8907 Instructions for Form 8907

2014

Instructions for Form 8907

Department of the Treasury
Internal Revenue Service

Nonconventional Source Fuel Credit

Line 12

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

General Instructions
Future Developments

For the latest information about developments related to
Form 8907 and its instructions, such as legislation
enacted after they were published, go to www.irs.gov/
form8907.

What's New

The nonconventional source fuel credit is not available for
fuel sold after 2013.

Purpose of Form

Partnerships, S corporations, estates, and trusts use the
2014 Form 8907 to report any nonconventional source
fuel credit they receive from a fiscal year partnership, S
corporation, estate, or trust, whose tax year began in 2013
(when the credit was still available) and ends during their
2014 tax year. All other taxpayers report this credit directly
on line 1o in Part III of Form 3800, General Business
Credit.

Specific Instructions
Lines 1 Through 11

These lines are now shown as “Reserved.” When any
form, worksheet, or instruction refers to these lines, treat
the amounts on these lines as zero.

Enter total nonconventional source fuel credits from:
Schedule K-1 (Form 1065), Partner's Share of Income,
Deductions, Credits, etc., box 15 (code P);
Schedule K-1 (1120S), Shareholder's Share of Income,
Deductions, Credits, etc., box 13 (code P); and
Schedule K-1 (Form 1041), Beneficiary's Share of
Income, Deductions, Credits, etc., box 13 (code P).
Partnerships, S corporations, estates, and trusts must
always report the above credits on line 12. All other
taxpayers:
Report the above credits directly on Form 3800, Part lll,
line 1o; and
Do not file Form 8907.

Line 14
Estates and trusts. Allocate the nonconventional source
fuel credit on line 13 between the estate or trust and the
beneficiaries in the same proportion as income was
allocated and enter the beneficiaries’ share on line 14.
If the estate or trust is subject to the passive activity
rules, include on line 12 any Form 8907 credits from
passive activities disallowed for prior years and carried
forward to this year. Complete Form 8582-CR, Passive
Activity Credit Limitations, to determine the allowed credit
that must be allocated between the estate or trust and the
beneficiaries. For details, see the Instructions for Form
8582-CR.

Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the
United States. You are required to give us the information. We need it to ensure that you are complying with these laws
and to allow us to figure and collect the right amount of tax.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act
unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be
retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax
returns and return information are confidential, as required by section 6103.

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The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden
for individual taxpayers filing this form is approved under OMB control number 1545-0074 and is included in the
estimates shown in the instructions for their individual income tax return. The estimated burden for all other taxpayers
who file this form is shown below.
Recordkeeping . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Learning about the law or the form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preparing and sending the form to the IRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 hr., 27 min.
35 min.
43 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler,
we would be happy to hear from you. See the instructions for the tax return with which this form is filed.

Dec 20, 2014

Cat. No. 66392Z