Instructions for Form 8900 (2018)
Qualified Railroad Track Maintenance Credit
For the latest information about developments related to Form 8900 and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form8900.
The qualified railroad track maintenance credit expired for qualified railroad track maintenance expenditures paid or incurred in tax years beginning after 2017.
At the time these instructions went to print, Congress had not enacted legislation on expired provisions. To find out if legislation has been enacted, go to IRS.gov/Extenders.
Partnerships and S corporations use the 2018 Form 8900 to report any qualified railroad track maintenance credit they receive from a fiscal year partnership whose tax year began in 2017 (when the credit was still available) and ends during their 2018 tax year. All other taxpayers report this credit directly on line 4g in Part III of Form 3800, General Business Credit.
These lines are now shown as "Reserved for future use" in case Congress extends the credit for 2018. When any form, worksheet, or instruction refers to these lines, treat the amounts on these lines as zero.
Enter total qualified railroad track maintenance credits from:
Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc., box 15 (code P); and
Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc., box 13 (code P).
Partnerships and S corporations report the above credits on line 6. All other taxpayers:
Report the above credits directly on Form 3800, Part III, line 4g; and
Do not file Form 8900.
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The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for individual and business taxpayers filing this form is approved under OMB control number 1545-0074 and 1545-0123 and is included in the estimates shown in the instructions for their individual and business income tax return. The estimated burden for all other taxpayers who file this form is shown below.
|Recordkeeping||4 hr., 4 min.|
|Learning about the law or the form||0 hr., 53 min.|
|Preparing and sending the form to the IRS||1 hr., 00 min.|
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. See the instructions for the tax return with which this form is filed.