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Federal Recapture of Federal Mortgage Subsidy
Extracted from PDF file 2023-federal-form-8828.pdf, last modified December 2005Recapture of Federal Mortgage Subsidy
8828 Form (Rev. March 2010) Department of the Treasury Internal Revenue Service (99) Name(s) Part I Recapture of Federal Mortgage Subsidy © Attach to Form 1040. © OMB No. 1545-0074 Attachment Sequence No. 64 Social security number (as shown on page 1 of your tax return) See separate instructions. Description of Home Subject to Federally Subsidized Debt 1 Address of property (number and street, city or town, state, and ZIP code) 2 Check the box that describes the type of federal subsidy you had on the loan for your home. Mortgage loan from the proceeds of a tax-exempt bond Mortgage credit certificate Note. If neither box applies, you are not subject to recapture tax on the sale or other disposition of your home. Do not complete this form. Name of the bond or certificate issuer a b 3 State 4 5 Name and address of original lending institution Date of closing of the original loan . . . . . . . . . . . . . . . Month 6 Day Year Note. If the date of closing of the loan was before January 1, 1991, recapture tax does not apply. Do not complete this form. If you (1) checked the box on line 2b (mortgage credit certificate), (2) refinanced your home, and (3) received a reissued mortgage credit certificate, see Refinancing your home on page 1 of the instructions. Date of sale or other disposition of your interest in the home . . . . . . . Month 7 Agency, if any Political subdivision (city, county, etc.) Day Year Number of years and full months between original closing date (line 5) and date of sale or disposition (line 6): Years 8 Full months Date of full repayment of the original loan including a refinancing other than one for which a replacement mortgage credit certificate was issued (see instructions) . . . . . . . . . . . . . . Month Day Year Part II Computation of Recapture Tax 9 10 11 Sales price of your interest in the home sold or disposed of (see instructions) Expenses of sale. Include sales commissions, advertising, legal fees, etc. . Amount realized. Subtract line 10 from line 9 . . . . . . . . . . . 12 13 Adjusted basis of your interest in the home sold or disposed of (see instructions) . . . . . Gain or (loss) from sale or disposition. Subtract line 12 from line 11. If a loss, stop here and attach this form to your Form 1040. You do not owe recapture tax . . . . . . . . . . 12 14 15 Multiply line 13 by 50% (.50) . . . . . . . Modified adjusted gross income (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 16 Adjusted qualifying income (see instructions) . . . . . . . . . . . . . . . . 16 17 Subtract line 16 from line 15. If zero or less, stop here and attach this form to your Form 1040. You do not owe recapture tax . . . . . . . . . . . . . . . . . . . . . . 17 18 19 20 Income percentage. If the amount on line 17 is $5,000 or more, enter “100.” Otherwise, divide the amount on line 17 by $5,000 and enter the result as a percentage. Round to the nearest whole percentage . . . . . . . . . . . . . . . . . . . . . . . . . . Federally subsidized amount (see instructions) . . . . . . . . . . . . . . . . Holding period percentage (see instructions) . . . . . . . . . . . . . . . . . 18 19 20 21 Multiply line 19 by the percentage on line 20 22 Recapture amount. Multiply line 21 by the percentage on line 18 23 Tax. Enter the smaller of line 14 or line 22. Also, include this amount on the line for total tax on Form 1040. For details, see the Instructions for Form 1040 . . . . . . . . . . . . . . . . For Paperwork Reduction Act Notice, see Form 1040 instructions. . . . . . . . . . . . . . . . . . . . . . . 9 10 11 13 . . . . . . . . . . 21 . . . . . . . . . . 22 Cat. No. 13049F % % 23 Form 8828 (Rev. 3-2010)
Form 8828 (Rev. March 2010)
More about the Federal Form 8828 Other TY 2023
We last updated the Recapture of Federal Mortgage Subsidy in February 2024, so this is the latest version of Form 8828, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 8828 directly from TaxFormFinder. You can print other Federal tax forms here.
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Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8828 from the Internal Revenue Service in February 2024.
Historical Past-Year Versions of Federal Form 8828
We have a total of eleven past-year versions of Form 8828 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 8828
Form 8828 (Rev. March 2010)
2022 Form 8828
Form 8828 (Rev. March 2010)
2021 Form 8828
Form 8828 (Rev. March 2010)
2020 Form 8828
Form 8828 (Rev. March 2010)
2019 Form 8828
Form 8828 (Rev. March 2010)
2018 Form 8828
Form 8828 (Rev. March 2010)
2017 Form 8828
Form 8828 (Rev. March 2010)
2016 Form 8828
Form 8828 (Rev. March 2010)
2015 Form 8828
Form 8828 (Rev. March 2010)
2012 Form 8828
Form 8828 (Rev. March 2010)
2011 Form 8828
Form 8828 (Rev. March 2010)
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