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return. If the corporation does not meet

allowed from Form 8582-CR or Form

Carryback and Carryforward of Unused

the requirements of Regulations section

8810. The passive activity credit amount

Credit, earlier.

301.9100-2, it can still file a request for

allowed on line 24 only applies to the

Part III. General Business

extension of time to make the election

empowerment zone and renewal

under Regulations section 301.9100-3.

community employment credit reported

Credits or Eligible Small

on Part III, line 3, plus any prior year

For more information on the election to

Business Credits

unallowed passive activity empowerment

accelerate the research credit in lieu of

zone and renewal community

the special depreciation allowance,

employment credit. See the instructions

including how to make the elections

If more than one Part III is

for the applicable form for details.

regarding extension property, see the

needed, write in your name(s) as

TIP

following.

shown on your return and your

See the instructions for Part I, line 3,

•

Rev. Proc. 2008-65, 2008-44 I.R.B.

identifying number in the top margin of

for the definition of a passive activity.

1082, available at

each Part III completed.

Line 33

Complete a separate Part III for each

•

Rev. Proc. 2009-16, 2009-6 I.R.B. 449,

Enter the applicable passive activity credit

box checked. In addition, for each box A,

available at

amount for general business credits

B, E, or F checked, if you have a credit

allowed against TMT and eligible small

from more than one source and one of

and

business credits allowed from Form

the sources is a pass-through entity, a

•

Rev. Proc. 2009-33, 2009-29 I.R.B.

8582-CR or Form 8810. See the

separate Part III is needed for each

150, available at

instructions for the applicable form for

pass-through entity for which you

details.

received the same credit. As a result, one

For more information on the special

The passive activity credit amount

checkbox could have multiple Parts III if

depreciation allowance, see the

allowed on line 33 only applies to the

you receive a single credit from multiple

Instructions for Form 4562 and Pub. 946,

general business credits from Part II, line

pass-through entities.

How To Depreciate Property.

32, plus any prior year unallowed passive

Box A Through H

activity credit from general business

Lines 17a and 17b

Check the box that identifies the credit

credits reported on Part III, line 4, and

being reported. For boxes E and F,

Corporations. If the corporation has

eligible small business credit.

eligible small business credits only apply

undergone a post-1986 ownership

See the instructions for Part I, line 3,

to qualifying credits determined in 2010.

change (as defined in section 382(g)),

for the definition of a passive activity.

See Special Rules for Eligible Small

section 383 may limit the amount of tax

Line 34

Business Credits (ESBCs), earlier. You

that may be offset by pre-change general

may be able to claim an eligible small

business credits. Also, if a corporation

Enter the amount of all carryforwards to

business credit that was determined in

acquires control of another corporation (or

2011 of unused credits that are reported

2010 if you received the credit from a

acquires its assets in a reorganization),

from line 5 of Part III with box C checked

pass-through entity.

section 384 may limit the amount of tax

and line 6 of Part III with box G checked.

attributable to recognized built-in gains

Box I

Note. Individuals claiming the research

that may be offset by pre-acquisition

credit from a sole proprietorship or

Check box I if you are reporting credits on

general business credits. If either of these

pass-through entity do not include any

more than one Part III with box A, B, E, or

limitations apply, attach a computation of

carryforward of that credit on line 34.

F checked. Part III with box I checked is

the allowable general business credit,

Instead, include the carryforward when

used to consolidate the amounts from all

enter the amount on lines 17a and 17b,

figuring the research credit limitation on

Parts III with box A, B, E, or F by

and write “Sec. 383” or “Sec. 384” in the

line 1c of any Parts III with the applicable

combining the amounts of each credit line

margin next to your entry on lines 17a

box A, B, E, or F checked. See the

from the Parts III with these boxes

and 17b.

instructions for Part I, line 4, for the

checked.

Line 18

required statement that must be attached

A consolidated Part III is needed if

to your tax return.

Note. If you have any prior year

there is more than one Part III with box A,

unallowed passive activity credit

B, E, or F checked. More than one box A,

Line 35

carryover from Form 8844, Empowerment

B, E, or F means more than one

Use line 35 only when you amend your

Zone and Renewal Community

individual letter box (for example, if there

2011 return to carry back unused credits

Employment Credit, that does not appear

is more than one Parts III with box B

from 2012. Enter the amount that is

on Part III, line 3, but would be included

checked, a consolidated Part III is needed

reported from line 5 of Part III with box D

on line 24, complete lines 18 through 26.

to reflect the total of all the boxes B

checked and line 6 of Part III with box H

checked) or more than one combination

If you entered an amount on line 3 (for

checked.

of letters (for example, if there is a box A

the empowerment zone or renewal

Note. Individuals claiming the research

checked and a box B checked, a

community employment credit) on any

credit from a sole proprietorship or

consolidated Part III is needed to reflect

Parts III with box A, B, C, or D checked,

pass-through entity do not include any

the total of boxes A and B).

or if you have prior year unallowed

carryback of that credit on line 35.

passive activity credit carryover for this

Column (b)

Instead, include the carryback when

credit, multiply line 14 by 75% (.75). All

figuring the research credit limitation on

If you are reporting a credit from a

others skip lines 18 through 25 and enter

line 1c of any Parts III with the applicable

pass-through entity, you must enter that

zero on line 26.

box A, B, E, or F checked.

pass-through entity’s EIN under column

Line 24

(b) for that credit. A separate Part III will

Line 38

Enter the applicable passive activity credit

be needed to report the EIN of the

amount for the empowerment zone and

If line 38 is smaller than the sum of Part I,

pass-through entity and the amount of

renewal community employment credit

line 6, and Part II, lines 25 and 36, see

credit from that entity, if a credit is

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Instructions For Form 3800 - General Business Credit - Internal Revenue Service - 2011 Page 5

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