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Forma 8900 Istruzioni

Istruzioni per il modulo 8900, Manutenzione binaria qualificata Credito

Rev. dicembre 2023

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Scaricamento
Department of the Treasury  
Internal Revenue Service  
Instructions for Form 8900  
Qualified Railroad Track Maintenance Credit  
(Rev. December 2023)  
Section references are to the Internal Revenue Code  
unless otherwise noted.  
2. Any person (including a Class I railroad (see  
below)) who transports property using the rail facilities of a  
Class II or Class III railroad.  
3. Any person (including a Class I railroad (see  
below)) who furnishes railroad-related services or  
property to a Class II or Class III railroad.  
Future Developments  
For the latest information about developments related to  
Form 8900 and its instructions, such as legislation  
enacted after they were published, go to IRS.gov/  
For purposes of (2) or (3) above, the taxpayer is only  
eligible to claim the credit for miles of eligible railroad track  
assigned to it by a Class II or Class III railroad for  
What’s New  
Credit made permanent. The qualified railroad track  
maintenance credit was extended to cover qualified  
railroad track maintenance expenditures paid or incurred  
in all tax years beginning after 2022.  
Credit rate reduced to 40%. For tax years beginning  
after 2022, the credit rate on line 2 of Form 8900 was  
reduced from 50% to 40%.  
Class I railroads. In 2023, Canadian Pacific merged with  
Kansas City Southern reducing the list of Class I railroads  
from seven to six entities. See Eligible taxpayers.  
purposes of the credit. See the instructions for line 3c.  
Class I railroads include only the following six entities.  
BNSF.  
Canadian National.  
Canadian Pacific Kansas City.  
CSX.  
Norfolk Southern.  
Union Pacific.  
Rail facilities. Rail facilities of a Class II or Class III  
railroad are railroad yards, tracks, bridges, tunnels,  
wharves, docks, stations, and other related assets that are  
used in the transport of freight by a railroad and owned or  
leased by that railroad.  
Railroad-related property. Railroad-related property is  
property that is provided directly to a Class II or Class III  
railroad and is unique to railroads. For a complete  
description, see Regulations section 1.45G-1(b)(7).  
Railroad-related services. Railroad-related services are  
services that are provided directly to, and are unique to, a  
railroad and that relate to railroad shipping, loading and  
unloading of railroad freight, or repairs of rail facilities or  
railroad-related property. For examples of what are and  
what are not railroad-related services, see Regulations  
section 1.45G-1(b)(8).  
Eligible railroad track. Eligible railroad track is railroad  
track located within the United States that is owned or  
leased by a Class II or Class III railroad at the close of its  
tax year. The railroad is treated as owning the railroad  
track if it is subject to depreciation under section 167 by  
the railroad. Double track is treated as multiple lines of  
railroad track, rather than as a single line of railroad track.  
That is, 1 mile of single track is 1 mile, but 1 mile of double  
track is 2 miles.  
Which Revision To Use  
Use the December 2023 revision of Form 8900 for tax  
years beginning in 2023 or later, until a later revision is  
issued. The December 2023 revision reflects the new 40%  
credit rate discussed earlier. Use prior revisions of the  
form and instructions for earlier tax years. All revisions are  
available at IRS.gov/Form8900.  
General Instructions  
Who Must File  
Eligible taxpayers use Form 8900 to claim the railroad  
track maintenance credit (RTMC) for qualified railroad  
track maintenance expenditures (QRTME) paid or  
incurred during the tax year. If you are an assignor of miles  
of eligible railroad track, you must file Form 8900 even if  
you do not claim any RTMC. See the instructions for  
line 3b for the additional information that must be provided  
by assignors.  
Partnerships and S corporations must file this form to  
claim the credit. All other taxpayers are not required to  
complete or file this form if their only source for this credit  
is a partnership or S corporation. Instead, they can report  
this credit directly on line 4g in Part III of Form 3800,  
General Business Credit.  
Qualifying railroad structure. Qualifying railroad  
structure is property located within the United States that  
includes, in part, tunnels, bridges, and railroad track. For a  
complete description, see Regulations section 1.45G-1(b)  
(4).  
Definitions  
Eligible taxpayers. Eligible taxpayers include the  
Qualified railroad track maintenance expenditures  
(QRTME). QRTME are expenditures (whether or not  
otherwise chargeable to a capital account) for  
following.  
1. Any Class II or Class III railroad, as these terms are  
maintaining, repairing, and improving a qualifying railroad  
structure that is owned or leased as of January 1, 2015, by  
a Class II or Class III railroad. If you paid or incurred  
defined by the Surface Transportation Board.  
Oct 5, 2023  
Cat. No. 66497D  
 
