Form 8610, Annual Low-Income Housing Credit Agencies Report, Schedule A (Form 8610), Carryover Allocation of Low-Income Housing Credit

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Carryover Allocation of
Low-Income Housing Credit

SCHEDULE A
(Form 8610)
(Rev. December 2013)
Department of the Treasury
Internal Revenue Service

OMB No. 1545-0990

Attach to Form 8610.
▶ Information about Schedule A (Form 8610) and its instructions is at www.irs.gov/form8610.
▶

Name of housing credit agency

Employer identification number of agency

DRAFT AS OF
June 12, 2013
DO NOT FILE

Address of housing credit agency

Check box if amended
carryover allocation .

Check box if housing credit
agency granted carryover
allocation relief under Rev.
Proc. 2007-54
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Name of building owner receiving carryover allocation

1b

Address of building owner receiving carryover allocation

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Enter the number of BINs covered by this carryover allocation (also complete line 8 on page 2)

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General Instructions

Specific Instructions

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

Line 4

Purpose of Form
State housing credit agencies use
Schedule A (Form 8610) to report
carryover allocations.

Major Disaster Declarations
Issued After July 1, 2007
If a housing credit agency has granted
any project relief for carryover
allocations discussed in section 5 of
Rev. Proc. 2007-54, 2007-31 I.R.B. 293,
the agency must attach to Form 8610 a
copy of the Schedule A (Form 8610) for
the projects for which it has approved
relief. These attached copies of
Schedule A (Form 8610) must have the
box checked that indicates the housing
credit agency granted carryover
allocation relief under Rev. Proc.
2007-54. The housing credit agency
should only include Schedules A (Form
8610) for projects receiving approval of
the carryover allocation relief since the
agency last filed Form 8610. The
information from these particular
Schedules A (Form 8610) are not
included on any line in Part I or Part II of
Form 8610.

▶

FOR IRS USE ONLY

3 a Check if the carryover allocation is: ▶
building based or ▶
project based
b Is the carryover allocation subject to the nonprofit set-aside
under section 42(h)(5)? . . . . . . . . . . . . .
Yes
No
4
Date of carryover allocation ▶
5
Amount of carryover allocation . . . . . . . . . . . . . . . . . . . . . . .
6
If a binding agreement (see instructions) was entered into, enter the maximum applicable credit
percentage for:
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2 Taxpayer identification number
of building owner (include
dash or dashes)

1a

a Acquisition cost . . . . .
b Rehabilitation expenses . .
c New construction expenses .

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Enter the date of allocation. This is the
date the authorized official of the state
housing agency signs and dates the
carryover allocation document.

Line 5
Enter the amount of carryover allocation.
If you checked the “building based” box
on line 3a, enter the amount of credit
allocated to the building under section
42(h)(1)(E). If you checked the “project
based” box on line 3a, enter the amount
of credit allocated to all the buildings in
the project under section 42(h)(1)(F).

Lines 6a, b, and c
Complete these lines only if both of the
following apply.
• There is a binding agreement between
the housing credit agency and the
building owner for a specific housing
credit dollar amount.
• An election is made to use an
applicable percentage for a month other
than the month in which the property is
placed in service.
See Regulations sections 1.42-6 and
1.42-8 for requirements that must be
met.

For Paperwork Reduction Act Notice, see the instructions for Form 8610.

Cat. No. 30065T

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5

6a
6b
6c
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%
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%

The applicable percentage cannot be
less than 9% for any building that (1) is
not federally subsidized and (2) is placed
in service after July 30, 2008, with
respect to housing credit dollar amount
allocations made before January 1,
2014. See section 42(b)(2) and Notice
2008-106, 2008-49 I.R.B. 1239.

BINs for Buildings Included
in the Carryover Allocation
Enter the building identification number
(BIN) for each building covered by this
carryover allocation. If the carryover
allocation was made under section
42(h)(1)(E) for a single building, enter only
one BIN. If a carryover allocation was
made under section 42(h)(1)(F) on a
project basis that includes more than
one building, enter the BIN for each
building covered by the carryover
allocation. If the carryover allocation
covers more buildings than spaces
provided, attach a statement reporting
the additional BINs.

Schedule A (Form 8610) (Rev. 12-2013)

Page 2

Schedule A (Form 8610) (Rev. 12-2013)

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Enter BINs of buildings included in this carryover allocation

DRAFT AS OF
June 12, 2013
DO NOT FILE

Schedule A (Form 8610) (Rev. 12-2013)