Instructions For Form 8912 - Credit To Holders Of Tax Credit Bonds

pass-through entity that didn't issue a Form 1097-BTC) is limited

For a new clean renewable energy bond or a qualified

to the amount of tax attributable to your taxable income from

energy conservation bond, the credit is limited to 70%

your interest in the pass-through entity distributing the credit.

(0.70) of the total credit figured for the tax year. The

CAUTION

Figure the credit limitation separately for each interest in a

amount reported in boxes 5a-5l of Form 1097-BTC and that is

pass-through entity using the following limitation formula.

included in line 14 shouldn't exceed 70% of the credit figured

under section 54A(b) for these bonds.

Taxable income for the year attributable to your interest in the

Part IV—Bond credits from bonds held by you

pass-through entity

Line 11 x

and/or your nominee not reported to you on

Taxable income for the year

Form 1097-BTC

Complete and attach a Part IV for each bond you held or bond

credits received from a pass-through entity that weren't reported

If in the current tax year you had no taxable income attributable

to you on Form(s) 1097-BTC. Complete and attach as many

to a particular interest in a pass-through entity, you can't claim

copies of Part IV as you need to claim the credit(s) for each bond

any CREB credit this tax year for that interest.

you held directly or through a nominee and for which you didn't

All taxpayers (other than estates and trusts). For line 12,

receive a Form 1097-BTC. Also, complete a separate Part IV for

add the line 1 and line 2 credits separately figured for each

each bond credit passed through to you from a pass-through

interest in a pass-through entity (as limited by the formula above

entity for which a Form 1097-BTC wasn't issued. If multiple

for each such interest) to the total credit on line 4 not attributable

copies of Part IV are completed, enter the total of all Parts IV,

to that pass-through entity. Enter on line 12 the smaller of this

lines 20, on Part I, line 2.

result or the amount on line 11. This limitation only applies to a

CREB credit received from a pass-through entity.

Note. If you are reporting a bond credit received from a

Estates and trusts. For line 12, add the line 1 and line 2

pass-through entity, complete lines 15a and 15b and enter the

credits separately figured for each interest in a pass-through

credit amount on line 18, column (f).

entity (as limited by the formula above for each such interest) to

the total credit on line 6 not attributable to that pass-through

Line 15a

entity. Enter on line 12 the smaller of this result or the amount on

line 11. This limitation only applies to a CREB credit received

Enter the bond issuer's name and address. If the credit was

from a pass-through entity.

received from a pass-through entity, enter the name of the entity

distributing the bond credit.

Part III—Bond credit(s) reported to you on

Form(s) 1097-BTC

Line 15b

Part III is used to list and total credits that are reported to you on

Enter the bond issuer's employer identification number. If the

Form(s) 1097-BTC. Complete and attach as many copies of Part

credit was received from a pass-through entity, enter the

III as needed to list the credits you are reporting for the current

employer identification number of the pass-through entity

tax year. Don't include credit amounts previously claimed on any

distributing the credit.

of your returns. If multiple copies of Part III are completed, enter

the total of all Parts III, lines 14, on Part I, line 1.

Line 17

Line 13, Column (b1)

If the bond was redeemed, sold, or otherwise disposed of, enter

the date.

Enter the Form 1097-BTC issuer's federal identification number

shown on Form 1097-BTC.

Line 18, Column (a)

Line 13, Column (b2)

Enter the CUSIP number of the bond. If there is no CUSIP

number, enter the principal payment dates of the bond. For

Enter the unique identifier shown in box 2b of Form 1097-BTC.

CREBs, enter the CUSIP number and principal payment dates.

For BABs, enter the CUSIP number and interest payment dates.

Line 13, Column (c)

Enter the amount shown in box 1 of any Form 1097-BTC you

Line 18, Column (b)

receive.

Enter the face amount of the CREB, qualified tax credit bond, or

If you receive Form(s) 1097-BTC from any

QZAB (issued before October 4, 2008) minus any payment of

pass-through entity reporting your share of bond

principal received. For a BAB, enter the amount of interest

credits, report the credit on Part III, line 13.

payable.

CAUTION

Line 18, Column (c)

Note. Fiscal year filers should use information from applicable

boxes 5a through 5l, Form 1097-BTC, to claim the credit for their

The credit rate for the CREB, qualified tax credit bond, and

fiscal tax year.

QZAB (issued before October 4, 2008) is the rate published on

the Treasury Direct website under “IRS Tax Credit Bond Rates”

Line 14

for the

first day on which there is a binding contract in writing for the

Add the amounts listed on line 13, column (c) and enter the total

sale or exchange of the bond.

on line 14. If you complete and attach 1 copy of Part III, enter the

amount from line 14 on line 1. If you complete and attach

The credit rate for QZABs issued before July 1, 1999, is

multiple copies of Part III, add the amounts entered for all lines

110% of the long-term applicable federal rate (AFR),

14 and enter the total on line 1.

compounded annually, for the month and year the bond is

issued. The IRS announces the long-term AFR monthly in a

-3-

Instructions For Form 8912 - Credit To Holders Of Tax Credit Bonds - 2015 Page 3

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