This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 8874 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on November 1, 2018. As of today, no separate filing guidelines for the form are provided by the IRS.
Q: What is IRS Form 8874?
A: IRS Form 8874 is the form used to claim the New Markets Credit.
Q: What is the New Markets Credit?
A: The New Markets Credit is a tax credit designed to encourage investments in low-income communities.
Q: Who is eligible to claim the New Markets Credit?
A: Eligible entities, including individuals, corporations, and partnerships, can claim the New Markets Credit.
Q: How does the New Markets Credit work?
A: The New Markets Credit allows taxpayers to claim a credit equal to a percentage of the qualified investment made in a designated low-income community.
Form Details:
Download a fillable version of IRS Form 8874 through the link below or browse more documents in our library of IRS Forms.