Skip to main content
March 28, 2025
Question

low income housing tax credit partnership final k-1 for 2024

  • March 28, 2025
  • 1 reply
  • 0 views

how do I enter the disallowed passive losses from all the previous years?

 

    1 reply

    April 3, 2025

    If you have carryover credit from Form 3800 for low-income housing, Use Part VI to break out details of component credits carried forward to the current tax year from more than one prior year or carried back from a later year. This includes any share of unused credits from multiple pass-through entities.

     

    You’re also required to attach a statement for each component credit carried over to the current tax year detailing, among other things:

    • the tax year in which the credit originated
    • the amount of the credit as reported on the original return
    • the amount of the credit allowed for the original tax year
    • whether the total carryforward amount was changed from the originally reported amount.

    Here's more info on Form 3800. 

     

    @idahogoin