of Worksheet 6.

health insurance premiums allowed from

taxable disposition of an entire interest in an

Form 3800. Enter on line 5 of Form 3800

column (d) of Worksheet 6.

activity for which a basis adjustment was

the total passive activity general business

made as a result of placing in service

Credits From PTPs

credit allowed from column (d) of Worksheet

property for which a credit was taken. The

A credit from a passive activity held through

corporation can elect to increase the basis

Form 5884. Enter on line 7 of Form 5884

a PTP is allowed to the extent of the tax

of the credit property immediately before the

the passive activity work opportunity credit

attributable to net passive income from that

disposition (by an amount no greater than

allowed from column (d) of Worksheet 6.

PTP. See page 10 for the definition of a

the amount of the original basis reduction) to

PTP.

Form 6478. Enter on line 12 of Form 6478

the extent that the credit has not previously

the passive activity alcohol and cellulosic

Do not enter credits from PTPs on Form

been allowed because of the passive credit

biofuel fuels credit allowed from column (d)

8810 or the worksheets. Instead, use the

limitations. The amount of the unallowed

of Worksheet 6.

following steps to figure the allowed and

credit that can then be applied against tax is

Form 8586. Enter on line 15 of Form 8586

unallowed credits from passive activities

reduced by the amount of the basis

the passive activity low-income housing

held through PTPs.

adjustment.

credit allowed from column (d) of Worksheet

1. Figure the tax attributable to net

No basis adjustment can be elected on a

passive income for each PTP with current

Form 8834. Enter on line 23 of Form 8834

partial disposition of the corporation’s

year passive activity credits or prior year

the passive activity qualified electric vehicle

interest in a passive activity or if the

unallowed credits.

credit allowed from column (d) of Worksheet

disposition is not fully taxable. The amount

2. Use the smaller of the tax attributable

of any unallowed credit, however, may

to net income from passive activities of the

Form 8835. Enter on line 33 of Form 8835

remain available to offset the tax attributable

PTP or the credit (including prior year

the passive activity renewable electricity,

unallowed credits) from passive activities of

to net passive and net active income.

Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States.

You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect

the right amount of tax.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form

displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may

become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as

required by section 6103.

The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is:

Recordkeeping . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26 hr., 18 min.

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

5 hr., 15 min.

Preparing and sending the form to the IRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 hr., 55 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy

to hear from you. See the instructions for the tax return with which this form is filed.

-12-

Instructions for Form 8810 (2010)

Instructions For Form 8810 - Corporate Passive Activity Loss And Credit Limitations - 2010 Page 12

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