Get the free Form 8611 (Rev. December 2013) - irs ustreas
Show details
This form is used to recapture part of the low-income housing credit claimed in previous years when there is a decrease in the qualified basis of the building or when the building is disposed of.
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign form 8611 rev december
Edit your form 8611 rev december form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your form 8611 rev december form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit form 8611 rev december online
Here are the steps you need to follow to get started with our professional PDF editor:
1
Check your account. In case you're new, it's time to start your free trial.
2
Simply add a document. Select Add New from your Dashboard and import a file into the system by uploading it from your device or importing it via the cloud, online, or internal mail. Then click Begin editing.
3
Edit form 8611 rev december. Rearrange and rotate pages, insert new and alter existing texts, add new objects, and take advantage of other helpful tools. Click Done to apply changes and return to your Dashboard. Go to the Documents tab to access merging, splitting, locking, or unlocking functions.
4
Save your file. Select it from your list of records. Then, move your cursor to the right toolbar and choose one of the exporting options. You can save it in multiple formats, download it as a PDF, send it by email, or store it in the cloud, among other things.
Dealing with documents is simple using pdfFiller.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out form 8611 rev december
How to fill out Form 8611 (Rev. December 2013)
01
Obtain Form 8611 from the IRS website or by contacting the IRS.
02
Enter your name, Social Security number, and address at the top of the form.
03
In Part I, indicate the tax year for which you are filing Form 8611.
04
Provide information about your qualified property in line 1.
05
In line 2, report the amount of credit you previously received.
06
Complete lines 3 through 9 by following the instructions specific to your circumstances.
07
Double-check all entries for accuracy.
08
Sign and date the form at the bottom.
09
Mail the completed form to the appropriate IRS address or attach it to your tax return if required.
Who needs Form 8611 (Rev. December 2013)?
01
Individuals who claimed the investment credit in previous years.
02
Taxpayers who have disposed of or ceased using property that qualified for the investment credit.
03
Those who are making a recapture of the investment credit due to changes in property use.
Fill
form
: Try Risk Free
People Also Ask about
What is the IRS form 8609 used for?
Purpose of Form Form 8609-A is filed by a building owner to report compliance with the low-income housing provisions and calculate the low-income housing credit. Form 8609-A must be filed by the building owner for each year of the 15-year compliance period.
What is the meaning of recapture of low-income housing credit?
Conditions for recapture of the credit And, the building must continue to meet certification requirements. If not, the owner may have to recapture a portion of the credit allocation using Form 8611, Recapture of Low-Income Housing Credit. Recapture refers to adding back income that a credit previously reduced.
What is recapture of low-income housing credit?
Conditions for recapture of the credit And, the building must continue to meet certification requirements. If not, the owner may have to recapture a portion of the credit allocation using Form 8611, Recapture of Low-Income Housing Credit. Recapture refers to adding back income that a credit previously reduced.
What is recapture of low-income housing credit form 8611?
Use this form if you must recapture part of the low-income housing credit you claimed in previous years because: the qualified basis decreased from one year to the next or you disposed of a building, or your interest therein, and. you did not follow the procedures that would have prevented recapture of the credit.
What does recapture of credits mean?
Recapture refers to the government's recovery of a taxpayer's gain from beneficial treatment—such as depreciation tax credits, deductions , or other tax credits—since the beneficial treatment no longer applies. For example, 26 U.S.C.
What is the form 8611 for recapture of low-income housing credit?
Use this form if you must recapture part of the low-income housing credit you claimed in previous years because the qualified basis decreased from one year to the next or you disposed of a building, or your interest therein, and you did not follow the procedures that would have prevented recapture of the credit.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is Form 8611 (Rev. December 2013)?
Form 8611 is a tax form used in the United States for reporting the recapture of investment tax credit when depreciable property is disposed of.
Who is required to file Form 8611 (Rev. December 2013)?
Taxpayers who have taken a tax credit for qualified property and later dispose of that property must file Form 8611 to report the recapture of that credit.
How to fill out Form 8611 (Rev. December 2013)?
To fill out Form 8611, taxpayers must provide details regarding the qualified property, the amount of investment credit claimed, and the date of disposal, along with any adjustments required for the recapture calculation.
What is the purpose of Form 8611 (Rev. December 2013)?
The purpose of Form 8611 is to determine and report the amount of investment credit that must be recaptured when a taxpayer disposes of property for which they claimed an investment credit.
What information must be reported on Form 8611 (Rev. December 2013)?
Form 8611 requires information about the disposed property, the total credit claimed in previous years, the date of disposal, and any adjustments needed for the recapture of the investment tax credit.
Fill out your form 8611 rev december online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Form 8611 Rev December is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
