Form 8908 (Draft) - Energy Efficient Home Credit

2015

Department of the Treasury

Internal Revenue Service

Instructions for Form 8908

Energy Efficient Home Credit

Section references are to the Internal Revenue Code

2014 (when the credit was still available) and ends during

DRAFT AS OF

unless otherwise noted.

their 2015 tax year. All other taxpayers report this credit

directly on line 1p in Part III of Form 3800, General

General Instructions

Business Credit.

Future Developments

Specific Instructions

August 25, 2015

For the latest information about developments related to

Lines 1a, 1b, 2a, and 2b

Form 8908 and its instructions, such as legislation

enacted after they were published, go to

These lines are now shown as "Reserved" in case

form8908.

Congress extends the credit for 2015. When any form,

What’s New

worksheet, or instruction refers to these lines, treat the

amounts on these lines as zero.

The energy efficient home credit expired for qualified new

Line 3

energy efficient homes sold or leased after 2014.

Enter total energy efficient home credits from:

At the time these instructions went to print,

Schedule K-1 (Form 1065), Partner's Share of Income,

Congress had not enacted legislation on expired

Deductions, Credits, etc., box 15 (code P); and

provisions. To find out if this legislation has been

CAUTION

Schedule K-1 (Form 1120S), Shareholder's Share of

enacted, go to

formspubs

Income, Deductions, Credits, etc., box 13 (code P).

form8908.

Partnerships and S corporations must always report the

Purpose of Form

above credits on line 3. All other filers:

Partnerships and S corporations use the 2015 Form 8908

Report the above credits directly on Form 3800, Part III,

to report any energy efficient home credit they receive

line 1p; and

from a fiscal year partnership whose tax year began in

Do not file Form 8908.

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 burden

for individual taxpayers filing this form is approved under OMB control number 1545-0074 and is included in the

estimates shown in the instructions for their individual income tax return. The estimated burden for all other taxpayers

who file this form is shown below.

Recordkeeping

2 hr., 9 min.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Learning about the law or the form

12 min.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Preparing and sending the form to the IRS

14 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.

Aug 25, 2015

Cat. No. 66390D

Form 8908 (Draft) - Energy Efficient Home Credit - 2015 Page 2

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