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2005 1065 K-1 Line 15 code R and S

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A section 42(j)(5) partnership will report recapture of a low-income housing credit with code R. All other partnerships will report recapture of a low-income housing credit with code S. Keep a separate record of recapture from each of these sources so that you will be able to correctly compute any recapture of low-income housing credit that may result from the disposition of all or part of your partnership interest. For more information, see Form 8611, Recapture of Low-Income Housing Credit.

2005 1065 K-1 instructions

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