8586 Low-Income Housing Credit

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It is subject to change and OMB approval before it
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I.R.S. SPECIFICATIONS

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INSTRUCTIONS TO PRINTERS
FORM 8586, PAGE 1 of 2
MARGINS: TOP 13 mm (1⁄ 2 "), CENTER SIDES.
PAPER: WHITE WRITING, SUB. 20.
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Form

8586

Department of the Treasury
Internal Revenue Service (99)

Name(s) shown on return

Part I

Action

Revised proofs
requested

2008

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Attachment
Sequence No.

Attach to your tax return.

Buildings Placed in Service Before January 1, 2008

Has there been a decrease in the qualified basis of any buildings accounted for on line 1 since
the close of the preceding tax year?
Yes
No If “Yes,” enter the building
identification numbers (BINs) of the buildings that had a decreased basis. If you need more
space, attach a schedule.

(i)
(ii)
(iii)
(iv)
Current year credit from attached Form(s) 8609-A for buildings placed in service before
January 1, 2008 (see instructions)
Part I low-income housing credit for buildings placed in service before January 1, 2008, from
partnerships, S corporations, estates, and trusts
Add lines 3 and 4. Estates and trusts, go to line 6; partnerships and S corporations, report this
amount on Schedule K; all others, report this amount on Form 3800, line 1d

3

4
5

6

Amount allocated to beneficiaries of the estate or trust (see instructions)

6

7

Estates and trusts. Subtract line 6 from line 5. Report this amount on Form 3800, line 1d

7

Part II

Buildings Placed in Service After December 31, 2007

8

Number of Forms 8609-A attached for buildings placed in service after
©
December 31, 2007

9

Has there been a decrease in the qualified basis of any buildings accounted for on line 8 since
the close of the preceding tax year?
Yes
No If “Yes,” enter the building
identification numbers (BINs) of the buildings that had a decreased basis. If you need more
space, attach a schedule.

10
11
12

36a

Identifying number

2

5

OMB No. 1545-0984

Low-Income Housing Credit

Number of Forms 8609-A attached for buildings placed in service before
©
January 1, 2008

4

Signature

O.K. to print

1

3

Date

(i)
(ii)
(iii)
(iv)
Current year credit from attached Form(s) 8609-A for buildings placed in service after
December 31, 2007 (see instructions)
Part II low-income housing credit for buildings placed in service after December 31, 2007, from
partnerships, S corporations, estates, and trusts
Add lines 10 and 11. Partnerships and S corporations, report this amount on Schedule K; all
others, continue to line 13

10
11
12

13

Low-income housing credit included on line 12 from passive activities (see instructions)

13

14

Subtract line 13 from line 12

14

15

Low-income housing credit allowed for 2008 from a passive activity (see instructions)

15

16

Carryforward of low-income housing credit for 2007 fiscal-year filers (see instructions)

16

17
18

Carryback of low-income housing credit from 2009 (see instructions)
Add lines 14 through 17. Estates and trusts, go to line 19; all others, report this amount on
Form 3800, line 29d

17

19

Amount allocated to beneficiaries of the estate or trust (see instructions)

19

20

Estates and trusts. Subtract line 19 from line 18. Report this amount on Form 3800, line 29d

20

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 63987I

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Form

8586

(2008)