Form 8874 B 8874 B Notice of Recapture Event for New Markets Credit

Form

8874-B

Notice of Recapture Event for New Markets Credit

(March 2007)

OMB No. 1545-2066

Department of the Treasury
Internal Revenue Service

1

Name of qualified community development entity (CDE)

2

EIN of qualified CDE

3

Name of taxpayer with qualified equity investment subject
to recapture

4

TIN of taxpayer with qualified equity investment subject to
recapture

5

Date of qualified equity investment (mm/dd/yyyy)

6

Amount of qualified equity investment

7

/
/
Date of recapture event (mm/dd/yyyy)

8

Amount of New Markets Credit recaptured

9

/
Reason for recapture

/

CDE ceased to be a CDE
The proceeds of the investment ceased to be used in a
manner that satisfies the substantially-all requirement
The investment is redeemed or otherwise cashed out by
the CDE
10 a Aggregate decrease in credit: Year 1
b Aggregate decrease in credit: Year 2
c Aggregate decrease in credit: Year 3
d Aggregate decrease in credit: Year 4
e Aggregate decrease in credit: Year 5
f Aggregate decrease in credit: Year 6
g Aggregate decrease in credit: Year 7
Under penalties of perjury, I declare that the recapture event identified above occurred on the date identified above.

Please
Sign
Here

©

Signature of authorized official of CDE

Date

Type or print name

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 49312R

Form

8874-B

(3-2007)

Form 8874-B (3-2007)

General Instructions
Section references are to the Internal Revenue Code
unless otherwise noted.

Purpose of Form
CDEs must provide notification to any taxpayer holder
of a qualified equity investment (including prior holders)
that a recapture event has occurred. This form is used
to make the notification as required under Regulations
section 1.45D-1(g)(2)(i)(B).

Where To File
Attn: LIHC Unit
DP 607 South, Philadelphia Campus
Internal Revenue Service
P.O. Box 331
Bensalem, PA 19020

When To File
The original signed form must be provided by the CDE
to the taxpayer no later than 60 days after the date the
CDE becomes aware of the recapture event. Send a
copy of the form to the IRS at the address listed above.
Keep a copy for your records.
A separate notice must be provided for each qualified
equity investment for which a recapture event occurred.

Additional Information
For more details, see Form 8874, New Markets Credit,
Pub. 954, Tax Incentives for Distressed Communities,
section 45D, Regulations section 1.45D-1, or
www.cdfifund.gov.

Page

2

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