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Tax Return for Cooperative Associations,

limited by the passive activity limitations. If

Credits that may be reported with code P

Schedule J, line 5c.

the credits are from more than one activity,

include the following.

the partnership will identify the credits from

New markets credit (Form 8874).

Codes A, B, C, and D. Low-income hous-

each activity on an attached statement. See

Qualified railroad track maintenance

ing credit. If section 42(j)(5) applies, the

Passive Activity

Limitations, earlier, and the

credit (Form 8900).

partnership will report your share of the

Instructions for Form 8582-CR for details.

Unused investment credit from the

low-income housing credit using code A or

qualifying advanced coal project credit,

Code H. Undistributed capital gains cred-

code C, depending on the date the building

qualifying gasification project credit, or

it. Code H represents taxes paid on

was placed in service. If section 42(j)(5)

qualifying advanced energy project credit

undistributed capital gains by a regulated

doesn't apply, your share of the credit will be

allocated from cooperatives (Form 3468,

investment company or real estate

reported using code B or code D, depending

line 9).

investment trust. Report these taxes on

on the date the building was placed in

Unused investment credit from the

line 73 of Form 1040, check box “a” for Form

service. Any allowable low-income housing

rehabilitation credit or energy credit allocated

2439, and enter “Form 1065.”

credit reported using code A or code B is

from cooperatives (Form 3468, line 13).

reported on line 4 of Form 8586, Low-Income

Renewable electricity, refined coal, and

Code I. Biofuel producer credit. Report

Housing Credit, or line 1d of Form 3800 (see

this amount on line 3 of Form 6478, Biofuel

Indian coal production credit. The

TIP, earlier). Any allowable low-income

partnership will provide a statement showing

Producer Credit, or line 4c of Form 3800,

housing credit reported using code C or

Part III (see TIP, earlier).

the allocation of the credit for production

code D is reported on line 11 of Form 8586

during the 4-year period beginning on the

Code J. Work opportunity credit. Report

or line 4d of Form 3800.

date the facility was placed in service and for

this amount on line 3 of Form 5884, Work

production after that period.

Keep a separate record of the

Opportunity Credit, or line 4b of Form 3800,

Indian employment credit (Form 8845).

low-income housing credit from each

Part III (see TIP, earlier).

Orphan drug credit (Form 8820).

separate source so that you can correctly

Enhanced oil recovery credit (Form 8830).

Code K. Disabled access credit. Report

figure any recapture of low-income housing

Credit for small employer pension plan

this amount on line 7 of Form 8826, Disabled

credit that may result from the disposition of

startup costs (Form 8881).

Access Credit, or line 1e of Form 3800, Part

all or part of your partnership interest. For

Credit for employer-provided childcare

III (see TIP, earlier).

more information on recapture, see the

facilities and services (Form 8882).

Instructions for Form 8611, Recapture of

Code L. Empowerment zone employment

Biodiesel and renewable diesel fuels

Low-Income Housing Credit.

credit. Report this amount on line 3 of Form

credit. If this credit includes the small

8844, Empowerment Zone Employment

Code E. Qualified rehabilitation expendi-

agri-biodiesel producer credit, the

Credit, or line 3 of Form 3800, Part III (see

tures (rental real estate). The partnership

partnership will provide additional

TIP, earlier).

will report your share of the qualified

information on an attached statement. If no

rehabilitation expenditures and other

statement is attached, report this amount on

Code M. Credit for increasing research

information you need to complete Form 3468

line 9 of Form 8864. If a statement is

activities. Report this amount on line 37 of

related to rental real estate activities using

attached, see the instructions for Form 8864,

Form 6765, Credit for Increasing Research

code E. Your share of qualified rehabilitation

line 9.

Activities, or in Part III of Form 3800 (see TIP,

expenditures from property not related to

Low sulfur diesel fuel production credit

earlier) as follows.

rental real estate activities will be reported in

(Form 8896).

The partnership will provide information

box 20 using code D. See the Instructions for

General credits from an electing large

necessary to determine if it is an eligible

Form 3468 for details. If the partnership is

partnership. Report these credits on Form

small business under section 38(c)(5)(C). If

reporting expenditures from more than one

3800, Part III, line 1bb.

you and the partnership are eligible small

activity, the attached statement will

Oil and gas production from marginal

businesses, report the credit on line 4i. For

separately identify the expenditures from

wells (Form 8904).

more information, see the Instructions for

each activity.

Distilled spirits credit (Form 8906).

Form 3800.

Energy efficient home credit (Form 8908).

Combine the expenditures (for Form

All others, report the credit on line 1c.

Alternative motor vehicle credit (Form

3468 reporting) from box 15, code E and

Code N. Credit for employer social se-

8910).

box 20, code D. The expenditures related to

curity and Medicare taxes. Report this

Alternative fuel vehicle refueling property

rental real estate activities (box 15, code E)

amount on line 5 of Form 8846, Credit for

credit (Form 8911).

are reported on Schedule K-1 separately

Employer Social Security and Medicare

Clean renewable energy bond credit.

from other qualified rehabilitation

Taxes Paid on Certain Employee Tips, or

Report this amount on Form 8912.

expenditures (box 20, code D) because they

line 4f of Form 3800, Part III (see TIP,

New clean renewable energy bond credit.

are subject to different passive activity

earlier).

Report this amount on Form 8912.

limitation rules. See the Instructions for Form

Qualified energy conservation bond

8582-CR for details.

Code O. Backup withholding. This is your

credit. Report this amount on Form 8912.

share of the credit for backup withholding on

Code F. Other rental real estate credits.

Qualified zone academy bond credit.

dividends, interest income, and other types

The partnership will identify the type of credit

Report this amount on Form 8912.

of income. Include this amount in the total

and any other information you need to figure

Qualified school construction bond credit.

you enter on Form 1040, line 64, and attach

these credits from rental real estate activities

Report this amount on Form 8912.

a copy of the Schedule K-1 to your tax

(other than the low-income housing credit

Build America bond credit. Report this

return. Instead of attaching a copy of the

and qualified rehabilitation expenditures).

amount on Form 8912.

Schedule K-1 to the tax return, you can

These credits may be limited by the passive

Mine rescue team training credit (Form

include a statement with the return that

activity limitations. If the credits are from

8923).

provides the partnership's name, address,

more than one activity, the partnership will

Agricultural chemicals security credit

EIN, and backup withholding amount.

identify the credits from each activity on an

(Form 8931).

attached statement. See

Passive Activity

Code P. Other credits. On a statement

Credit for employer differential wage

Limitations, earlier, and the Instructions for

attached to Schedule K-1, the partnership

payments (Form 8932).

Form 8582-CR for details.

will identify the type of credit and any other

Carbon dioxide sequestration credit (Form

information you need to figure credits other

8933).

Code G. Other rental credits. The

than those reported with codes A through O.

Qualified plug-in electric drive motor

partnership will identify the type of credit and

Most credits identified by code P will be

vehicle credit (Form 8936).

any other information you need to figure

reported on Form 3800 (see TIP, earlier).

these rental credits. These credits may be

Partner's Instructions for Schedule K-1 (Form 1065)

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Instructions For Schedule K-1 (Form 1065) - Partner'S Share Of Income, Deductions, Credits, Etc. - 2017 Page 12

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