Instructions For Form 3800 - 2016 (Page 4 of 6) in pdf

community employment credit reported on

carryback amount on Part II, line 35. See

If you are reporting a credit reported to

Part III, line 3, plus any prior year

the instructions for Part I, line 4, for

you on Form 1099-PATR, Taxable

unallowed passive activity empowerment

the required statement that must be

Distributions Received From

zone and renewal community employment

attached to your tax return.

Cooperatives, you must enter that

credit. See the instructions for the

cooperative's EIN under column (b) for

Line 38

applicable form for details.

that credit.

If Part II, line 38, is smaller than the sum of

A separate Part III will be needed to

If no credits allowed, enter zero on

Part I, line 6, and Part II, lines 25 and 36,

report the EIN of the pass-through entity,

line 24.

see

Carryback and Carryforward of

including cooperatives, and the amount of

Unused

Credit, earlier.

See the instructions for Part I, line 3, for

credit from that entity, if a credit is

the definition of a passive activity.

received from more than one source and

Part III. General Business

one of the sources is a pass-through

Line 33

Credits or Eligible Small

entity, including a cooperative. Column (b)

Enter the applicable passive activity credit

Business Credits

is only completed for any Part III with box

amount for general business credits

A or B checked.

Complete a separate Part III for each box

allowed against TMT and eligible small

checked. In addition, for each box A or B

Don't enter an EIN under column

business credits allowed from Form

checked, if you have a credit from more

(b) when completing Part III with

8582-CR or Form 8810. See the

TIP

than one source and one of the sources is

box C, D, or G checked.

instructions for the applicable form for

a pass-through entity, including a

details.

cooperative (see

Column

(b), later), a

Limitation on Certain Credits

The passive activity credit amount

separate Part III is needed for each

allowed on Part II, line 33, only applies to

pass-through entity for which you received

The aggregate amount from each credit

the general business credits from Part II,

the same credit. As a result, one checkbox

form is usually reported on the appropriate

line 32, plus any prior year unallowed

could have multiple Parts III if you receive

line of Form 3800, Part III, for the

passive activity credit from general

a single credit from multiple pass-through

applicable boxes A and B, to reflect

business credits reported on Part III,

entities.

self-generated credit sources and all

line 4, and eligible small business credit.

pass-through entity sources. However,

After you have completed all

certain credits have limitations imposed.

necessary Parts III, complete Part

If no credits allowed, enter zero on

They include:

I, if necessary, then Part II.

line 33.

CAUTION

Form 3468, Part III, line 12p—$4,000

See the instructions for Part I, line 3, for

limitation for qualified small wind energy

Box A Through D and G

property (reported on Part III, line 4a);

the definition of a passive activity.

Check the box that identifies the credit

Form 8826, line 8—$5,000 limitation for

Line 34

being reported.

the overall credit (reported on Part III,

Enter the amount of all carryforwards to

Box I

line 1e);

2016 of unused credits that are reported

Form 8881, line 5—$500 limitation for

Check box I if you are reporting credits on

from line 5 of Part III with box C checked

the overall credit (reported on Part III,

more than one Part III with box A or B

and line 6 of Part III with box G checked.

line 1j); and

checked. You must use a Part III with box I

Form 8882, line 7—$150,000 limitation

Note. Individuals claiming the research

checked to consolidate the amounts from

for the overall credit (reported on Part III,

credit from a sole proprietorship or

all Parts III with box A or B checked.

line 1k).

pass-through entity don't include any

Consolidate the Parts III with box A or B

carryforward of that credit on Part II,

checked by combining the amounts for

In situations where there is a limitation

line 34, before figuring the limitation on

each credit line on each Part III with box A

on the credit amount, the limited amount

Part III, line 1c. Include the carryforward

or B checked; then, enter the total for each

allowed is allocated pro rata and anything

when figuring the research credit limitation

credit on the applicable line of the Part III

above the limitation is lost.

on line 1c of any Parts III with the

with box I checked.

Lines 1a and 4a

applicable box A or B checked. Then

A consolidated Part III is only needed

include the allowable carryforward amount

If you are a cooperative described in

when there is more than one Part III with

on Part II, line 34. See the instructions

section 1381(a), you must allocate to your

box A or B checked. More than one box A

for Part I, line 4, for the required

patrons the investment credit in excess of

or B means more than one individual letter

statement that must be attached to

your tax liability limit. Allocate to your

box (for example, if there is more than one

your tax return.

patrons the portion, if any, of the

Parts III with box B checked, a

investment credit on Part I, line 6, or Part

Line 35

consolidated Part III is needed to reflect

II, line 36, in excess of Part II, line 16 or

the total of all the boxes B checked) or

Use Part II, line 35, only when you amend

line 29, respectively. While any excess is

more than one combination of letters (for

your 2016 return to carry back unused

allocated to patrons, any credit recapture

example, if there is a box A checked and a

credits from 2017. Enter the amount that is

applies as if you as the cooperative had

box B checked, a consolidated Part III is

reported from line 5 of Part III with box D

claimed the entire credit.

needed to reflect the total of boxes A and

checked.

B).

Note. Any carryforward of the qualifying

Note. Individuals claiming the research

therapeutic discovery project credit may

Column (b)

credit from a sole proprietorship or

be claimed on Part III, line 1a.

pass-through entity don't include any

If you are reporting a credit from a

carryback of that credit on Part II, line 35,

pass-through entity, you must enter that

before figuring the limitation on Part III,

pass-through entity's employer

line 4i. Include the carryback when figuring

identification number (EIN) under column

the research credit limitation on line 4i of

(b) for that credit.

any Parts III with the applicable box A or B

checked. Then include the allowable

Instructions for Form 3800 (2016)

-4-

Instructions For Form 3800 - 2016 Page 4

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