SCH A (Form 8610) Carryover Allocation of Low-Income Housing Credit

Carryover Allocation of
Low-Income Housing Credit

SCHEDULE A
(Form 8610)
(Rev. January 2016)
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

Address of housing credit agency

Name of building owner receiving carryover allocation

1b

Address of building owner receiving carryover allocation

3 a Check if the carryover allocation is: ▶
building based or ▶
b If the carryover allocation is subject to the nonprofit set-aside
under section 42(h)(5), you must check “Yes.” Otherwise, you
must check “No” . . . . . . . . . . . . . . .

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

Purpose of Form

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▶

FOR IRS USE ONLY

project based
Yes

No

Date of carryover allocation ▶
Amount of carryover allocation . . . . . . . . . . . . . . . . . . . . . . .
If a binding agreement (see instructions) was entered into, enter the maximum applicable credit
percentage for:

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

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2 Taxpayer identification number
of building owner (include
dash or dashes)

1a

4
5
6

Check box if amended
carryover allocation . .

Check box if housing credit
agency granted carryover
allocation relief under Rev.
Proc. 2014-49 . . . ▶

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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) is not included
on any line in Part I or Part II of Form
8610.

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

Specific Instructions

Major Disaster Declarations

Line 4

If a housing credit agency has granted
any project relief for carryover
allocations discussed in section 6 of
Rev. Proc. 2014-49, 2014-37 I.R.B. 535,
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.
2014-49. The housing credit agency
should only include Schedules A (Form

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).

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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%

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.
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. See
section 42(b)(2) and Notice 2008-106,
2008-49 I.R.B. 1239.

Schedule A (Form 8610) (Rev. 1-2016)