Get the free Federal Historic Tax Credit Program

Tennessee Historical Commission Transmittal Log/Application Checklist Applications must use the current application forms and instructions dated Rev. 6/2023. All applications must follow the NPS file

How to fill out federal historic tax credit

How to fill out federal historic tax credit

1. Determine if your property is a certified historic structure.
2. Gather all necessary documentation, including ownership proof and property tax information.
3. Complete the Federal Historic Preservation Certification Application (Form 10-168) in accordance with the National Park Service guidelines.
4. Include detailed photographs and a description of the proposed rehabilitation work.
5. Submit the application to the State Historic Preservation Office (SHPO) for preliminary approval.
6. Once you receive preliminary approval, complete the rehabilitation work according to the approved plans.
7. After completing the work, fill out Part 2 of the application to request final certification.
8. Submit Part 2 along with additional documentation to the SHPO for final approval.
9. Upon receiving final certification, file your federal tax return to claim the tax credit.

Who needs federal historic tax credit?

1. Property owners of income-generating historic buildings.
2. Developers looking to rehabilitate historic properties for commercial or rental purposes.
3. Non-profit organizations that own historic properties and wish to restore them.
4. Investors financing the rehabilitation of certified historic structures.

For pdfFiller’s FAQs

How do I make changes in federal historic tax credit?

pdfFiller not only allows you to edit the content of your files but fully rearrange them by changing the number and sequence of pages. Upload your federal historic tax credit to the editor and make any required adjustments in a couple of clicks. The editor enables you to blackout, type, and erase text in PDFs, add images, sticky notes and text boxes, and much more.

How do I edit federal historic tax credit straight from my smartphone?

The best way to make changes to documents on a mobile device is to use pdfFiller's apps for iOS and Android. You may get them from the Apple Store and Google Play. Learn more about the apps here. To start editing federal historic tax credit, you need to install and log in to the app.

How do I fill out federal historic tax credit using my mobile device?

Use the pdfFiller mobile app to complete and sign federal historic tax credit on your mobile device. Visit our web page (https://edit-pdf-ios-android.pdffiller.com/) to learn more about our mobile applications, the capabilities you’ll have access to, and the steps to take to get up and running.

What is federal historic tax credit?

The federal historic tax credit is a financial incentive provided by the federal government that allows property owners to receive a credit against their federal taxes for the rehabilitation of historic buildings.

Who is required to file federal historic tax credit?

Property owners or developers who have rehabilitated a historic building and wish to claim the federal historic tax credit are required to file.

How to fill out federal historic tax credit?

To fill out the federal historic tax credit, taxpayers must complete Form 3468, including details about the property, rehabilitation expenses, and the historic designation.

What is the purpose of federal historic tax credit?

The purpose of the federal historic tax credit is to encourage the preservation and rehabilitation of historic buildings and to stimulate economic development in historic areas.

What information must be reported on federal historic tax credit?

Taxpayers must report information including the property's location, historic status, rehabilitation costs, and a description of the work completed on their federal historic tax credit filing.