The Tax Reform Act of 1986 (Code section 42) permits owners of residential rental projects providing low-income housing to claim a credit against income tax for part of the cost of constructing or rehabilitating such low-income housing. Form 8586 is used by taxpayers to compute the credit and by IRS to verify that the correct credit has been claimed.
The latest form for Low-Income Housing Credit expires 2022-08-31 and can be found here.
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Form and Instruction |
Supporting Statement A |