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Official form guide
Form 8611: Recapture of Low-Income Housing Credit
IRS Form 8611 is the Recapture of Low‑Income Housing Credit. It is used when a taxpayer must recapture part of a low‑income housing credit because the qualified basis of the building decreased or the property was disposed of, triggering a recapture.
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IRS Form 8611 - Recapture of Low-Income Housing Credit
IRS Form 8611 is the Recapture of Low‑Income Housing Credit. It is used when a taxpayer must recapture part of a low‑income housing credit because the qualified basis of the building decreased or the property was disposed of, triggering a recapture.
Risk Radar
Scan points- 1Failing to recapture the full amount shown on line 5.
- 2Skipping lines 1‑7 when the recapture is not from a flow‑through entity.
- 3Leaving Item F blank even though the building was financed with tax‑exempt bonds.
- 4Including credits taken by a previous owner on line 1, which must be excluded.
- 5Not entering “-0-” on line 11 and omitting the “Section 42(j)(5)” note for partnership recaptures.
Plain English
Form 8611 tells the IRS how much low‑income housing credit you have to give back if the value of the building you claimed the credit for goes down or you sell it. You list the credits you claimed before, any bond financing details, and do a worksheet to calculate the amount you must repay.
Submission Date
- Filing date: 2021-12-09 22:10:49
- 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 you must recapture part of the low‑income housing credit you claimed in previous years because the qualified basis decreased from one year to the next or you disposed of a building or an ownership interest and you did not follow the procedures that would have prevented recapture.
- Do not use it when recapture does not apply, such as when you disposed of the building and satisfy the requirements for avoiding recapture, the decrease does not exceed later additions, or the qualified basis is reduced by a casualty loss that is restored or replaced within a reasonable period.
- Check Form 8586 instead when you need to report the low‑income housing credit amounts themselves rather than recapturing them.
Form selector
Use this form or another form?
Individual filing Form 1040
Recapture tax must be entered on line 16 of Schedule 2
✓ Confirm line 16 is used for the recapture amount
Corporation filing Form 1120
Recapture tax must be entered on line 9b of Schedule J
✓ Verify Schedule J line 9b reflects the recapture
Reporting low‑income housing credit amounts
Credits are reported on Form 8586 before reduction
✓ Ensure Form 8586 includes the correct credit figures
Deadline or filing window
Not stated in the official source.
Checklist
What you need before filling it out
A Name(s) shown on return
Tax return header · Form 1040, 1120, or other return
C Address of building (as shown on Form 8609)
Form 8609 building address · Form 8609
F Tax‑exempt bond financing details
Issuer name, issue date, issue name, CUSIP · Bond issuance documents
Line 5 recapture amount
Worksheet lines a‑g on Form 8611 · Form 8611 worksheet
Line 14 reporting recapture tax
Schedule 2 (Form 1040) line 16 or Schedule J (Form 1120) line 9b · Individual or corporate tax return
Before you submit
- 1Enter the building’s name exactly as shown on the return
- 2Enter the identifying number (TIN) of the filer
- 3Enter the building address as it appears on Form 8609
- 4Enter the Building Identification Number (BIN) if applicable
- 5Enter the date placed in service from Form 8609
- 6If financed with tax‑exempt bonds, provide issuer name, issue date, issue name, and CUSIP
- 7Complete the worksheet lines a‑g to calculate the recapture amount on line 5
- 8Enter “-0-” on line 11 and write “Section 42(j)(5)” if the recapture is from a section 42(j)(5) partnership
- 9Attach the completed Form 8611 to the appropriate tax return
- 10Keep copies of Forms 8586, 8609, 8611, and 8693 for recordkeeping
How to file this form
- 1Gather required documents such as Form 8609, bond information, and prior credit forms
- 2Fill out each line on Form 8611, performing the worksheet calculations for recapture
- 3Attach Form 8611 to the tax return (Form 1040, 1120, etc.)
- 4File the return with the IRS by mail or authorized e‑file method
- 5Obtain an IRS acknowledgment receipt or electronic acceptance confirmation
Known limitations
- 1Recapture does not apply if you disposed of the building and satisfy the requirements for avoiding recapture
- 2Recapture does not apply for a partnership ownership interest subject to section 42(j)(5)
- 3Recapture does not apply when the decrease in qualified basis does not exceed later additions to qualified basis
- 4Recapture does not apply if qualified basis is reduced by a casualty loss and the property is restored or replaced within a reasonable period
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.
