Form 1097-Btc - Bond Tax Credit - 2016 (Page 4 of 6) in pdf

Instructions for Recipient

hyphen and then an account number or other unique identifying

Issuers of certain tax credit bonds or their agents, and recipients of

number.

Form 1097-BTC from the bond issuer or agent who are further

distributing the credit, such as brokers, nominees, mutual funds, or

If no CUSIP number is available, the account number, or other

partnerships must report to you on at least a quarterly basis, and file

unique identifying number by which the bond transaction is tracked by

with the IRS annually on a separate Form 1097-BTC, the amount of

the issuer, is shown in box 2b.

tax credit you are allowed for each month of the calendar year (see

C—CUSIP number

instructions).

A—account number

Recipient's identification number. For your protection, this form may

O—any other identifier

show only the last four digits of your social security number (SSN),

individual taxpayer identification number (ITIN), adoption taxpayer

Box 2b. Shows the unique identifier assigned by the Form 1097-BTC

identification number (ATIN), or employer identification number (EIN).

issuer, limited to 39 alphanumeric characters.

However, the issuer has reported your complete identification number

Box 3. Shows the codes for tax credit bonds that are reported on

to the IRS.

separate Forms 1097-BTC:

You will not receive a separate fourth quarter report. The

▲

101 - Clean renewable energy bond

credits for the fourth quarter will be reported together with

199 - Other

the annual aggregate total amount of allowable credits

provided to you by February 15, 2017.

CAUTION

Boxes 5a–5l. Shows the amount of the credit you are allowed for the

month during the calendar year.

Note: The first three quarters reported on the annual report are

duplicative amounts previously reported. You are allowed to take the

You may be entitled to claim a credit against your income tax

credit amount from each quarter only once.

liabilities, subject to certain limitations under section 54A(c).

The check box shows if the filer is the issuer of the bond or its

Additionally, clean renewable energy bond credits received from a

agent, or is an entity or a person that received or should have received

pass-through entity are limited to the income received from the pass-

this form and is making a further distribution of the credit.

through entity. New clean renewable energy bond and qualified

energy conservation bond credits are limited to 70% of the credit

Box 1. Shows the aggregate total of credits allowed for the calendar

amounts determined under section 54A(b); the credit reported on

year.

Form 1097-BTC is the credit amount after the 70% limit has been

Box 2a. Indicates if the unique identification number is your account

applied. For more information, see Form 8912.

number, the CUSIP number of the bond, or another identifier. For

Box 6. May show any additional information provided by the form

filings of Form 1097-BTC by the issuer of the bond or its agent (as

issuer.

indicated by the first checkbox being checked), the first nine

Future developments. For the latest information about

characters of the unique identifier in box 2b must be the CUSIP

developments related to Form 1097-BTC and its instructions, such as

number, if available. For further identification, if necessary or desired

legislation enacted after they were published, go to

by the issuer, the CUSIP number can be followed by an optional

form1097btc.

Form 1097-Btc - Bond Tax Credit - 2016 Page 4

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