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Official form guide
Form 8912: Credit to Holders of Tax Credit Bonds
IRS Form 8912 is used to claim credit for tax credit bonds by holders of those bonds. The credit is not available for bonds issued after December 31, 2017.
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IRS Form 8912 - Credit to Holders of Tax Credit Bonds
IRS Form 8912 is used to claim credit for tax credit bonds by holders of those bonds. The credit is not available for bonds issued after December 31, 2017.
Risk Radar
Scan points- 1Do not enter any bond credits for bonds issued after December 31, 2017.
- 2Failing to separate entries for bonds with different issuance dates or credit rates (Part III/IV).
- 3Double-counting bond amounts already reported on a Schedule K-1 or Form 1097-BTC.
- 4Not allocating CREB credits on line 4 between the estate/trust and beneficiaries proportionally.
- 5Entering an amount on Part I, Line 3 that is not attributable to a qualified tax credit bond or BAB.
Plain English
This form allows a taxpayer to claim a specific tax credit earned from holding certain types of bonds. Taxpayers use Form 8912 to report these credits, such as those from clean renewable energy or qualified zone academy bonds. By filing this form, the filer claims the reduction in their federal income tax owed for the year.
Submission Date
- Filing date: 2024-12-04 22:11:17
- 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 the credit for a Clean renewable energy bond (CREB), New clean renewable energy bond (NCREB), Qualified energy conservation bond (QECB), or Qualified zone academy bond (QZAB).
- Do not use Form 8912 when holding bonds issued after December 31, 2017.
- Check Form 1097-BTC instead when the credit is reported to you on that form.
Form selector
Use this form or another form?
Shareholder of an S corporation holds a QZAB
The shareholder may claim the credit from a QZAB held by an eligible S corporation.
✓ Check Form 1040 (Schedule K)
Taxpayer holds a BAB on an interest payment date
A taxpayer holding a Build America Bond (BAB) can file Form 8912 on the interest payment date.
✓ Check Form 1040
Bond credit is passed through from a pass-through entity without a 1097-BTC
Complete a separate copy of Part IV for each bond credit passed through that lacks a Form 1097-BTC.
✓ Check Form 1097-BTC
Deadline or filing window
The credit is generally not available for bonds issued after December 31, 2017. The instructions do not state a specific filing deadline date, but the form must be completed to claim the current year's tax credits. No extension period is specifically mentioned in the provided excerpts.
Checklist
What you need before filling it out
Part I, Line 1 (Total credit from Part III)
Amount entered on Form 8912, Part I, line 14 · Part I
Part IV, Line 20 (Credit from bonds held by you/nominee not reported)
Total amount from all completed Parts IV, line 20 · Part I
Line 18, Column (b) (Face amount or interest payable)
Face amount of CREB, QZAB (pre-Oct 4, 2008), or BAB's interest payable · Part IV
Part II, Line 7 (Regular tax before credits)
Sum of tax from Form 1040/1040-SR/1040-NR, line 16 AND Schedule 2 (Form 1040), line 1z · Part II
Part I, Line 3 (Carryforward)
Amount carried forward for qualified tax credit bonds and build America bonds to 2021 · Part I
CREB/QZAB Rule Application
Rules of sections 54A and 54E (as in effect on December 21, 2017) apply to QZABs issued after October 3, 2008. · Instructions p.1
Before you submit
- 1Ensure the name(s) shown on your tax return match those listed on Form 8912, Part I (Line 1).
- 2Verify that you have attached a Part IV for every bond held or credit received not reported on Form 1097-BTC.
- 3If multiple copies of Part III are completed, confirm the total amount is entered on Part I, Line 14.
- 4Confirm all entries on Part IV, Line 20 have been totaled and placed on Part I, Line 2.
- 5For bonds redeemed or sold, ensure the correct date is entered on Part IV, Line 17.
- 6If filing for an estate/trust, confirm you calculated Line 6 by subtracting Line 5 from Line 4.
- 7Verify that the amount reported in Part I, Line 4 (Total credit) correctly sums Lines 1 through 3.
How to file this form
- 1Complete Part IV for each bond held or credit received not reported on Form 1097-BTC, ensuring you enter the CUSIP number and appropriate payment date/amount on Line 18.
- 2Enter the total of all amounts from Part III onto Part I, Line 14, then transfer that sum to Part I, Line 1.
- 3Total the amount from every completed Part IV, Line 20, and enter this aggregate total onto Part I, Line 2.
- 4Calculate Part I, Line 3 if applicable (Carryforward) and add Lines 1, 2, and 3 together to determine the Total credit on Part I, Line 4.
- 5Complete Part II by entering your Regular tax before credits on Line 7 based on your specific filing status (Individual, Corporation, or Estate/Trust).
- 6Sign and date Form 8912 after completing all required sections, then attach it to the appropriate federal tax return.
Known limitations
- 1The credit claimed on Form 8912 is not available for bonds issued after December 31, 2017.
- 2If a bond was purchased between credit allowance dates or interest payment dates, the interest accrued as of the date of purchase (as reflected in the purchase price) is not included when the purchaser receives the value of the credit.
