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Click ‘Get Form’ to open the Current Years Credit document in the editor.
Begin by entering your name and Social Security Number as shown on your tax forms. If filing jointly, include your spouse’s information as well.
In Part 1, list cash contributions made from January 1, 2017, through December 31, 2017. For each qualifying foster care charity, fill in the name, location (city and state), and the amount contributed.
If you contributed to more than three charities, complete the Continuation Sheet provided and ensure it is attached to your submission.
Proceed to calculate total contributions for both sections A and B. Enter these totals in the designated fields.
Finally, determine your current year’s credit by following the instructions for line entries and ensure all calculations are accurate before submitting.
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Part I Section 42.--Low-Income Housing Credit (Also
Section 42(d)(1) provides that the eligible basis of a new building is its adjusted basis as of the close of the first taxable year of the credit period.Read more
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