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Official form guide
Form 8038-CPA: 8038-CP (Schedule A)
IRS Form 8038-CP Schedule A is used to compute the credit for specified tax credit bonds under section 6431. Issuers report bond maturities, interest, and apply a 70% multiplier for NCREBs and QECBs before attaching to Form 8038-CP.
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IRS Form 8038-CPA - 8038-CP (Schedule A)
IRS Form 8038-CP Schedule A is used to compute the credit for specified tax credit bonds under section 6431. Issuers report bond maturities, interest, and apply a 70% multiplier for NCREBs and QECBs before attaching to Form 8038-CP.
Risk Radar
Scan points- 1Failing to apply the 70% multiplier for NCREBs and QECBs will miscalculate the credit.
- 2Omitting the issuer’s name in the top section of Schedule A.
- 3Leaving the employer identification number (EIN) blank.
- 4Not providing the interest payment date (MM/DD/YYYY).
- 5Failing to multiply column (c) by 70% for NCREBs and QECBs as required.
Plain English
Schedule A helps bond issuers calculate the tax credit they can claim for certain renewable energy and school construction bonds. It requires listing each bond's maturity, interest due, and applying a 70% factor for some bond types. The totals are then reported on the main Form 8038-CP.
Submission Date
- Filing date: 2023-01-13 22:10:45
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when claiming a credit under section 6431 for specified tax credit bonds (NCREBs, QECBs, QZABs, and QSCBs).
Form selector
Use this form or another form?
Reporting credit for specified tax credit bonds
Required because Schedule A feeds into the main credit computation
✓ Confirm Schedule A attached
Calculating credit for NCREBs or QECBs
Uses 70% multiplier on applicable credit rate
✓ Ensure multiplier applied correctly
Summarizing totals on line 19c
Totals from Schedule A flow to line 19c
✓ Verify total entered matches Schedule A sum
Deadline or filing window
Not stated in the official source.
Checklist
What you need before filling it out
Issuer’s name
Legal name of bond issuer · Form 8038-CP header
Employer identification number (EIN)
Nine‑digit EIN · Form 8038-CP header
Interest payment date
Date of interest payment (MM/DD/YYYY) · Form 8038-CP line 18
Bond maturity date (column a)
Maturity date for each bond series · Schedule A table
Applicable credit rate (column c)
Credit rate from Form 8038-CP line 19b · Form 8038-CP calculations
Before you submit
- 1Enter the issuer’s name exactly as shown on Form 8038-CP.
- 2Enter the correct EIN without dashes.
- 3Record the interest payment date in MM/DD/YYYY format.
- 4List each bond maturity date in column (a).
- 5Enter interest payable on maturity in column (b) from Form 8038-CP line 18.
- 6Calculate column (c) using the credit rate from Form 8038-CP line 19b.
- 7Apply the 0.70 multiplier to column (c) for NCREBs and QECBs and place result in column (d).
- 8For NCREBs and QECBs, enter the smaller of column (b) or (d) in column (e); for QZABs and QSCBs, use the smaller of column (b) or (c).
- 9Sum column (e) and enter the total on line 19c of Form 8038-CP.
- 10Attach the completed Schedule A to Form 8038-CP before filing.
How to file this form
- 1Complete Schedule A using data from Form 8038-CP.
- 2Verify all calculations and totals on Schedule A.
- 3Attach Schedule A to Form 8038-CP.
- 4Sign Form 8038-CP and Schedule A.
- 5Mail the signed package to the IRS address indicated in the instructions.
- 6Retain a copy of the filed forms for your records.
Known limitations
- 1Applies only to credits under section 6431 for specified tax credit bonds (NCREBs, QECBs, QZABs, QSCBs) — Form p.1
- 2Column (d) multiplier of 70% is used only for NCREBs and QECBs; it is skipped for QZABs and QSCBs — Form p.1
- 3For NCREBs and QECBs, column (e) is the smaller of column (b) or column (d); for QZABs and QSCBs, column (e) is the smaller of column (b) or column (c) — Form p.1
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
Almost done reviewing the fields?
Fillable formOpen in Editor->Schedule A (Form 8038-CP) is revised December 2022; the form directs filers to www.irs.gov/Form8038CP for the latest information.
What changed or needs a fresh check
- Edition date — confirm revision date reads December 2022
- Latest information page — confirm URL www.irs.gov/Form8038CP is listed
- Fee — Not stated in the official source
- Mailing address — Not stated in the official source
- Signature — Not stated in the official source
Quick Facts
Downloads
After you file
- 1Retain the completed Schedule A with the attached Form 8038-CP for at least three years after the filing date.
