Updates to the 2018 Form 8835 and 2018 Instructions for Form 8835

 

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If you viewed the 2018 Form 8835, or its instructions, before March 9, 2020, please note the following updates that have been made as a result of the Taxpayer Certainty and Disaster Tax Relief Act of 2019.

2018 Form 8835

  • On line 6, the refined coal rate was updated to $7.032 per ton.
  • On line 10, the Indian coal credit was extended and reinstated with the credit rate of $2.466.

2018 Instructions for Form 8835

  • References to the Indian coal credit were reinstated. The credit period for Indian coal produced at a qualified Indian coal facility has been extended to a 15-year period for Indian coal produced at a qualified Indian coal facility placed in service before 2009.
  • The election to treat qualified facilities as energy property for the energy investment tax credit (ITC) was extended