8611 Recapture of Low-Income Housing Credit

Caution: DRAFT FORM
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It is subject to change and OMB approval before it
is officially released. You can check the scheduled
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I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 8611, PAGE 1 of 4
MARGINS: TOP 13mm (1⁄ 2 ") CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
1
FLAT SIZE: 216mm (8 ⁄ 2 ") 3 279mm (11")
PERFORATE: (NONE)
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

8611

©

C Address of building (as shown on Form 8609)

Revised proofs
requested

(3) Name of issue

OMB No. 1545-1035

Attach to your return.

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D /15
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1
D Building identification
number (BIN)

If building is financed in whole or part with tax-exempt bonds, see instructions and furnish:

(1) Issuer’s name

Signature

O.K. to print

Note: Complete a separate Form 8611 for each building to
which recapture applies.

A Name(s) shown on return

F

Date

Recapture of Low-Income Housing Credit

(Rev. January 2009)
Department of the Treasury
Internal Revenue Service

Action

Attachment
Sequence No.

90

B

Identifying number

E

Date placed in service (from
Form 8609)

(2) Date of issue

(4) CUSIP number

Note: Skip lines 1–7 and go to line 8 if recapture is passed through from a flow-through entity (partnership, S corporation, estate,
or trust).
1

Enter total credits reported on Form 8586 in prior years for this building

1

2

Credits included on line 1 attributable to additions to qualified basis (see instructions)

2

3

Credits subject to recapture. Subtract line 2 from line 1

3

4

Credit recapture percentage (see instructions)

4

5
6

Accelerated portion of credit. Multiply line 3 by line 4
Percentage decrease in qualified basis. Express as a decimal amount carried out to at least 3 places
(see instructions)

5

7

7

8

Enter recapture amount from flow-through entity (see Note above)

8

9

Enter the unused portion of the accelerated amount from line 7 (see instructions)

9

10

Net recapture. Subtract line 9 from line 7 or line 8. If less than zero, enter -0-

10

11

Enter interest on the line 10 recapture amount (see instructions)

11

12
13

Total amount subject to recapture. Add lines 10 and 11
Unused credits attributable to this building reduced by the accelerated portion included on
line 9 (see instructions)

12

15

Recapture tax. Subtract line 13 from line 12. If zero or less, enter -0-. Enter the result here
and on the appropriate line of your tax return (see instructions). If more than one
Form 8611 is filed, add the line 14 amounts from all forms and enter the total on the appropriate
line of your return. Electing large partnerships, see instructions
Carryforward of the low-income housing credit attributable to this building. Subtract
line 12 from line 13. If zero or less, enter -0- (see instructions)

.

6

Amount of accelerated portion recaptured (see instructions if prior recapture on building).
Multiply line 5 by line 6. Section 42(j)(5) partnerships, go to line 16. All other flow-through
entities (except electing large partnerships), enter the result here and enter each recipient’s
share in the appropriate box of Schedule K-1. Generally, flow-through entities other than
electing large partnerships will stop here. (Note: An estate or trust enters on line 8
only its share of recapture amount attributable to the credit amount reported on its
Form 8586.)

14

.

13

14
15

Only Section 42(j)(5) partnerships need to complete lines 16 and 17.
16

Enter interest on the line 7 recapture amount (see instructions)

16

17

Total recapture. Add lines 7 and 16 (see instructions)

17

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 63983Q

Form

8611

(Rev. 1-2009)