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Estates and trusts. Allocate the credit on line 10 or line

The amount of any federal tax credit allowable for any

property that is part of the project.

30 between the estate or trust and the beneficiaries in the

same proportion as income was allocated and enter the

Line 10 and Line 30

beneficiaries’ share on line 11 or line 31.

Partnerships that own and produce electricity from

If the estate or trust is subject to the passive activity

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

rules, include on line 9 any Part I renewable electricity

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

production credit and on line 29 any Part II renewable

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

electricity, refined coal, and Indian coal production credit

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

from passive activities disallowed for prior years and

and

carried forward to this year. Complete Form 8582-CR,

Announcement 2009-69 is available at

Passive Activity Credit Limitations, to determine the

allowed credit that must be allocated between the estate

or trust and the beneficiaries. For details, see the

Line 11 and Line 31

Instructions for Form 8582-CR.

Cooperative election to allocate credit to patrons. A

Paperwork Reduction Act Notice. We ask for the

cooperative described in section 1381(a) that is more

information on this form to carry out the Internal Revenue

than 50 percent owned by agricultural producers or by

laws of the United States. You are required to give us the

entities owned by agricultural producers can elect to

information. We need it to ensure that you are complying

allocate any part of the renewable electricity, refined coal,

with these laws and to allow us to figure and collect the

and Indian coal production credit among the patrons of

right amount of tax.

the cooperative. The credit is allocated among the

patrons eligible to share in patronage dividends on the

You are not required to provide the information

basis of the quantity or value of business done with or for

requested on a form that is subject to the Paperwork

such patrons for the tax year.

Reduction Act unless the form displays a valid OMB

control number. Books or records relating to a form or its

If the cooperative is subject to the passive activity

instructions must be retained as long as their contents

rules, include on line 9 any Part I renewable electricity

may become material in the administration of any Internal

production credit and on line 29 any Part II renewable

Revenue law. Generally, tax returns and return

electricity, refined coal, and Indian coal production credit

information are confidential, as required by section 6103.

from passive activities disallowed for prior years and

carried forward to this year. Complete Form 8810,

The time needed to complete and file this form will

Corporate Passive Activity Loss and Credit Limitations, to

vary depending on individual circumstances. The

determine the allowed credits that can be allocated to

estimated burden for individual taxpayers filing this form

patrons. For details, see the Instructions for Form 8810.

is approved under OMB control number 1545-0074 and

is included in the estimates shown in the instructions for

The cooperative is deemed to have made the election

their individual income tax return. The estimated burden

by completing line 11 or line 31, as applicable. However,

for all other taxpayers who file this form is shown below.

the election is not effective unless (a) made on a timely

filed return (including extensions) and (b) the

Recordkeeping . . . . . . . . . . . . . . . . . . . . . . . 16 hr., 44 min.

organization designates the apportionment in a written

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

2 hr., 47 min.

notice mailed to its patrons during the payment period

Preparing and sending the form to the IRS . .

3 hr., 10 min.

described in section 1382(d).

If you timely file your return without making an

If you have comments concerning the accuracy of

election, you can still make the election by filing an

these time estimates or suggestions for making this form

amended return within 6 months of the due date of the

simpler, we would be happy to hear from you. See the

return (excluding extensions). Enter “Filed pursuant to

instructions for the tax return with which this form is filed.

section 301.9100-2” on the amended return.

Once made, the election cannot be revoked.

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Instructions For Form 8835 - Renewable Electricity, Refined Coal, And Indian Coal Production Credit - 2011 Page 4

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