Get 2000 Form 8610 Schedule A. Carryover Allocation Of Low-income Housing Credit - Irs

Filling out the 2000 Form 8610 Schedule A is essential for reporting carryover allocations in low-income housing credit. This guide will provide clear, step-by-step instructions on completing the form to ensure compliance with IRS requirements.

Follow the steps to efficiently complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editing tool.
2. Enter the name and address of the housing credit agency in the designated fields. Make sure to include the employer identification number of the agency in the corresponding section.
3. Check the box if this is an amended carryover allocation. This indicates any updates or changes to previously submitted information.
4. Provide the name and address of the building owner receiving the carryover allocation, along with their taxpayer identification number.
5. Indicate the date of the carryover allocation in the specified field. This date is important as it reflects when the allocation document was officially signed.
6. Input the amount of the carryover allocation allocated to the project, ensuring it complies with section 42(h)(1)(E) regulations.
7. If applicable, enter the maximum percentage for building based or project based agreements in lines 6a and 6b, based on binding agreements.
8. Complete the basis in land and depreciable property at the end of the year for the carryover allocation in line 7.
9. Fill in the expected basis in the project at the end of the second year after the year of allocation on line 8.
10. Calculate the percentage by dividing line 7 by line 8. Ensure this result is more than 10%; if not, the carryover allocation is invalid.
11. Enter the building identification numbers (BINs) for the buildings included in this carryover allocation. If there are more buildings than spaces, attach a statement with the additional BINs.
12. After completing all fields, review the information for accuracy. You can then save changes, download, print, or share the completed form as needed.

Take the next step to efficiently manage your documentation and file the 2000 Form 8610 Schedule A online.