Skip to main content
Level 1
March 31, 2026
Question

HOW IS A PARTNERSHIP ALLOCATED CODE F CREDIT ENTERED INTO AN INDIVIDUAL'S RETURN

  • March 31, 2026
  • 1 reply
  • 5 views
WHAT SCREEN IS USED TO ENTER A CODE F CREDIT

    1 reply

    dascpa
    Level 11
    March 31, 2026
    Key Details on Other Rental Real Estate Credits (Box 15)
    • Identification: The partnership must identify the type of credit, which may include low-income housing, rehabilitation, or other specific credits, in the box 15 codes or attached statement.
    • Code F/G: Code F usually represents "Other rental real estate credits" and Code G represents "Other rental credits".
    • Reporting: These credits are generally entered on Form 3800, Part III, via the "Credits from Pass Through Entities" section in tax software.
    • Passive Limitation: Since these are rental real estate credits, they are considered passive. You must file Form 8582-CR, Passive Activity Credit Limitations, to determine if the credits can be used in the current year.