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

See the instructions for Part I, line 3,

to qualifying credits determined in 2010.

1082, available at

for the definition of a passive activity.

See Special Rules for Eligible Small

Business Credits (ESBCs), earlier. You

Line 34

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

may be able to claim an eligible small

Enter the amount of all carryforwards to

available at

business credit that was determined in

2011 of unused credits that are reported

2010 if you received the credit from a

from line 5 of Part III with box C checked

and

pass-through entity.

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and line 6 of Part III with box G checked.

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

Box I

150, available at

Note. Individuals claiming the research

Check box I if you are reporting credits on

credit from a sole proprietorship or

pass-through entity do not include any

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

For more information on the special

and F checked. Part III with box I checked

carryforward of that credit on line 34.

depreciation allowance, see the

Instead, include the carryforward when

is used to consolidate the amounts from

Instructions for Form 4562 and Pub. 946,

all Parts III with box A, B, E, and F by

figuring the research credit limitation on

How To Depreciate Property.

line 1c of any Parts III with the applicable

combining the amounts of each credit line

Lines 17a and 17b

from the Parts III with these boxes

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

checked.

instructions for Part I, line 4, for the

Corporations. If the corporation has

required statement that must be attached

undergone a post-1986 ownership

Column (b)

to your tax return.

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

If you are reporting a credit from a

section 383 may limit the amount of tax

Line 35

pass-through entity, you must enter that

that may be offset by pre-change general

Use line 35 only when you amend your

pass-through entity’s EIN under column

business credits. Also, if a corporation

2011 return to carry back unused credits

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

acquires control of another corporation (or

from 2012. Enter the amount that is

be needed to report the EIN of the

acquires its assets in a reorganization),

reported from line 5 of Part III with box D

pass-through entity and the amount of

section 384 may limit the amount of tax

checked and line 6 of Part III with box H

credit from that entity, if a credit is

attributable to recognized built-in gains

checked.

received from more than one source and

that may be offset by pre-acquisition

one of the sources is a pass-through

Note. Individuals claiming the research

general business credits. If either of these

entity. Column (b) is only completed for

credit from a sole proprietorship or

limitations apply, attach a computation of

any Part III with box A, B, E, or F

pass-through entity do not include any

the allowable general business credit,

checked.

carryback of that credit on line 35.

enter the amount on lines 17a and 17b,

Instead, include the carryback when

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

Allocation of Certain Credits

figuring the research credit limitation on

margin next to your entry on lines 17a

The aggregate amount from each credit

line 1c of any Parts III with the applicable

and 17b.

form is usually reported on the

box A, B, E, or F checked.

Line 18

appropriate line of Form 3800, Part III, for

Line 38

the applicable boxes A, B, E, and F, to

If you entered an amount on line 3 (for the

reflect self-generated credit sources and

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

empowerment zone or renewal

all pass-through entity sources. However,

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

community employment credit) on any

certain credits have limitations imposed.

Carryback and Carryforward of Unused

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

They are:

Credit.

multiply line 14 by 75% (.75). All others

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Form 3468, Part III, line 12p – $4,000

skip lines 18 through 25 and enter zero

Part III. General Business

limitation for qualified small wind energy

on line 26.

property (reported on line 4a);

Credits or Eligible Small

Line 24

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Form 8826, line 8 – $5,000 limitation

for the overall credit (reported on line 1e);

Business Credits

Enter the passive activity credit amount

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Form 8881, line 5 – $500 limitation for

for the empowerment zone and renewal

the overall credit (reported on line 1j);

community credit allowed from Form

If more than one Part III is

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Form 8882, line 7 – $150,000 limitation

8582-CR or Form 8810. See the

needed, write in your name(s) as

TIP

for the overall credit (reported on line 1k);

instructions for the applicable form for

shown on your return and your

and

details.

identifying number in the top margin of

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Form 8931, line 8 – $2 million limitation

See the instructions for Part I, line 3,

each Part III completed.

for the overall credit (reported on line 1v).

for the definition of a passive activity.

Complete a separate Part III for each

In situations where there is a limitation

box checked. In addition, for each box A,

Line 33

on the credit amount, the limited amount

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

Enter the passive activity credit amount

allowed is allocated pro-rata and anything

from more than one source and one of

for general business credits allowed

above the limitation is lost.

the sources is a pass-through entity, a

against TMT and eligible small business

separate Part III is needed for each

Lines 1a and 4a

credits allowed from Form 8582-CR or

pass-through entity for which you

Form 8810. See the instructions for the

If you are a cooperative described in

received the same credit. As a result, one

applicable form for details.

section 1381(a), you must allocate to your

checkbox could have multiple Parts III if

The passive activity credit amount

patrons the investment credit in excess of

you receive a single credit from multiple

allowed on line 33 only applies to the

your tax liability limit. Allocate to your

pass-through entities.

general business credits from Part II, line

patrons the portion, if any, of the

Box A Through H

32, plus any prior year unallowed passive

investment credit on line 6 or line 36 in

activity credit from general business

Check the box that identifies the credit

excess of line 16a or line 29, respectively.

credits reported on Part III, line 4, and

being reported. For boxes E and F,

While any excess is allocated to patrons,

eligible small business credit.

eligible small business credits only apply

any credit recapture applies as if you as

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

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