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Line 3

Although these credits are

Parts III with the applicable box A or B

aggregated on Form 3800, keep a

checked.

TIP

Enter the passive activity credit amount

separate record of each credit,

allowed from Form 8582-CR, Passive

Part II. Allowable Credit

including whether the credit was an

Activity Credit Limitations, or Form 8810,

eligible small business credit, to ensure

Corporate Passive Activity Loss and

proper accounting of the credits.

Line 10b

Credit Limitations. The passive activity

credit amount allowed on line 3 only

Enter the total credit, if any, from Form

applies to the general business credits

1040, lines 48 through 52 (or Form

Specific Instructions

not allowed against TMT from Part I, line

1040NR, lines 46 through 49); Form

2, plus any prior year unallowed passive

8396, line 9; Form 8834, lines 23 and 30;

Complete and attach the appropriate

activity credit from general business credit

Form 8859, line 9; Form 8910, line 22;

credit forms used to figure your current

not allowed against TMT.

Form 8911, line 19; Form 8936, line 15;

year credit. Generally, if you are a

and Schedule R (Form 1040), line 22.

Generally, a passive activity is a trade

taxpayer that is not a partnership or S

or business in which you did not

Line 13

corporation, and your only source for a

materially participate. Generally, rental

credit listed in Form 3800, Part III, is from

See section 38(c)(6) for special rules that

activities are passive activities, whether or

a partnership, S corporation, estate, trust,

apply to married couples filing separate

not you materially participated. See Form

or cooperative, you are not required to

returns, controlled corporate groups,

8582-CR or Form 8810 for details.

complete the source credit form or attach

regulated investment companies, real

it to Form 3800. The following exceptions

estate investment trusts, estates, and

Line 4

apply:

trusts.

Enter the amount of all carryforwards to

•

You are claiming the investment credit

2011 of unused credits that are reported

Line 16b

(Form 3468) or the biodiesel and

from line 2 of Part III with box C checked.

renewable diesel fuels credit (Form 8864)

Section 168(k)(4) allows a corporation to

in Part III with box A, B, E, or F checked.

Note. Individuals claiming the research

elect to claim a refundable credit for

•

certain unused research credits in lieu of

credit from a sole proprietorship or

The taxpayer is an estate or trust and

the special depreciation allowance for

pass-through entity do not include any

the source credit can be allocated to

eligible qualified property.

carryforward of that credit on line 4.

beneficiaries. For more details, see the

Instead, include the carryforward when

Instructions for Form 1041, U.S. Income

If the corporation made an election to

figuring the research credit limitation on

Tax Return for Estates and Trusts,

increase the research credit or minimum

line 1c of any Parts III with the applicable

Schedule K-1, box 13.

tax credit limitations for its first tax year

•

box A or B checked and attach the

The taxpayer is a cooperative and the

ending after March 31, 2008, it can

statement required below.

source credit can or must be allocated to

choose not to have the election apply to

patrons. For more details, see the

extension property (defined below).

For each credit, attach a statement

Instructions for Form 1120-C, U.S.

Otherwise, the original election continues

with the following information.

Income Tax Return for Cooperative

to apply to both eligible qualified property

•

Show the tax year the credit originated,

Associations, Schedule J, line 5c.

and extension property. However, in this

the amount of the credit as reported on

case, separate bonus depreciation

the original return, and the amount

Assembling Form 3800. To ensure

amounts, maximum increase amounts,

allowed for that year. Also state whether

Form 3800 is correctly processed,

and maximum amounts are computed for

the total carryforward amount was

assemble Form 3800 in the following

eligible qualified property and for

changed from the originally reported

order.

extension property. If the corporation did

amount and identify the type of credit(s)

1. Page 1.

not make the election for its first tax year

involved. If the revised carryforward

2. Page 2.

ending after March 31, 2008, it can make

amount relates to unused additional

3. Part III with box I checked.

the election only for extension property for

research credits, attach an additional

its first tax year ending after December

4. All Parts III with box A checked.

schedule detailing the changes to the

31, 2008. For tax year 2010, the election

5. All Parts III with box B checked.

originally reported Form 6765 information

applied to extension property only.

for all originating credit years applicable.

6. Part III with box C checked.

•

For each carryback year, show the year

S corporations that make the election

7. Part III with box D checked.

and the amount of the credit allowed after

to accelerate the credit can use the credit

8. All Parts III with box E checked.

you applied the carryback.

only against the built-in gains tax. See the

9. All Parts III with box F checked.

•

For each carryforward year, show the

Instructions for Schedule D (Form

10. Part III with box G checked.

year and the amount of the credit allowed

1120S), line 20. Corporations that file

11. Part III with box H checked.

after you applied the carryforward.

Form 1120-REIT or Form 1120-RIC must

apply the credit first against the built-in

Line 5

gains tax, if any, and reduce the

Part I. Current Year Credit

Use line 5 only when you amend your

refundable credit by the amount so

for Credits Not Allowed

2011 return to carry back unused credits

applied. See the instructions for line h of

from 2012. Enter the amount that is

the Built-in Gains Tax Worksheet in the

Against Tentative

reported from line 2 of Part III with box D

separate instructions for those forms.

checked.

Minimum Tax (TMT)

Extension property. Generally,

Note. Individuals claiming the research

extension property is:

•

Complete all Parts III before

credit from a sole proprietorship or

Qualified property under section

completing Part I and Part II. See

pass-through entity do not include any

168(k)(2) that is acquired after March 31,

Part III. General Business Credits

carryback of that credit on line 5. Instead,

2008, placed in service in 2009, and that

CAUTION

or Eligible Small Business Credits for

include the carryback when figuring the

is not property described in section

more information.

research credit limitation on line 1c of any

168(k)(2)(B) or (C), and

-3-

Instructions For Form 3800 - General Business Credit - Internal Revenue Service - 2011 Page 3

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