What is the form used for? :
- This form is used by owners of qualified residential rental buildings in low-income housing projects to figure the amount of their low-income housing credit, a component of the general business credit.
Is the form Supported in our program? Yes
How to access the form: To access the form, you will need to open a 1040/Business return on the online/desktop and then go to Add Form/Display and type 8586.
Limits to the form: The business variant of this form can only be accessed from the desktop software. This form cannot be copied.
Solution Articles:
8611 - Recapture of Low-Income Housing Credit
IRS Publication: https://www.irs.gov/forms-pubs/about-form-8586
