Form 8900 - Qualified Railroad Track Maintenance Credit - 2013
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38900
OMB No. 1545-1983
Qualified Railroad Track Maintenance Credit
2013
Form
Attach to your tax return.
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Department of the Treasury
Attachment
Information about Form 8900 and its instructions is at
144
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Internal Revenue Service
Sequence No.
Name(s) shown on return
Identifying number
Qualified railroad track maintenance expenditures paid or incurred (see
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instructions) .
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1
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Enter 50% (.50) of line 1 .
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3 a Number of miles of railroad track owned or leased by you (see
instructions) .
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3a
b Less: number of miles of railroad track owned or leased by you and
assigned to other eligible taxpayers for purposes of this credit. See
instructions for more information, including required statement .
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3b (
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c Number of miles of railroad track assigned to you by the owner or
lessee for purposes of this credit. See instructions for more
information, including required statement
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3c
d Total. Combine lines 3a through 3c .
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3d
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Multiply line 3d by $3,500
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4
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Enter the smaller of line 2 or line 4
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Qualified railroad track maintenance credit from partnerships and S corporations .
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Add lines 5 and 6. Partnerships and S corporations, report this amount on Schedule K. All
others, report this amount on Form 3800, line 4g .
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General Instructions
Class I railroads include only the following seven
entities:
Section references are to the Internal Revenue Code
• BNSF,
unless otherwise noted.
• CSX,
Who Must File
• Grand Trunk Corporation (a holding company for all of
Eligible taxpayers use Form 8900 to claim the railroad
Canadian National's U.S. railroad operations),
track maintenance credit (RTMC) for qualified railroad
• Kansas City Southern,
track maintenance expenditures (QRTME) paid or
• Norfolk Southern,
incurred during the tax year. If you are an assignor of
miles of eligible railroad track, you must file Form 8900
• Soo Line (owned by Canadian Pacific), and
even if you do not claim any RTMC. See the instructions
• Union Pacific.
for line 3b for the additional information that must be
provided by assignors.
Rail facilities of a Class II or Class III railroad are railroad
yards, tracks, bridges, tunnels, wharves, docks, stations,
Taxpayers, other than partnerships and S corporations,
and other related assets that are used in the transport of
whose only source of this credit is from a partnership or S
freight by a railroad and owned or leased by that railroad.
corporation, are not required to complete or file this form.
Instead, they can report this credit directly on Form 3800.
Railroad-related property is property that is provided
directly to a Class II or Class III railroad and is unique to
Definitions
railroads. For a complete description, see Regulations
section 1.45G-1(b)(7).
Eligible taxpayers include:
Railroad-related services are services that are provided
1. Any Class II or Class III railroad, as these terms are
directly to, and are unique to, a railroad and that relate to
defined by the Surface Transportation Board.
railroad shipping, loading and unloading of railroad
2. Any person (including a Class I railroad (see below))
freight, or repairs of rail facilities or railroad-related
who transports property using the rail facilities of a Class
property. For examples of what are and what are not
II or Class III railroad.
railroad-related services, see Regulations section
3. Any person (including a Class I railroad (see below))
1.45G-1(b)(8).
who furnishes railroad-related services or property to a
Eligible railroad track is railroad track located within the
Class II or Class III railroad.
United States that is owned or leased by a Class II or
For purposes of 2 or 3 above, the taxpayer is only
Class III railroad at the close of its tax year. The railroad is
eligible to claim the credit for miles of eligible railroad
treated as owning the railroad track if it is subject to
track assigned to it by a Class II or Class III railroad for
depreciation under section 167 by the railroad. Double
purposes of the credit. See the instructions for line 3c.
8900
For Paperwork Reduction Act Notice, see instructions.
Form
(2013)
Cat. No. 37708X
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