Instructions For Form 3468 - Investment Credit

generally considered passive activities, whether or not you

If the structure is . . . Located...... . . . . . . . .

Report on Line...

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

Other than a certified

In the GO Zone

10e

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

historic structure

or Form 8810, Corporate Passive Activity Loss and Credit

Limitations (for corporations).

Other than a certified

In the Midwestern

10f

historic structure

disaster area

Line 16

Other than a certified

Elsewhere than in the

10g

Enter the passive activity credit allowed for the 2008

historic structure

GO Zone or Midwestern

rehabilitation credit and the energy credit for tax years

disaster area

beginning after October 3, 2008, from Form 8582-CR or Form

8810.

Certified historic

In the GO Zone

10h

structure

Line 17

Use line 17 to show any carryback of the rehabilitation and

Certified historic

In the Midwestern

10i

structure

disaster area

energy credits if you amend your 2008 return to carry back an

unused credit from 2009.

Certified historic

Elsewhere than in the

10j

Note. Report any carryforward for years prior to 2008 of the

structure

GO Zone or Midwestern

rehabilitation credit and for years beginning before October 4,

disaster area

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

Report any carryback of the rehabilitation credit (for tax years

beginning in 2008) and the energy credit (for tax years

beginning after October 3, 2008), on the 2007 Form 6478,

If you are claiming a credit for a certified historic structure on

Alcohol and Cellulosic Biofuels Fuels Credit, line 10, and enter

lines 10h, 10i, or 10j, enter the assigned NPS project number

“ITC” to the left of the entry space.

on line 10k. If the qualified rehabilitation expenditures are from

an S corporation, partnership, estate, or trust, enter on line 10k

Paperwork Reduction Act Notice. We ask for the information

the employer identification number of the pass-through entity

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

instead of the assigned NPS project number, and skip line 10l

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

and the instructions below.

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

Enter the date of the final certification of completed work

us to figure and collect the right amount of tax.

received from the Secretary of the Interior on line 10l. If the final

You are not required to provide the information requested on

certification has not been received by the time the tax return is

a form that is subject to the Paperwork Reduction Act unless

filed for a year in which the credit is claimed, attach a copy of

the form displays a valid OMB control number. Books or

the first page of NPS Form 10-168a, Historic Preservation

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

Certification Application (Part 2 — Description of Rehabilitation),

long as their contents may become material in the

with an indication that it was received by the Department of the

administration of any Internal Revenue law. Generally, tax

Interior or the State Historic Preservation Officer, together with

returns and return information are confidential, as required by

proof that the building is a certified historic structure (or that

section 6103.

such status has been requested). After the final certification of

The time needed to complete and file this form will vary

completed work has been received, file Form 3468 with the first

depending on individual circumstances. The estimated burden

income tax return filed after receipt of the certification and enter

for individual taxpayers filing this form is approved under OMB

the assigned NPS project number and the date of the final

control number 1545-0074 and is included in the estimates

certification of completed work on the appropriate lines on the

shown in the instructions for their individual income tax return.

form. Also attach an explanation, and indicate the amount of

The estimated burden for all other taxpayers who file this form

credit claimed in prior years.

is shown below:

You must retain a copy of the final certification of completed

work as long as its contents may be needed for the

Recordkeeping . . . . . . . . . . . . . . . . . . . . . . . . . 26 hrs., 18 min.

administration of any provision of the Internal Revenue Code.

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

6 hrs., 21 min.

If the final certification is denied by the Department of

Interior, the credit is disallowed for any tax year in which it was

Preparing and sending the form to the IRS . . . . . . 10 hrs., 40 min.

claimed, and you must file an amended return if necessary. See

If you have comments concerning the accuracy of these time

Regulations section 1.48-12(d)(7)(ii) for details.

estimates or suggestions for making this form simpler, we

Line 14

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

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

tax return with which this form is filed.

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

which you did not materially participate. Rental activities are

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Instructions For Form 3468 - Investment Credit - 2008 Page 6

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