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claiming a credit that was allocated to you from an S

Total of subsidized energy financing provided directly

corporation, partnership, cooperative, estate, or trust.

or indirectly under a federal, state, or local program

provided for the project; and

Fiscal year taxpayers. If you have sales in 2015 and

The amount of any federal tax credit allowable for any

2016 and the credit rate on line 13, 14, 18, or 22 (or the

property that is part of the project.

phaseout adjustment on line 16 or 19) is different for

2016, make separate computations for each line. Use the

Line 9 and Line 29

respective sales, credit rate, and phaseout adjustment for

Enter total renewable electricity, refined coal, and Indian

each calendar year. Enter the total of the two

coal production credits from:

computations on the credit rate line(s) (line 13, 14, 18, or

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

22) or the phaseout adjustment line(s) (line 16 or 19).

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

Attach the computations to Form 8835 and write “FY” in

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

the margin.

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

Line 13

Schedule K-1 (Form 1041), Beneficiary's Share of

Income, Deductions, Credits, etc., box 13 (code J); and

Enter the kilowatt-hours of electricity produced at the

Form 1099-PATR, Taxable Distributions Received

applicable qualified facilities and multiply by $.023. Fiscal

From Cooperatives, box 10.

year filers with 2016 sales may have to refigure line 13 as

explained under Fiscal year taxpayers above.

Partnerships and S corporations must always report on

line 9 the above credits related to Part I renewable

Line 14

electricity production credit and on line 29 the above

Enter the kilowatt-hours of electricity produced and sold at

credits related to Part II renewable electricity, refined coal,

the applicable qualified facilities and multiply by $.012.

and Indian coal production credit. Also, estates and trusts

Fiscal year filers with 2016 sales must figure line 14 as

that can allocate the source credit to beneficiaries and

explained under Fiscal year taxpayers above.

cooperatives that can allocate the credit to patrons must

always report on line 9 the above credits related to Part I

Line 16

renewable electricity production credit and on line 29 the

Calendar year filers enter zero on line 16. Fiscal year filers

above credits related to Part II renewable electricity,

with sales in 2016 also enter zero if the published 2016

refined coal, and Indian coal production. All other filers

reference price is equal to or less than the 2016 adjusted

figuring a separate credit on earlier lines must also report

threshold price. See

How To Figure the

Credit, earlier, to

the above credits on the applicable line 9 or line 29. All

figure the adjustment.

others not using earlier lines to figure a separate credit

can report the above credits directly on Form 3800, Part

Line 18

III, line 1f or line 4e.

Enter the tons of refined coal produced and sold during

2015 from a qualified refined coal production facility and

Line 10 and Line 30

multiply by $6.710. Fiscal year filers with 2016 sales must

Partnerships that own and produce electricity from

figure line 18 as explained under Fiscal year taxpayers

qualified wind facilities should see Rev. Proc. 2007-65,

above.

2007-45 I.R.B. 967, as modified by Announcement

2009-69, 2009-40 I.R.B. 475, for information on how to

Line 19

allocate the credit. Rev. Proc. 2007-65 is available at

Calendar year filers enter zero on line 19. Fiscal year filers

and

with sales in 2016 also enter zero if the published 2016

Announcement 2009-69 is available at

reference price is equal to or less than 1.7 times the 2002

reference price. See

How To Figure the

Credit, earlier, to

figure the adjustment.

Line 11 and Line 31

Line 21

Cooperative election to allocate credit to patrons. A

cooperative described in section 1381(a) that is more than

This line is reserved for future use.

50% owned by agricultural producers or by entities owned

Line 22

by agricultural producers can elect to allocate any part of

the renewable electricity, refined coal, and Indian coal

Enter the tons of Indian coal produced and sold from a

production credit among the patrons of the cooperative.

qualified Indian coal facility and multiply by $2.354.

The credit is allocated among the patrons eligible to share

Line 24

in patronage dividends on the basis of the quantity or

value of business done with or for such patrons for the tax

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

year.

Grants provided by the United States, a state, or

If the cooperative is subject to the passive activity rules,

political subdivision of a state for the project;

include on line 9 any Part I renewable electricity

Proceeds of a tax-exempt issue of state or local

production credit and on line 29 any Part II renewable

government obligations used to provide financing for the

electricity, refined coal, and Indian coal production credit

project;

from passive activities disallowed for prior years and

carried forward to this year. Complete Form 8810,

Corporate Passive Activity Loss and Credit Limitations, to

-4-

Instructions for Form 8835 (2015)

Instructions For Form 8835 - Renewable Electricity, Refined Coal, And Indian Coal Production Credit - 2015 Page 4

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