Federal Credit to Holders of Tax Credit Bonds

Credit to Holders of Tax Credit Bonds
Form 8912 (Rev. November 2023)
Form

8912

Credit to Holders of Tax Credit Bonds

OMB No. 1545-2025

Attach to your tax return.

Attachment
Sequence No. 154

(Rev. November 2023)
Department of the Treasury
Internal Revenue Service

Go to www.irs.gov/Form8912 for instructions and the latest information.

Identifying number

Name(s) shown on return

Part I

Current Year Credit

1

Bond credit(s) from Part III. Enter the amount from line 14. See instructions .

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2

Bond credit(s) from Part IV. Enter the amount from line 20. See instructions .

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3

Carryforward of credits for qualified tax credit bonds and build America bonds to 2021 (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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
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
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4

Estates and trusts. Subtract line 5 from line 4. Use this amount to complete Part II

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Part II
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Regular tax before credits:
• Individuals. Enter the sum of the tax reported on Form 1040, 1040-SR, or 1040-NR, line 16;
and the excess advance premium tax credit repayment from Schedule 2 (Form 1040), line 2 .
• Corporations. Enter the income tax from Form 1120, Schedule J, line 1; or the amount from the
applicable line of your return . . . . . . . . . . . . . . . . . . . . . .
• Estates and trusts. Enter the sum of tax on taxable income and tax on lump-sum distributions
from Form 1041, Schedule G, lines 1a and 1b, plus any Form 8978 amount included on line 1d;
or the amount from the applicable line of your return
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Alternative minimum tax:
• Individuals. Enter the alternative minimum tax from Form 6251, line 11 . . . . . . .
• Corporations. Enter the alternative minimum tax from Form 4626, Part II, line 13 . . . .
• Estates and trusts. Enter the alternative minimum tax from Schedule I (Form 1041), line 54
Add line 7 and line 8 . . . . . . . . . . . . . . . . . . . . . . . .

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10a
b
c
d
e

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Allowable Credit

Foreign tax credit . . . . . . . . . . . . . .
Certain allowable credits (see instructions) . . . . . .
General business credit (see instructions) . . . . . .
Credit for prior year minimum tax (Form 8801 or Form 8827)

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Add lines 10a through 10d .

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10a
10b
10c
10d

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10e

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Net income tax. Subtract line 10e from line 9 .

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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 6k; Form 1120, Schedule J, line
5e; Form 1041, Schedule G, line 2d; or the applicable line of your return . . . . . . . . .

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For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 37722B

12
Form 8912 (Rev. 11-2023)

Page 2

Form 8912 (Rev. 11-2023)
Identifying number

Name(s) shown on return

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: Don’t enter any bond credits for bonds issued after 2017.

(a) Name of issuer of Form(s) 1097-BTC

(b1) Identifying number
of issuer of Form(s)
1097-BTC

(b2) Unique identifier
(see instructions)

(c) Amount reported on
Form(s) 1097-BTC
(see instructions)

13

14

Total. Combine the amounts in column (c). Enter here and on line 1

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Form 8912 (Rev. 11-2023)

Page 3

Form 8912 (Rev. 11-2023)
Identifying number

Name(s) shown on return

Part IV

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a
b
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b

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: Don’t enter any bond credits for bonds issued after 2017.
Bond Issuer’s name, city or town, and state:
Bond Issuer’s employer identification number:
Date bond issued:
Date bond matures:
Date bond disposed of (if applicable):

(a) CUSIP number. If CUSIP number
not issued, enter principal payment
dates. (Clean renewable energy bonds:
Include CUSIP number and principal
payment dates. Build America bonds:
Include CUSIP number and interest
payment dates.)

(b) Outstanding bond
principal (or for build
America bonds, interest
payable)

(c) Credit rate

(e) %

(d) Multiply
(b) x (c)

(f) Multiply (d) x (e)

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19

Add the amounts on line 18, column (f) .

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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

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Form 8912 (Rev. 11-2023)