Fillable Form 8610 - Annual Low-Income Housing Credit Agencies Report

Form 8610 (2017)

Page

Part I

On line 6a, enter the total amounts reported on all Forms

8609, Part I, line 1b, that are included on line 1 of this Form

Line 1

8610. On line 6b, enter the total amounts reported as

carryover allocations that are included on line 3 of this Form

Enter the total number of Forms 8609 attached to this Form

8610.

8610 that were used to allocate credit during 2017. Don’t

include Forms 8609 issued to taxpayers that reflect credit

Part III

allocations made prior to 2017 on section 42(h)(1)(E) or

42(h)(1)(F) carryover allocation documents.

Line 14

Line 2a

Include all low-income buildings within the 15-year

compliance period as of the end of the reporting year that

Enter the total number of Forms 8609 attached to this Form

were subject to compliance monitoring under Regulations

8610 for:

section 1.42-5. Line 14 also includes buildings financed with

• Credit allocations made prior to 2017 on section 42(h)(1)(E)

tax-exempt bonds and by the Rural Housing Service.

or 42(h)(1)(F) carryover allocation documents, and

Line 15

• Credits attributable to projects financed by tax-exempt

Of the low-income buildings reported on line 14, enter the

bonds subject to volume cap under section 42(h)(4).

number of buildings that have been physically inspected

Part II

and/or subjected to the sampling for unit inspections and

tenant file reviews at least once in the last 3 years. Consider

Line 5a

the physical inspections and tenant file reviews completed if

A state’s population is determined according to section

the owner has been provided notice of the results.

146(j). See Notice 2017-19, 2017-09 I.R.B. 1000, for

Caution: If line 14 doesn’t equal line 15, attach an

applicable population figures.

explanation to the Form 8610 to explain the difference. See

Rev. Proc. 2016-15, 2016-11 I.R.B. 435.

Line 5b

Don’t include on this line allocations made and returned in

Paperwork Reduction Act Notice

the same year.

We ask for the information on this form to carry out the

Line 5c

Internal Revenue laws of the United States. You are required

to give us the information. We need it to ensure that you are

Enter the “Amount Allocated,” if any, for your state in Rev.

complying with these laws and to allow us to figure and

Proc. 2017-54, 2017-42 I.R.B. 336.

collect the right amount of tax.

Line 5e

You are not required to provide the information requested

If the 2016 Form 8610 was amended, enter the amount (if

on a form that is subject to the Paperwork Reduction Act

any) from the amended Form 8610, line 9.

unless the form displays a valid OMB control number. Books

or records relating to a form or its instructions must be

Line 5f

retained as long as their contents may become material in

This is the state housing credit ceiling available for

the administration of any Internal Revenue law. Generally,

allocations during 2017.

tax returns and return information are confidential, as

required by section 6103.

Line 5g

The time needed to complete and file the following forms

Not more than 90% of the line 5f amount is allowed to be

will vary depending on individual circumstances. The

allocated to projects other than qualified low-income

estimated average times are:

housing projects described in section 42(h)(5)(B).

Sch. A

Enter the sum of the following amounts.

(Form 8610)

Form 8610

• Any amount reported on line 1b of an attached Form 8609

Recordkeeping .

7 hr., 39 min.

3 hr., 49 min.

with box 6f checked.

Learning about the law or

the form .

1 hr., 59 min.

24 min.

• Any amount reported on line 5 of an attached Schedule A

(Form 8610) with question 3b answered “Yes.”

Preparing and sending the

form to the IRS .

2 hr., 12 min.

28 min.

Lines 6a and 6b

If you have comments concerning the accuracy of these

Enter on the applicable line the dollar amount actually

time estimates or suggestions for making this form simpler,

allocated during 2017. Don’t include the following.

we would be happy to hear from you. You can send us

comments from Or you can

• Credits allowed to tax-exempt bond financed projects

write to the Internal Revenue Service, Tax Forms and

under section 42(h)(4). These credits don’t count against the

Publications Division, 1111 Constitution Ave. NW, IR‐6526,

total state housing ceiling authorized on line 5f.

Washington, DC 20224. Don’t send the form to this office.

• Amounts allocated and returned during the year, unless

such amounts are reallocated by the close of the year.

Form 8610 - Annual Low-Income Housing Credit Agencies Report - 2017 Page 3

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