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Utah Free Printable 2008 TC-40LIS Credit Share Summary of Low-Income Housing Project for 2020 Utah Credit Share Summary of Low-Income Housing Project

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Credit Share Summary of Low-Income Housing Project
2008 TC-40LIS Credit Share Summary of Low-Income Housing Project

Print form Clear form Utah State Tax Commission Credit Share Summary of Low-Income Housing Project TC-40LIS Get forms online - tax.utah.gov Rev. 12/08 The building project owner uses this form to identify other taxpayers who will share in the low-income housing project tax credit. The building owner must complete this form and attach it to his individual, corporate franchise, or fiduciary tax return. Name of building owner Building owner’s identification number Address of building Building identification number (BIN) City State ZIP Code Tax year ending Column A Taxpayer Column B Taxpayer SSN or EIN Column C Column E Column D Percentage of Federal Credit Owned Utah Low-income Housing Tax Credit (multiply Column D by line 4 of form TC-40TCAC) Percentage of Utah Credit Owned 00 00 00 % % % % % % % % % % 00 00 % % 00 % % % % % % 00 00 00 % % 00 % % % % 00 00 % % % % % % % % % % % % % % % % % % % % $ Total Credit $ 00 00 00 00 00 00 00 00 00 00 00 General Procedures and Instructions The building owner must: 1) complete this form each year identifying the taxpayers who will share in the low-income housing project tax credit; 2) allocate the credit to each taxpayer who will receive a share in the building project; 3) attach this form to his individual, corporate franchise, or fiduciary tax return; and 4) keep a copy of this form and all related documents with his tax records. A separate form TC-40LIS must be completed for each building project in a multiple building project. Worksheet Instructions: This form is to be completed for the tax year in which the credit is allowed. Column A: List each individual or entity who will share in the low-income housing project tax credit. Column B: If the taxpayer in Column A is an individual enter their social security number. All others, enter their employer identification number. Column C: List the percentage of the federal low-income housing credit allocated to each individual or entity in Column A. The building project owner determines this percentage. Column C should total 100 percent. Column D: List the percentage of the state low-income housing credit allocated to each individual or entity in Column A. The building project owner determines this percentage. Column D should total 100 percent. Column E: This is the amount of the state tax credit allocated to the taxpayer in Column A for the current year building project. This amount is calculated by taking the percentage in Column D and multiplying it by the annual state low-income housing tax credit shown on line 4 of form TC-40TCAC. Column E should total Line 4 of form TC-40TCAC.
Extracted from PDF file 2019-utah-form-tc-40lis.pdf, last modified March 2003

More about the Utah Form TC-40LIS Individual Income Tax Tax Credit TY 2019

We last updated the Credit Share Summary of Low-Income Housing Project in February 2020, so this is the latest version of Form TC-40LIS, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form TC-40LIS directly from TaxFormFinder. You can print other Utah tax forms here.

Other Utah Individual Income Tax Forms:

TaxFormFinder has an additional 55 Utah income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form TC-40 Utah Individual Income Tax Return
Form TC-547 Individual Income Tax Return Payment Coupon
Form TC-546 Individual Income Tax Prepayment Coupon (This is NOT an extension form)
Form TC-40B Schedule B - Non or Part-year Resident Utah Income Schedule
Form TC-40W TC-40 Withholding Schedules

Download all UT tax forms View all 56 Utah Income Tax Forms


Form Sources:

Utah usually releases forms for the current tax year between January and April. We last updated Utah Form TC-40LIS from the State Tax Commission in February 2020.

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Form TC-40LIS is an Utah Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Utah Form TC-40LIS

We have a total of nine past-year versions of Form TC-40LIS in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form TC-40LIS

2008 TC-40LIS Credit Share Summary of Low-Income Housing Project

2018 Form TC-40LIS

2008 TC-40LIS Credit Share Summary of Low-Income Housing Project

2017 Form TC-40LIS

2008 TC-40LIS Credit Share Summary of Low-Income Housing Project

2016 Form TC-40LIS

2008 TC-40LIS Credit Share Summary of Low-Income Housing Project

2015 Form TC-40LIS

2008 TC-40LIS Credit Share Summary of Low-Income Housing Project

Credit Share Summary of Low-Income Housing Project 2014 Form TC-40LIS

2008 TC-40LIS Credit Share Summary of Low-Income Housing Project

Credit Share Summary of Low-Income Housing Project 2013 Form TC-40LIS

2008 TC-40LIS Credit Share Summary of Low-Income Housing Project

2012 Form TC-40LIS

2008 TC-40LIS Credit Share Summary of Low-Income Housing Project

2011 Form TC-40LIS

2008 TC-40LIS Credit Share Summary of Low-Income Housing Project


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