Federal Carryover Allocation of Low-Income Housing Credit

Carryover Allocation of Low-Income Housing Credit
Schedule A (Form 8610) (Rev. December 2023)
Carryover Allocation of
Low-Income Housing Credit

SCHEDULE A
(Form 8610)
(Rev. December 2023)
Department of the Treasury
Internal Revenue Service
Name of housing credit agency

OMB No. 1545-0990

Attach to Form 8610.
Go to www.irs.gov/Form8610 for the latest information.

Employer identification number of agency

Address of housing credit agency

Check box if amended
carryover allocation . .

Check box if housing credit
agency granted carryover
allocation relief under Rev.
Proc. 2014-49 . . . .

1a

Name of building owner receiving carryover allocation

1b

Address of building owner receiving carryover allocation

General Instructions

Specific Instructions

Section references are to the Internal
Revenue Code unless otherwise noted.

Line 4

State housing credit agencies use
Schedule A (Form 8610) to report
carryover allocations.

Major Disaster Declarations
If a housing credit agency has granted
any project relief for carryover allocations
discussed in section 6 of Rev. Proc.
2014-49, 2014-37 I.R.B. 535, the agency
must attach to Form 8610 a copy of the
Schedule A (Form 8610) for the projects
for which it has approved relief. These
attached copies of Schedule A (Form
8610) must have the box checked that
indicates the housing credit agency
granted carryover allocation relief under
Rev. Proc. 2014-49. The housing credit
agency should only include Schedules A
(Form 8610) for projects receiving
approval of the carryover allocation relief
since the agency last filed Form 8610.
The information from these particular
Schedules A (Form 8610) is not included
on any line in Part I or Part II of Form
8610.

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credit
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5

6a
6b
6c

%
%
%

See Regulations sections 1.42-6 and
1.42-8 for requirements that must be
met.

Enter the date of allocation. This is the
date the authorized official of the state
housing agency signs and dates the
carryover allocation document.

Line 5
Enter the amount of carryover allocation.
If you checked the “building based” box
on line 3a, enter the amount of credit
allocated to the building under section
42(h)(1)(E). If you checked the “project
based” box on line 3a, enter the amount
of credit allocated to all the buildings in
the project under section 42(h)(1)(F).

Lines 6a, 6b, and 6c
Complete these lines only if both of the
following apply.
• There is a binding agreement between
the housing credit agency and the
building owner for a specific housing
credit dollar amount.
• An election is made to use an
applicable percentage for a month other
than the month in which the property is
placed in service.

For Paperwork Reduction Act Notice, see the instructions for Form 8610.

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2 Taxpayer identification number
of building owner (include
dash or dashes)

3a Check if the carryover allocation is:
Building based or
Project based
b If the carryover allocation is subject to the nonprofit set-aside
under section 42(h)(5), you must check “Yes.” Otherwise, you
Yes
No
must check “No” . . . . . . . . . . . . . . .
c Reserved for future use . . . . . . . . . . . . . . . . . . . . . . .
4
Date of carryover allocation
5
Amount of carryover allocation . . . . . . . . . . . . . . . . . . . . .
6
If a binding agreement (see instructions) was entered into, enter the maximum applicable
percentage for:
a Acquisition cost . . . . . . . . . . . . . . . . . . . . . . . . . .
b Rehabilitation expenses . . . . . . . . . . . . . . . . . . . . . . .
c New construction expenses . . . . . . . . . . . . . . . . . . . . . .

Purpose of Form

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FOR IRS USE ONLY

Cat. No. 30065T

The applicable percentage cannot be
less than 9% for any building that (1) is
not federally subsidized, and (2) is
placed in service after July 30, 2008. See
section 42(b)(2) and Notice 2008-106,
2008-49 I.R.B. 1239.
The applicable percentage cannot be
less than 4% for any new or existing
federally subsidized building that is
placed in service by the taxpayer after
December 31, 2020. For the minimum
4% rate to apply, a building must also
receive an allocation of housing credit
dollar amount after December 31, 2020,
or have a portion of the building financed
with an obligation described in section
42(h)(4)(A) that is issued after December
31, 2020. See section 42(b)(3) and
section 201(b) of the Taxpayer Certainty
and Disaster Act of 2020 (Division EE of
P.L. 116-260), and also Rev. Rul.
2021-20, 2021-51 I.R.B. 875, and Rev.
Proc. 2021-43, 2021-51 I.R.B. 882.

Schedule A (Form 8610) (Rev. 12-2023)