QRTME during the tax year, you do not have to reduce  
that QRTME by any amount of direct or indirect  
reimbursement to which you are entitled from a Class II or  
Class III railroad which made an assignment of eligible  
railroad track to you.  
An assigned mile of eligible railroad track need not  
correspond to any specific mile of eligible railroad track for  
which the eligible taxpayer actually pays or incurs the  
QRTME. Further, an assignment requires no transfer of  
legal title or other indicia of ownership of the eligible  
railroad track, and need not specify the location of any  
assigned mile of eligible railroad track. However, the  
following information must be provided for the assignment  
in the form of a statement attached to the tax return for the  
tax year for which the assignment is made.  
Adjustments to Basis  
Some or all of the QRTME paid or incurred by an eligible  
taxpayer may be required to be capitalized as a tangible  
asset or an intangible asset, if applicable. See  
Regulations section 1.45G-1(e)(1).  
The name and taxpayer identification number of each  
assignee.  
The total number of miles of the assignor's eligible  
Use the amount of RTMC to reduce the basis of a  
qualifying railroad structure (including railroad track) asset  
or intangible asset, if applicable. The reduction is limited  
to the amount of QRTME capitalized for the asset. For  
further details, see Regulations section 1.45G-1(e)(2).  
railroad track.  
The number of miles of eligible railroad track assigned  
by the assignor for the tax year to the assignee.  
The total number of miles of eligible railroad track  
assigned by the assignor for the tax year to all assignees.  
Member of Controlled Group or  
Business Under Common Control  
Line 3c  
For purposes of figuring the credit, all members of a  
“controlled group of corporations” and all members of a  
“group of businesses under common control” are treated  
as a single taxpayer. See Regulations section 1.45G-1(f)  
(2) for a definition of these terms. As a member, your  
credit is determined on a proportionate basis to your share  
of the aggregate QRTME taken into account by the group  
for the RTMC. Enter your share of the credit on line 5.  
Attach a statement showing how your share of the credit  
was figured, and write “See Attached” next to the entry  
space for line 5.  
The following information must be provided for the  
assignment in the form of a statement attached to the tax  
return for the tax year for which the assignment is made.  
The total number of miles of eligible railroad track  
assigned to the assignee for the assignee's tax year.  
Attestation that the assignee has in writing, and has  
retained as part of the assignee's records for purposes of  
Regulations section 1.6001-1(a), the following information  
from each assignor.  
1. The name and taxpayer identification number of  
each assignor.  
2. The effective date of each assignment (treated as  
being made by the assignor at the end of its tax year) to  
the assignee.  
3. The number of miles of eligible railroad track  
assigned by each assignor to the assignee for the tax year  
of the assignee.  
Specific Instructions  
Line 1  
Qualified railroad track maintenance expenditures must  
be paid or incurred by an eligible taxpayer during the tax  
year.  
The payment by an eligible taxpayer, as an assignee, to  
a Class II or Class III railroad, as an assignor, in exchange  
for an assignment of miles of eligible railroad track for  
purposes of the credit computation is treated as QRTME  
paid or incurred by the assignee and not the assignor.  
Notes  
The assignee cannot reassign miles.  
If the assignor, in its required statement (see the  
instructions for line 3b above), assigns more miles than it  
has at the end of its tax year, the excess will be used to  
reduce each assignee's allocation in the same proportion  
as the assignee's original allocation of miles bears in  
relation to the total miles originally assigned.  
Line 3a  
(This line only applies to you if you are a Class II or Class  
III railroad.)  
Line 6  
Enter the number of eligible railroad track miles (see  
Enter total qualified railroad track maintenance credits  
from:  
Eligible railroad track, earlier) owned or leased by you.  
Schedule K-1 (Form 1065), Partner's Share of Income,  
Line 3b  
Deductions, Credits, etc., box 15 (code AJ); and  
(This line only applies to you if you are a Class II or Class  
III railroad.)  
Schedule K-1 (Form 1120-S), Shareholder's Share of  
Income, Deductions, Credits, etc., box 13 (code AJ).  
You must reduce on line 3b the number of miles of  
eligible railroad track entered on line 3a that you assigned  
to another eligible taxpayer for purposes of the credit  
computation. You can only assign each mile of railroad  
track once during your tax year. Each mile of railroad track  
you assign is treated as being assigned on the last day of  
your tax year.  
Partnerships and S corporations report the above  
credits on line 6. All other filers figuring a separate credit  
on earlier lines also report the above credits on line 6. All  
others not using earlier lines to figure a separate credit  
can report the above credits directly on Form 3800, Part  
III, line 4g.  
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Instructions for Form 8900 (December 2023)  
Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the  
United States. You are required to give us the information. We need it to ensure that you are complying with these laws  
and to allow us to figure and collect the right amount of tax.  
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act  
unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be  
retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax  
returns and return information are confidential, as required by section 6103.  
The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden  
for individual and business taxpayers filing this form is approved under OMB control number 1545-0074 and 1545-0123  
and is included in the estimates shown in the instructions for their individual and business income tax return. The  
estimated burden for all other taxpayers who file this form is shown below.  
Recordkeeping .  
Learning about the law or the form.  
Preparing and sending the form to the IRS  
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4 hr., 4 min.  
0 hr., 53 min.  
1 hr., 00 min.  
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler,  
we would be happy to hear from you. See the instructions for the tax return with which this form is filed.  
Instructions for Form 8900 (December 2023)  
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