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This form is used by qualified community development entities (CDEs) to notify taxpayers of a recapture event related to qualified equity investments as mandated under Internal Revenue Code Regulations.
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How to fill out form 8874-b

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How to fill out Form 8874-B

01
Obtain Form 8874-B from the IRS website or your local tax office.
02
Provide your name and identifying information at the top of the form.
03
Fill in details about the qualified investment you made.
04
Calculate the credit you are eligible for on the form using the provided instructions.
05
Make sure to sign and date the form.
06
Attach any required documentation to support your claims.
07
Submit the completed Form 8874-B with your tax return.

Who needs Form 8874-B?

01
Taxpayers who made qualified investments in eligible entities within the designated areas.
02
Individuals or businesses applying for the credit associated with qualified investments.
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You will receive three copies of Form W-2: Copy B is filed with your federal tax return • Copy 2 is used to report any state, city, or local income taxes • Copy C is for your records. Keep a W-2 for at least three years after you file.
Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends.
Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends. You received interest from a seller-financed mortgage and the buyer used the property as a personal residence. You have accrued interest from a bond.
A Schedule B IRS form reports taxable interest and dividend income received during the tax year. Most taxpayers only need to file a Schedule B if they receive more than $1,500 of taxable interest or dividends.
Know the Different Copies of a 1099 Form Copy 1—Goes to the state tax agency. Copy 2—Goes to the recipient. Copy B—Goes to the recipient. Copy C—Stays with employer for record keeping.
Copy B is the one sent to the employee for their federal tax filing. The other five copies are: Copy A - Sent to the Social Security Administration. Copy C - Sent to employees for their records. Copy D - For employer's record-keeping purposes.
Use this form to claim the new markets credit for qualified equity investments made in qualified community development entities (CDEs). This credit is part of the general business credit.

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Form 8874-B is a tax form used by taxpayers to claim a tax credit for certain types of investments in renewable energy property under Section 48B of the Internal Revenue Code.
Taxpayers who are claiming the renewable energy investment credit under Section 48B must file Form 8874-B.
To fill out Form 8874-B, taxpayers need to provide information about the investment property, calculate the credit, and report the relevant tax information as instructed on the form.
The purpose of Form 8874-B is to allow taxpayers to claim a tax credit for eligible investments in renewable energy property, thereby promoting the use of clean energy.
Form 8874-B requires reporting information such as the type of renewable energy property, the amount of investment, and the calculation of the tax credit being claimed.
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