Instructions For Form 3800 - General Business Credit - 2007 Page 2
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1
2
3Attach a copy of the computation to
Line 5
Specific Instructions
your amended return or application for
Enter the passive activity credit allowed
tentative refund.
from Form 8582-CR or Form 8810. See
Part I. Current Year
the instructions for the applicable form
Credit Ordering Rule
for details.
Credit
General business credits reported on
Line 6
Complete and attach the appropriate
Form 3800 are treated as used on a
Add all carryforwards to 2007 of
credit forms to figure your current year
first-in, first-out basis by offsetting the
unused credits that are reported on
credit. Generally, if you are a taxpayer
earliest-earned credits first. Therefore,
Form 3800. Also include any
that is not a partnership or S
the order in which the credits are used
carryforward to 2007 of any unused
corporation, and your only source for a
in any tax year is:
credit from:
credit listed on this form is from a
•
Carryforwards to that year, the
•
Form 6478 for years prior to 2005.
partnership, S corporation, estate, trust,
earliest ones first,
•
Form 5884 for 2006 and prior years.
or cooperative, you are not required to
•
•
The general business credit earned
Form 8846 for 2006 and prior years.
complete the source credit form or
in that year, and
attach it to Form 3800. The following
For each credit, attach a detailed
•
The carryback to that year.
exceptions apply:
computation showing: (a) the tax year
•
You are claiming the investment
the credit originated, the amount of the
When relevant, the components of
credit (Form 3468) or biodiesel and
credit, and the amount allowed for that
the general business credit reported on
renewable diesel fuels credit (Form
year; (b) for each carryback year, the
8864).
Form 3800 arising in a single tax year
year and the amount of the credit
•
are used in the following order.
The taxpayer is an estate or trust and
allowed after you applied the carryback;
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the source credit can be allocated to
Investment credit (in the following
and (c) for each carryforward year, the
beneficiaries. For more details, see the
order — rehabilitation credit, energy
year and the amount of the credit
Instructions for Form 1041, Schedule
credit, qualifying advanced coal project
allowed after you applied the
K-1, box 13.
credit, and qualifying gasification
carryforward.
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The taxpayer is a cooperative and
project credit).
Line 7
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the source credit can or must be
Welfare-to-work credit.
allocated to patrons. For more details,
•
Use line 7 only when you amend your
Credit for increasing research
see the Instructions for Form 1120-C,
2007 return to carry back unused
activities.
Schedule J, line 5c.
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credits from 2008.
Low-income housing credit.
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Disabled access credit.
Line 1a
Line 8
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Renewable electricity production
If this line is zero, skip Part II.
If you are a cooperative described in
credit.
section 1381(a), you must allocate to
•
Indian employment credit.
Part II. Allowable Credit
your patrons the investment credit in
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Orphan drug credit.
excess of your tax liability limit. Allocate
•
to your patrons the portion, if any, of
New markets credit.
Line 15
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the investment credit on line 8 in
Credit for small employer pension
See section 38(c)(5) for special rules
excess of line 18. While any excess is
plan startup costs.
that apply to married couples filing
allocated to patrons, any credit
•
Credit for employer-provided child
separate returns, controlled corporate
recapture applies as if you as the
care facilities and services.
groups, regulated investment
cooperative had claimed the entire
•
companies, real estate investment
Qualified railroad track maintenance
credit.
trusts, and estates and trusts.
credit.
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Biodiesel and renewable diesel fuels
Line 1u
Line 16
credit.
Complete this line only if you received a
•
Although you may not owe AMT, you
Low sulfur diesel fuel production
credit on a 2006 Schedule K-1 from an
generally must still compute the
credit.
S corporation, partnership, estate, or
tentative minimum tax (TMT) to figure
•
Distilled spirits credit.
cooperative that had a fiscal year
your credit. For a small corporation
•
beginning before July 1, 2006.
Nonconventional source fuel credit.
exempt from the AMT under section
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Energy efficient home credit.
55(e), enter zero. Otherwise, complete
Line 1x
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and attach the appropriate AMT form or
Energy efficient appliance credit.
•
schedule and enter the TMT on line 16.
Enter the total of the amounts shown in
Alternative motor vehicle credit.
•
box 7 of the Schedules K-1 (Form
Alternative fuel vehicle refueling
Line 19
1065-B), you received from electing
property credit.
large partnerships (ELPs).
If line 19 is smaller than line 8, see
•
Hurricane Katrina housing credit.
Carryback and Carryforward of Unused
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Mine rescue team training credit.
Line 3
Credit on page 1.
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Credit for contributions to selected
Enter the credits included on line 2 that
Research credit limitation. If you are
community development corporations.
are from passive activities. Generally, a
an individual, the amount of the
•
General credits from an electing
passive activity is a trade or business in
research credit that may be included on
large partnership.
which you did not materially participate.
line 19 is limited to the amount of tax
Generally, rental activities are passive
attributable to your taxable income from
Although these credits are
activities, whether or not you materially
the sole proprietorship or your interest
aggregated on Form 3800, keep a
participated. See Form 8582-CR,
in the partnership, S corporation,
separate record of each credit to
Passive Activity Credit Limitations, or
estate, or trust (pass-through entity)
ensure that no credits or deductions are
Form 8810, Corporate Passive Activity
generating the credit. Figure the
squandered or duplicated.
Loss and Credit Limitations, for details.
research credit limitation separately for
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