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Fillable formOpen in Editor->Form 8611 (Rev. December 2021) is the current edition; the form directs users to www.irs.gov/Form8611 for the latest information.
What changed or needs a fresh check
- Edition date — confirm revision reads Dec 2021
- Fee — Not stated in the official source
- Mailing address — Not stated in the official source
- Signature — Not stated in the official source
- OMB control number — confirm 1545-1035
Quick Facts
Downloads
After you file
- 1Retain a copy of the filed Form 8611 and all supporting documents
- 2Store records for 3 years after the 15‑year compliance period ends
- 3Watch for any IRS notice confirming the recapture tax amount
- 4If an error is discovered, file an amended return with a corrected Form 8611
- 5Confirm that the recapture tax appears on Schedule 2 (Form 1040) line 16 or Schedule J (Form 1120) line 9b
Sources
- SRCForm p.1 — revision date Dec 2021
- SRCForm p.1 — attach to return instruction
- SRCForm p.1 — separate Form 8611 for each building
- SRCForm p.2 — purpose of Form 8611 statement
- SRCForm p.2 — recapture does not apply if disposed and requirements met, etc.
- SRCForm p.2 — recordkeeping requirement for Forms 8586, 8609, 8611, 8693
- SRCForm p.3 — line 14 reporting recapture tax on Schedule 2 (Form 1040) line 16
- SRCForm p.3 — line 14 reporting recapture tax on Form 1120 Schedule J line 9b
- SRCForm p.3 — OMB No. 1545-1035
Common confusion points
Do I need a separate Form 8611 for each building?
The form states a separate Form 8611 is required for each building to which recapture applies.
→ Count buildings and verify one form per building.
What information is required if the building was financed with tax‑exempt bonds?
Section F asks for issuer name, issue date, issue name, and CUSIP only when applicable.
→ Check lines 1‑4 of section F and provide bond details if relevant.
Where do I report the recapture tax as an individual?
The instructions say recapture tax is reported on Schedule 2 (Form 1040) line 16.
→ Confirm Schedule 2 line 16 includes the recapture amount.
Can I include credits taken by a previous owner?
Prior owner credits must be excluded per the worksheet note.
→ Review prior owner credit entries and ensure they are omitted.
Does a casualty loss eliminate recapture?
Recapture is avoided if the qualified basis reduction is due to casualty loss and the property is restored or replaced within a reasonable period.
→ Verify restoration documentation and timing.
When should I enter “-0-” on line 11?
“-0-” is entered only for a section 42(j)(5) partnership recapture.
→ Check partnership status and section reference before entering -0-.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 8693 — used for recordkeeping and may be referenced in an amendment.
Questions about IRS Form 8611
What is IRS Form 8611 used for?
Form 8611 tells the IRS how much low‑income housing credit you have to give back if the value of the building you claimed the credit for goes down or you sell it. You list the credits you claimed before, any bond financing details, and do a worksheet to calculate the amount you must repay.
What information does IRS Form 8611 require?
Collects the total low‑income housing credits previously claimed (line 1), any tax‑exempt bond financing details (Item F), and the worksheet calculations that determine the recapture amount on lines 2‑9.
How do I complete IRS Form 8611?
If the recapture comes from a flow‑through entity, skip lines 1‑7 and start at line 8; otherwise, complete lines 1‑7 with total prior credits (line 1) and the worksheet (lines 2‑7). Provide bond financing information in Item F if applicable, then compute the recapture amount on lines 8‑16 and sign the form before filing.
Do I need a separate Form 8611 for each building?
The form states a separate Form 8611 is required for each building to which recapture applies. Count buildings and verify one form per building.
What information is required if the building was financed with tax‑exempt bonds?
Section F asks for issuer name, issue date, issue name, and CUSIP only when applicable. Check lines 1‑4 of section F and provide bond details if relevant.
Where do I report the recapture tax as an individual?
The instructions say recapture tax is reported on Schedule 2 (Form 1040) line 16. Confirm Schedule 2 line 16 includes the recapture amount.
Can I include credits taken by a previous owner?
Prior owner credits must be excluded per the worksheet note. Review prior owner credit entries and ensure they are omitted.
Does a casualty loss eliminate recapture?
Recapture is avoided if the qualified basis reduction is due to casualty loss and the property is restored or replaced within a reasonable period. Verify restoration documentation and timing.
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