- 2Keep the copy in the same file as the original Form 8038-CP for future reference.
- 3Expect the IRS to acknowledge receipt of the filing via mailed notice or electronic confirmation if filed electronically.
- 4If an error is discovered, file an amended Form 8038-CP with a corrected Schedule A and include an explanation of the change.
- 5Store the electronic PDF version in a secure archive for the required retention period.
Sources
- SRCForm p.1 — Schedule A is used when claiming a credit under section 6431 for specified tax credit bonds (NCREBs, QECBs, QZABs, QSCBs).
- SRCForm p.1 — Column (d) multiplier of 70% applies only to NCREBs and QECBs; skip for QZABs and QSCBs.
- SRCForm p.1 — For NCREBs and QECBs, column (e) is the smaller of column (b) or (d); for QZABs and QSCBs, column (e) is the smaller of column (b) or (c).
- SRCForm p.1 — Line 1 total adds amounts in column (e) above.
- SRCForm p.1 — Line 2 amount comes from page 2, line 4 (if any).
- SRCForm p.1 — Line 3 adds line 1 and line 2 and enters on Form 8038-CP, line 19c.
- SRCForm p.2 — Continuation table on page 2 begins with the first maturity after the last row on page 1.
- SRCNot stated in the official source — verify on the agency site
Common confusion points
Do I need to multiply column (c) by 70% for QZABs?
The schedule says the 70% multiplier applies only to NCREBs and QECBs.
→ Verify that the bond type is NCREB or QECB before applying the multiplier.
Should I enter column (d) for QSCBs?
Column (d) is skipped for QZABs and QSCBs per the instructions.
→ Leave column (d) blank for QSCBs.
Which amount do I put in column (e) for a NCREB?
Column (e) requires the smaller of column (b) or column (d) for NCREBs.
→ Compare column (b) and column (d) and record the lower value.
What if my bond matures after the last row on page 1?
The form provides a continuation table on page 2 for additional maturities.
→ Continue the table on page 2 starting with the next maturity date.
Do I add line 1 and line 2 on page 1 to get the total?
Line 3 instructs to add amounts on line 1 and line 2 and enter on Form 8038-CP, line 19c.
→ Sum line 1 and line 2 and transfer the total to line 19c of Form 8038-CP.
Is there a separate paperwork reduction act notice to attach?
The schedule references a separate instruction for the Paperwork Reduction Act notice.
→ Confirm that the required PRA notice is included as directed in the separate instructions.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 8038-CP – file an amended Form 8038-CP with corrected Schedule A.
Questions about IRS Form 8038-CPA
What is IRS Form 8038-CPA used for?
Schedule A helps bond issuers calculate the tax credit they can claim for certain renewable energy and school construction bonds. It requires listing each bond's maturity, interest due, and applying a 70% factor for some bond types. The totals are then reported on the main Form 8038-CP.
What information does IRS Form 8038-CPA require?
The form collects the issuer’s name, EIN, interest payment date, report number, each bond’s maturity date, interest amounts, credit‑rate calculations, and totals for columns (b) through (e).
How do I complete IRS Form 8038-CPA?
Enter the issuer’s name, EIN, interest payment date, and report number at the top. For each bond maturity, fill columns (a) through (c) using the interest and credit rate from Form 8038-CP line 19b. Multiply column (c) by 0.70 for NCREBs and QECBs, then enter the smaller of column (b) or the adjusted amount in column (e). Sum column (e) to get the total and record it on the designated lines, then attach Schedule A to Form 8038-CP.
Do I need to multiply column (c) by 70% for QZABs?
The schedule says the 70% multiplier applies only to NCREBs and QECBs. Verify that the bond type is NCREB or QECB before applying the multiplier.
Should I enter column (d) for QSCBs?
Column (d) is skipped for QZABs and QSCBs per the instructions. Leave column (d) blank for QSCBs.
Which amount do I put in column (e) for a NCREB?
Column (e) requires the smaller of column (b) or column (d) for NCREBs. Compare column (b) and column (d) and record the lower value.
What if my bond matures after the last row on page 1?
The form provides a continuation table on page 2 for additional maturities. Continue the table on page 2 starting with the next maturity date.
Do I add line 1 and line 2 on page 1 to get the total?
Line 3 instructs to add amounts on line 1 and line 2 and enter on Form 8038-CP, line 19c. Sum line 1 and line 2 and transfer the total to line 19c of Form 8038-CP.
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