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Form 8835 (2004)

Page

Section B)—or the phaseout adjustment

controlled groups, regulated investment

Line 28, Section B only

line(s)—line 2 of Section A (lines 5, 8, or 21 of

companies, real estate investment trusts, and

Use only if you amend your 2004 return to

Section B). Attach the computations to Form

estates and trusts.

carry back an unused renewable electricity or

8835 and write “FY” in the margin.

refined coal production credit from 2005.

Line 18, Section A only

Line 10, Section A (Line 29, Section B)

Part I—Current Year Credit

Although you may not owe AMT, you generally

Pass-through entities should report the

must still compute the tentative minimum tax

Line 1 (Lines 2 and 19, Section B)

amount on lines 10 and 29 as follows.

(TMT) to figure your credit. For a small

corporation exempt from the AMT under section

Enter the kilowatt-hours of electricity produced

S corporations and partnerships. Allocate

55(e), enter zero. Otherwise, complete and attach

at qualified facilities and multiply by $.018.

the line 10 (line 29 of Section B) credit to the

the applicable AMT form or schedule. Enter on

Fiscal year filers with 2005 sales may have to

shareholders or partners. Attach Form 8835 to

line 18 the TMT from the line shown below.

refigure lines 1, 2, and 19 as explained under

the S corporation or partnership return, and

Fiscal year taxpayers above.

● Individuals: Form 6251, line 33.

show on Schedule K-1 each shareholder’s or

● Estates and trusts: Form 1041, Schedule I,

partner’s credit. Electing large partnerships

Line 3, Section B only

include this credit in “general credits.”

line 54.

Enter the kilowatt-hours of electricity produced

● Corporations: Form 4626, line 12.

Estates and trusts. Allocate the line 10 (line

and sold at qualified facilities during 2005 and

29 of Section B) credit between the estate or

Line 38, Section B only

multiply by the credit amount determined for

trust and the beneficiaries in proportion to the

2005. Fiscal filers with 2005 sales must figure

Enter the amount of all other allowed credits

income allocated to each. On the dotted line

lines 1, 2, and 19 as explained under Fiscal

for the current year included in the general

to the left of the entry space, enter the estate

year taxpayers above.

business credit. If you are filing Form 3800,

or trust’s share of the credit. Label it “1041

enter the amount from line 19 of that form

Line 2, Section A (Lines 5 and 21,

portion” and use it in Part II (or on Form 3800,

plus the following.

Section B)

if required) to figure the credit to claim on

● Form 8884, line 21.

Calendar year filers enter zero on lines 2, 5, and

Form 1041.

● Form 8844, line 24.

21. Fiscal year filers with sales in 2005 also enter

Part II—Allowable Credit

● The amount from the last line of any single

zero if the published 2005 reference price is

equal to or less than the 2005 adjusted thres-

separate general business credit form.

The credit allowed for the current year may be

hold price. See How To Figure the Credit to

limited based on your tax liability. If you are

Line 21, Section A (Line 40, Section B)

figure the adjustment.

completing Section B, you must complete Part

If you are completing Section A, and cannot

II to figure the allowable credit. If you are

Line 7, Section B only

use all of the credit because of the tax liability

completing Section A, use Part II to figure the

Enter the tons of refined coal produced and

limit (line 20 is smaller than line 10) carry the

allowable credit unless you must file Form

sold during 2004 from a qualified refined coal

unused credit back 1 year and then forward

3800, General Business Credit.

production facility and multiply by $5.351.

20 years.

Who must file Form 3800. You must file

Fiscal filers with 2005 sales must figure line 7

If you are completing Section B, and

Form 3800 if you have:

as explained under Fiscal year taxpayers

cannot use all of the credit because of the

● A renewable electricity production credit

above.

tax liability limit (line 39 is smaller than

from a passive activity (in Section A),

Line 8, Section B only

line 29), you cannot carry the unused credit

● More than one credit included in the general

back; you must carry the unused credit

Calendar year filers enter zero on line 8. Fiscal

business credit (other than a credit from Form

forward for 20 years.

year filers with sales in 2005 also enter zero if

8844, Form 8884, or Section B of Form 8835),

the published 2005 reference price is equal to

or less than 1.7 times the 2002 reference

● A carryback or carryforward of any of those

Paperwork Reduction Act Notice. We ask

price. See How To Figure the Credit to figure

credits.

for the information on this form to carry out

the adjustment.

the Internal Revenue laws of the United

See the instructions for Form 3800 to find out

Line 4, Section A (Line 11, Section B)

States. You are required to give us the

which credits are included in the general busi-

Enter the sum, for this and all prior tax years,

information. We need it to ensure that you are

ness credit.

of:

complying with these laws and to allow us to

Line 11, Section A (Line 30, Section B)

● Grants provided by the United States, a

figure and collect the right amount of tax.

Enter the regular tax before credits from

state, or political subdivision of a state for the

You are not required to provide the

the following line of the appropriate form or

project;

information requested on a form that is

schedule.

● Proceeds of a tax-exempt issue of state or

subject to the Paperwork Reduction Act

unless the form displays a valid OMB control

● Individuals. Enter the amount from Form

local government obligations used to provide

number. Books or records relating to a form

financing for the project;

1040, line 43.

or its instructions must be retained as long as

● Total of subsidized energy financing

● Corporations. Enter the amount from Form

their contents may become material in the

provided directly or indirectly under a Federal,

1120, Schedule J, line 3; Form 1120-A, Part I,

administration of any Internal Revenue law.

state, or local program provided for the

line 1; or the applicable line of your return.

Generally, tax returns and return information

project; and

● Estates and trusts. Enter the sum of the

are confidential, as required by section 6103.

● The amount of any other credit allowable for

amounts from Form 1041, Schedule G, lines

The time needed to complete and file this

1a and 1b, or the amount from the applicable

any property that is part of the project.

form will vary depending on individual

line of your return.

Line 25, Section B only

circumstances. The estimated average time

Line 12, Section A (Line 31, Section B)

is:

Enter the amount included on line 24 that is

Enter the alternative minimum tax (AMT) from

Recordkeeping

21 hr., 16 min.

from a passive activity. Generally, a passive

the following line of the appropriate form or

Learning about the law

activity is a trade or business in which you did

schedule.

or the form

1 hr.

not materially participate. Rental activities are

● Individuals. Enter the amount from Form

Preparing and sending

generally considered passive activities,

the form to the IRS

1 hr., 22 min.

whether or not you materially participate. For

6251, line 35.

details, see Form 8582-CR, Passive Activity

● Corporations. Enter the amount from Form

If you have comments concerning the

Credit Limitations (for individuals, trusts, and

4626, line 14.

accuracy of these time estimates or

estates), or 8810, Corporate Passive Activity

● Estates and trusts. Enter the amount from

suggestions for making this form simpler, we

Loss and Credit Limitations (for corporations).

Form 1041, Schedule I, line 56.

would be happy to hear from you. See the

instructions for the tax return with which this

Line 27, Section B only

Line 17, Section A (Line 36, Section B)

form is filed.

Enter the passive activity credit allowed for the

See section 38(c)(5) for special rules that apply

2004 renewable electricity and refined coal

to married couples filing separate returns,

production credit from Form 8582-CR or

Form 8810.

Form 8835 Instructions - Renewable Electricity, Refined Coal, And Indian Coal Production Credit Page 2

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