Enlarge image | OMB No. 1545-2025 Form 8912 Credit to Holders of Tax Credit Bonds Department of the Treasury Attach to your tax return. 2020 ▶ Attachment Internal Revenue Service ▶ Go to www.irs.gov/Form8912 for instructions and the latest information. Sequence No. 154 Name(s) shown on return Identifying number Part I Current Year Credit 1 Bond credit(s) from Part III. Enter the amount from line 14. See instructions . . . . . . . . 1 2 Bond credit(s) from Part IV. Enter the amount from line 20. See instructions . . . . . . . . 2 3 Carryforward of credits for qualified tax credit bonds and build America bonds to 2020 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Total credit. Add lines 1 through 3. Estates and trusts figuring the credit for a clean renewable energy bond, go to line 5; partnerships and S corporations, report this amount on Schedule K. (You must also issue Form(s) 1097-BTC. See Form 1097-BTC and its instructions.) All others, go to Part II 4 5 Amount allocated to the beneficiaries of the estate or trust. (You must also issue Form(s) 1097-BTC. See Form 1097-BTC and its instructions.) See instructions . . . . . . . . . . . . . 5 6 Estates and trusts. Subtract line 5 from line 4. Use this amount to complete Part II . . . . . 6 Part II Allowable Credit 7 Regular tax before credits: • Individuals. Enter the sum of the amounts from Form 1040, 1040-SR, or 1040-NR, line 16 and Schedule 2 (Form 1040), line 2 . . . . . . . . . . . . . . . . . . . . . . • Corporations. Enter the amount from Form 1120, Schedule J, line 2; or the amount from the 7 applicable line of your return. . . . . . . . . . . . . . . . . . . . . . . • Estates and trusts. Enter the sum of the amounts from Form 1041, Schedule G, lines 1a and 1b; or the amount from the applicable line of your return . . . . . . . . . . . . . } 8 Alternative minimum tax: • Individuals. Enter the amount from Form 6251, line 11. . . . . . . . . . . . . . • Estates and trusts. Enter the amount from Schedule I (Form 1041), line 54 . . . . . . . 8 } 9 Add line 7 and line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10a Foreign tax credit . . . . . . . . . . . . . . . . . . . 10a b Certain allowable credits (see instructions) . . . . . . . . . . . 10b c General business credit (see instructions) . . . . . . . . . . . 10c d Credit for prior year minimum tax (Form 8801 or Form 8827) . . . . . 10d e Add lines 10a through 10d . . . . . . . . . . . . . . . . . . . . . . . . 10e 11 Net income tax. Subtract line 10e from line 9 . . . . . . . . . . . . . . . . . . 11 12 Credit to holders of tax credit bonds allowed for the current year. Enter the smallest of line 4, line 11, or the amount as limited by the formula in the instructions for line 12. (If line 12 is smaller than line 4, see instructions.) Estates and trusts, enter the smallest of line 6, line 11, or the amount as limited by the formula in the instructions for line 12. (If line 12 is smaller than line 6, see instructions.) Report this amount on Schedule 3 (Form 1040), line 6; Form 1120, Schedule J, line 5e; Form 1041, Schedule G, line 2d; or the amount from the applicable line of your return . . . . 12 For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 37722B Form 8912 (2020) |
Enlarge image | Form 8912 (2020) Page 2 Name(s) shown on return Identifying number Part III Bond credit(s) reported to you on Form(s) 1097-BTC (see instructions) If you are claiming a bond credit for which you did not receive a Form 1097-BTC, complete Part IV. Caution: Do not enter any bond credits for bonds issued after 2017. (a) Name of issuer of Form(s) 1097-BTC (b1) Identifying number (b2) Unique identifier (c) Amount reported on of issuer of Form(s) (see instructions) Form(s) 1097-BTC 1097-BTC (see instructions) 13 14 Total. Combine the amounts in column (c). Enter here and on line 1. . . . . . . . . 14 Form 8912 (2020) |
Enlarge image | Form 8912 (2020) Page 3 Name(s) shown on return Identifying number Part IV Bond credit(s) from bonds held by you and/or your nominee(s) not reported to you on Form(s) 1097-BTC (see instructions) Caution: Do not enter any bond credits for bonds issued after 2017. ▲ ▲ ▲ ▲ ▲ 15 a Bond Issuer's name, city or town, and state b Bond Issuer's employer identification number 16 a Date bond issued b Date bond matures 17 Date bond disposed of (if applicable) (a) CUSIP number. If CUSIP number (b) Outstanding bond (c) Credit rate (d) Multiply (e) % (f) Multiply (d) x (e) not issued, enter principal payment principal (or for build (b) x (c) dates. (Clean renewable energy bonds: America bonds, interest Include CUSIP number and principal payable) payment dates. Build America bonds: Include CUSIP number and interest payment dates.) 18 19 Add the amounts on line 18, column (f) . . . . . . . . . . . . . . . . . . . . 19 20 For a new clean renewable energy bond or a qualified energy conservation bond, multiply the amount on line 19 by 70% (0.70) and enter the result here. For a clean renewable energy bond, qualified zone academy bond, qualified school construction bond, or build America bond, enter the amount from line 19 here. Enter the line 20 amount on line 2. See the instructions for how to report as interest income . . . . . . . . . . . . . . . . . . . . . . . . . 20 Form 8912 (2020) |