Instructions For Form 8908 - Energy Efficient Home Credit

RESNET publications at

again be considered in determining the energy efficient

taxcredits/procedures.pdf.

home credit. See section 45L(f).

Certification

Line 2

An eligible contractor must obtain a certification that the

For each manufactured home that meets the 30% energy

dwelling unit meets the requirements of section 45L(c)

efficient standard, the allowable credit is $1,000.

from an eligible certifier before claiming the section 45L

Reduce the expenses incurred in the construction of

credit. The certification will be treated as satisfying the

each new home by the amount of the credit. Expenses

requirements of section 45L(c) if all the construction has

taken into account for either the rehabilitation credit or

been performed in a manner consistent with the design

energy credit part of the investment tax credit may not

specifications provided to the eligible certifier and the

again be considered in determining the energy efficient

certification contains all of the information required by

home credit. See section 45L(f).

section 3 of Notice 2008-35, available at

Line 3

2008-12_IRB/ar14.html, or, for manufactured homes,

section 3 or section 4 of Notice 2008-36, available at

Enter total energy efficient home credits from:

2008-12_IRB/ar15.html.

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

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

Specific Instructions

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

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

Line 1

Partnerships and S corporations must always report the

For each home that meets the 50% energy efficient

above credits on line 3. All other filers figuring a separate

standard, the allowable credit is $2,000.

credit on earlier lines must also report the above credits

Reduce the expenses incurred in the construction of

on line 3. All others not using earlier lines to figure a

each new home by the amount of the credit. Expenses

separate credit can report the above credits directly on

taken into account for either the rehabilitation credit or

Form 3800, Part III, line 1p.

energy credit part of the investment tax credit may not

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.

-2-

Instructions for Form 8908 (2015)

Instructions For Form 8908 - Energy Efficient Home Credit - 2015 Page 2

Related Articles

Related forms

Related Categories