Form 8912 Form 8912 Credit to Holders of Tax Credit Bonds

Form

8912

Department of the Treasury
Internal Revenue Service
Name(s) shown on return

Part I

OMB No. 1545-2025

Credit to Holders of Tax Credit Bonds

2012

▶ Attach to your tax return.

Attachment
▶ Information about Form 8912 and its separate instructions is at www.irs.gov/form8912.
Sequence No. 154
Identifying number

Current Year Credit

1

Bond credit(s) from Part III. Enter the amount from line 14. (see instructions) .

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2a

Bond credit(s) from Part IV. Enter the amount from line 20. (see instructions) .

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2a

b Bond credit(s) from partnerships, S corporations, regulated investment companies, real estate
investment trusts, estates, and trusts not reported to you on Form(s) 1097-BTC. Enter the amount
from line 22. (see instructions) . . . . . . . . . . . . . . . . . . . . . . .

2b

3

Carryforward of credits for qualified tax credit bonds and build America bonds to 2012. (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

Total credit. Add lines 1 through 3. Estates and trusts figuring the credit for a clean renewable
energy bond, go to line 5; Partnerships and S corporations, report this amount on Schedule K
(You must also issue Form(s) 1097-BTC. See Form 1097-BTC and its instructions.); all others, go
to Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amount allocated to the beneficiaries of the estate or trust. (You must also issue Form(s)
1097-BTC. See Form 1097-BTC and its instructions.) (see instructions) . . . . . . . . .

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Estates and trusts. Subtract line 5 from line 4. Use this amount to complete Part II

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9
10a
b
c
d

e

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5
6

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Regular tax before credits:
• Individuals. Enter the amount from Form 1040, line 44 or Form 1040NR, line 42 . . . .
• Corporations. Enter the amount from Form 1120, Schedule J, line 2, or the applicable line of
your return . . . . . . . . . . . . . . . . . . . . . . . . . . .
• Estates and trusts. Enter the sum of the amounts from Form 1041, Schedule G, lines 1a and
1b, or the amount from the applicable line of your return . . . . . . . . . . . .

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Alternative minimum tax:
• Individuals. Enter the amount from Form 6251, line 35. . . . . . . .
• Corporations. Enter the amount from Form 4626, line 14 . . . . . . .
• Estates and trusts. Enter the amount from Schedule I (Form 1041), line 56 .

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Add line 7 and line 8

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9

Part II

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3

Allowable Credit

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Foreign tax credit . . . . . . . . . .
Certain allowable credits. (see instructions) . .
General business credit. (see instructions) . .
Credit for prior year minimum tax (Form 8801,
line 8b) . . . . . . . . . . . . . .

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10a
10b
10c

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line 25; or Form 8827,
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10d

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10e

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Net income tax. Subtract line 10e from line 9 .

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12

Credit to holders of tax credit bonds allowed for the current year. Enter the smallest of line 4,
line 11, or the amount as limited by the formula in the instructions for line 12. (If line 12 is smaller
than line 4, see instructions.) Estates and trusts, enter the smallest of line 6, line 11, or the
amount as limited by the formula in the instructions for line 12. (If line 12 is smaller than line 6, see
instructions.) Report this amount on Form 1040, line 53 or Form 1040NR, line 50; Form 1120,
Schedule J, line 5e; Form 1041, Schedule G, line 2d; or the applicable line of your return
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12

Add lines 10a through 10d .

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For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 37722B

Form 8912 (2012)

Page 2

Form 8912 (2012)
Identifying number

Name(s) shown on return

Part III

Bond credit(s) reported to you on Form(s) 1097-BTC (see instructions).
If you are claiming a bond credit for which you did not receive a Form 1097-BTC, see the instructions.

(a) Name of issuer of Form(s) 1097-BTC

(b1) Identifying number
of issuer of Form(s)
1097-BTC

(b2) Unique identifier
(see instructions)

(c) Amount reported on
Form(s) 1097-BTC
(see instructions)

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14

Total. Combine the amounts in column (c). Enter here and on line 1 .

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Form 8912 (2012)

Page 3

Form 8912 (2012)
Identifying number

Name(s) shown on return

Part IV

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17

a
b
a
b

▲▲▲▲▲

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Bond credit(s) from bonds held by you and/or your nominee(s) not reported to you on
Form(s) 1097-BTC (see instructions)
Bond Issuer's name, city or town, and state
Bond Issuer's employer identification number
Date bond issued
Date bond matures
Date bond disposed of (if applicable)

(a) CUSIP number. If CUSIP number
not issued, enter principal payment
dates. (Clean renewable energy bonds:
Include CUSIP number and principal
payment dates. Build America bonds:
Include CUSIP number and interest
payment dates.)

(b) Outstanding bond
principal (or for build
America bonds,
interest payable)

(c) Credit rate

(e) %

(d) Multiply
(b) x (c)

(f) Multiply (d) x (e)

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19

Add the amounts on line 18, column (f) .

20

For a new clean renewable energy bond or a qualified energy conservation bond, multiply the
amount on line 19 by 70% (.70) and enter the result here. For a clean renewable energy bond,
qualified zone academy bond, qualified school construction bond, or build America bond, enter the
amount from line 19 here. Enter the line 20 amount on line 2a. See the instructions for how to report
as interest income . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Form 8912 (2012)

Page 4

Form 8912 (2012)
Identifying number

Name(s) shown on return

Part V

Bond credit(s) from partnerships, S corporations, regulated investment companies, real estate
investment trusts, estates, and trusts not reported to you on Form(s) 1097-BTC (see instructions)

(a) Name of the entity distributing the bond
credit

(b) Employer identification number of the
entity in column (a)

(c) Amount of the credit

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Total. Combine the amounts in column (c). Enter here and on line 2b

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Form 8912 (2012)