Allotment: Schedule CHDC (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Allotment Schedule CHDC reports a pass-through entity’s distribution of the Certified Housing Development Credit to its partners, members, or owners. It records the project, certificate number, total credit distributed, and each recipient’s share.
Who files this form
A pass-through entity must complete the Allotment CHDC Certified Housing Development Credit Summary if it distributes any portion of the credit to its partners, members, or owners. This applies whether the entity is the project owner awarded the credit or a subsequent transferee.
The entity must also complete and give each recipient an Individual Certificate CHDC showing the amount of credit distributed to that recipient.
What you'll need
Have the following information ready to complete the form:
- The project owner's name, Federal Identification number, Social Security number, address, and phone number.
- The project's name, address, and phone number.
- The distributing entity's name, Federal Identification number, address, and phone number.
- The certificate number issued by the Department of Housing and Community Development (DHCD).
- The total credit being distributed and each recipient's name, Federal Identification number or Social Security number, and credit amount.
- An authorized signature on behalf of the pass-through entity, the date, and a contact person's name and phone number.
For submission, the form requires copies of:
- The certificate the project owner received from DHCD.
- The completed Allotment CHDC Certified Housing Development Credit Summary.
- The Individual Certificate CHDC for each partner, member, or owner receiving a distribution.
- Any Transfer/Sale CHDC Certified Housing Development Credit Certificate previously received, if the distributing entity is not the project owner awarded the credit by DHCD.
How to file
Complete the allotment form and have an authorized person sign on behalf of the pass-through entity. Complete and provide an Individual Certificate CHDC to each partner, member, or owner receiving credit.
Enter the credit amount and certificate number on the pass-through entity's tax return. Submit copies of the DHCD certificate, the allotment summary, and each recipient's Individual Certificate CHDC. If the entity is not the project owner awarded the credit, also submit a copy of any Transfer/Sale CHDC certificate it previously received.
Mail to:
Massachusetts Department of Revenue
200 Arlington Street, Room 4300
Chelsea, MA 02150
Attn. Credit Unit
Common mistakes
- Do not treat distributed credit as transferable by the recipient. The form warns that no portion of credit distributed by a pass-through entity to its partners, members, or owners may be transferred by those recipients.
- Check that all information is true and accurate before signing. The declaration is made under penalties of perjury.
Questions people ask
Does this requirement apply to an entity that received the credit through a transfer?
Yes. A pass-through entity that is a subsequent transferee must complete the allotment summary if it distributes any portion of the credit to its partners, members, or owners.
What must each recipient receive?
Each partner, member, or owner must receive a completed Individual Certificate CHDC showing the amount of credit distributed to them.
Can a partner, member, or owner transfer the distributed credit?
No. The form states that no portion of credit distributed to them by a pass-through entity is transferable by them.
What must the pass-through entity enter on its tax return?
The entity must enter the amount of the credit and the certificate number.
Who signs the allotment form?
An authorized person signs on behalf of the pass-through entity, certifying under penalties of perjury that all items and statements are true and accurate.