Form 8611 is used to ensure compliance with recapture provisions when there is a reduction in the qualified basis of a property or if a building is disposed of without meeting specific non-recapture requirements. Taxpayers may need to use this form to repay a portion of the low-income housing credit claimed in previous years. Repayment may be required if the qualifying conditions for the credit have decreased from one year to the next, or if a building (or share of it) is sold without taking the necessary steps to avoid credit recapture.
Program entry
You can enter this into the program by following this path:
- Federal
- Other Taxes
- Recapture of Low Income Housing Credit (8611)