Get the free Form 8609 (Rev. December 2008). Low-Income Housing Credit Allocation and Certificati...

Caution: DRAFT FORM This is an advance proof copy of an IRS tax form. It is subject to change and OMB approval before it is officially released. You can check the scheduled release date on our website

How to fill out form 8609 rev december

How to fill out form 8609 rev december:

1. Gather necessary information: Before filling out form 8609 rev december, collect all the required information such as the property address, tax identification numbers, and details about the tenants and rental units.
2. Fill out Part I: Begin by entering the general information about the project in Part I of form 8609. This includes the project name, location, and the type of building.
3. Provide project details: In Part II, provide specific details about the project, including the number of buildings, the total number of units, and the date the project was completed.
4. Determine the type of credit: In Part III, indicate the type of low-income housing tax credit (LIHTC) being claimed. Choose either the 9% credit or the 4% credit, depending on the project.
5. Calculate credit allocations: If applicable, calculate the credit allocation for the project in Part IV. Consult the instructions for the form to determine the specific calculations based on the chosen credit type.
6. Fill out Part V: In this section, enter the information about the owner, including their name, address, and tax identification number.
7. Provide tenant information: In Part VI, enter details about the tenants, such as their names, social security numbers, and the amount of rent they pay.
8. Sign and date the form: At the end of the form, the owner or authorized individual must sign, date, and provide their title or capacity.

Who needs form 8609 rev december:

1. Developers and owners of low-income housing projects: Form 8609 rev december is typically required to be filled out by individuals or entities who develop or own low-income housing projects that qualify for the low-income housing tax credit.
2. State housing agencies: State housing agencies also require form 8609 rev december to verify and allocate the low-income housing tax credit to eligible projects within their jurisdictions.
3. Internal Revenue Service (IRS): The IRS requires form 8609 rev december to be filed with the tax return of the project owner to claim the low-income housing tax credit.

Note: It is important to consult the specific instructions and regulations related to form 8609 rev december to ensure compliance and accuracy while filling out the form.

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What is form 8609 rev december?

Form 8609 rev December is used by the IRS to allocate the low-income housing credits among the partners in a partnership.

Who is required to file form 8609 rev december?

Partnerships that have been allocated low-income housing tax credits are required to file Form 8609 rev December.

How to fill out form 8609 rev december?

Form 8609 rev December should be filled out by providing the requested information regarding the low-income housing tax credits allocated to each partner in the partnership.

What is the purpose of form 8609 rev december?

The purpose of Form 8609 rev December is to report the allocation of low-income housing tax credits among the partners in a partnership.

What information must be reported on form 8609 rev december?

Form 8609 rev December must report the amount of low-income housing tax credits allocated to each partner in the partnership.