- 3For estates and trusts claiming a credit for a clean renewable energy bond, the amount is reported on line 5 of Form 8912 instead of being added to the total on line 4.
Field map
Compact field-by-field guide
Entity Info
1 items
Name and taxpayer ID of the entity claiming the credit.
Credit Info
1 items
Type of credit or incentive being claimed.
Calculation
2 items
The base amount used to calculate the credit.
Calculated credit amount after applying formulas and limitations.
Certification
1 items
Detailed breakdown supporting the credit calculation.
Signatures
1 items
Sign and date the form.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition of IRS Form 8912 is dated December 2024, and instructions will no longer be updated annually; instead, they update when necessary.
What changed or needs a fresh check
- Edition date — confirm the revision date reads December 2024.
- OMB No. — confirm the form displays OMB No. 1545-2025.
- Attachment Sequence — confirm that Part IVs are attached with Attachment Sequence No. 154.
- Credit Availability — confirm the bond was issued on or before December 31, 2017.
Quick Facts
Downloads
After you file
- 1Attach one copy of completed Form 8912 to the tax return.
- 2Keep a copy of the filed Form 8912 for records.
- 3If reporting a bond credit received from a pass-through entity, complete lines 15a and 15b on Form 8912.
- 4For fiscal year filers, use information from applicable boxes 5a through 5l of Form 1097-BTC to claim the credit for their fiscal tax year.
Sources
- SRCInstructions p.1 — The credit is not available for bonds issued after December 31, 2017.
- SRCInstructions p.1 — Form 8912 is used to claim the credit for Clean renewable energy bond (CREB), New clean renewable energy bond (NCREB), Qualified energy conservation bond (QECB), and Qualified zone academy bond (QZAB).
- SRCInstructions p.3 — Line 13, Column (b1) requires the Form 1097-BTC issuer's federal identification number.
- SRCInstructions p.3 — Line 13, Column (c) requires the amount shown in box 1 of any Form 1097-BTC received.
- SRCInstructions p.4 — The tax year for this form begins December 1, 2017, and ends November 30, 2018.
- SRCForm p.1 — Line 1 requires the bond credit(s) from Part III (the amount listed on line 14).
- SRCInstructions p.3 — If reporting a bond credit received from a pass-through entity, you complete lines 15a and 15b.
- SRCForm p.1 — Line 4 is the Total credit, calculated by adding lines 1 through 3.
Common confusion points
Should I enter my bond credit on Line 1 or Line 2?
Confusion
The amount is entered on Line 1 if completing and attaching one copy of Part III; it is entered on Line 2 for bond credits from Part IV.
→ Check the source to see which part generated the credit.
What do I enter in Column (b1) on Line 13?
Confusion
This field requires the Form 1097-BTC issuer's federal identification number shown on that form.
→ Verify this number matches what is printed on your Form 1097-BTC.
How do I handle a bond credit from a pass-through entity?
Confusion
If received from one, report the credit on Part III, line 13; if reporting through a pass-through entity, complete lines 15a and 15b and enter the amount on line 18, column (f).
→ Determine if you are filing directly or via a pass-through entity.
What is the total credit?
Confusion
The total credit is calculated by adding the amounts from Line 1, Line 2, and Line 3.
→ Ensure all three lines have been populated correctly before summing them on Line 4.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- IRS.gov/Form8912 (Go to this website for the latest information about developments related to Form 8912 and its instructions.)
Questions about IRS Form 8912
What is IRS Form 8912 used for?
This form allows a taxpayer to claim a specific tax credit earned from holding certain types of bonds. Taxpayers use Form 8912 to report these credits, such as those from clean renewable energy or qualified zone academy bonds. By filing this form, the filer claims the reduction in their federal income tax owed for the year.
Who must file IRS Form 8912?
Individuals, estates, and trusts must file IRS Form 8912 to claim the credit for qualifying tax credit bonds.
What information does IRS Form 8912 require?
The form collects details on credits reported by listing them in Part III (from Form 1097-BTC), or credits held directly/through a nominee in Part IV. Part I summarizes these totals, while Line 3 allows entry of any prior year's credit carryforward.
When is IRS Form 8912 due?
The source does not specify a filing deadline date; however, the form is used to claim credits for bonds issued up to December 31, 2017.
Where do I file IRS Form 8912?
The instructions do not list a specific service center address for mailing. The general instruction directs filers to use Form 8912 and its instructions when filing with the IRS.
How do I complete IRS Form 8912?
Filers must complete Part III and Part IV before finishing Part I and Part II. For instance, Line 1 of Part I enters the total from Part III, line 14, while Line 2 enters the amount from Part IV, line 20. The filer signs the form after completing all necessary sections.
What happens if IRS Form 8912 is filed incorrectly?
If the form is completed incorrectly, credits may be underreported or misallocated; for example, an estate or trust must allocate CREB credit on line 4 between the estate or trust and beneficiaries in proportion to income allocation.
Confusion — what should I check?
The amount is entered on Line 1 if completing and attaching one copy of Part III; it is entered on Line 2 for bond credits from Part IV. Check the source to see which part generated the credit.
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