Allotment Schedule HRC: Historic Rehabilitation Credit Summary (2024)
Massachusetts · Massachusetts DOR · Used for tax years 2024
Massachusetts Allotment Schedule HRC summarizes historic rehabilitation credits distributed or assigned to partners, members or owners for 2024. It reports project and owner information, the Massachusetts Historical Commission certificate number, the total credit allotted, and ea
Who files this form
If a project distributes or assigns any portion of its historic rehabilitation credit to partners, members or owners, the project or owner must complete Allotment Schedule HRC, Historic Rehabilitation Credit Summary.
The project or owner must also complete and provide an Individual Certificate HRC to each recipient, showing the amount of credit distributed or assigned.
Both the project or owner and recipients must file copies of the required credit documents with their Massachusetts tax returns.
What you'll need
The form requires these credit documents with the Massachusetts tax return:
- The Project Certificate issued by the Massachusetts Historical Commission.
- Allotment Schedule HRC, Historic Rehabilitation Credit Summary.
- The Individual Certificate HRC.
To complete the summary, have the following information ready:
- The calendar year or taxable-year beginning and ending dates.
- Project name, Building Identification number, address and phone number.
- Project owner's name, Federal Identification number, Social Security number, address and phone number, as requested on the form.
- Certificate number issued by the Massachusetts Historical Commission.
- Total credit allotted to other taxpayers.
- Each recipient's name, Federal Identification number or Social Security number, and credit amount allotted.
How to file
The project or owner must file copies of the Project Certificate, Allotment Schedule HRC and Individual Certificate HRC with its Massachusetts tax return.
Partners, members or owners who receive an Individual Certificate HRC must file a copy of that certificate, along with copies of the related Project Certificate and Allotment Schedule HRC, with their Massachusetts tax returns.
The form does not provide a mailing address or e-filing instructions.
Questions people ask
When must a project complete Allotment Schedule HRC?
The project or owner must complete it when the project distributes or assigns any portion of the credit to its partners, members or owners.
What must each credit recipient receive?
Each partner, member or owner must receive an Individual Certificate HRC showing the amount of credit distributed or assigned to them.
Do recipients need to file the summary with their tax returns?
Yes. Recipients must file copies of Allotment Schedule HRC, their Individual Certificate HRC and the related Project Certificate with their Massachusetts tax returns.
Which certificate number goes on the summary?
Enter the certificate number issued by the Massachusetts Historical Commission.
What allotment details does the summary ask for?
It asks for the total amount allotted to other taxpayers and each recipient's name, Federal Identification number or Social Security number, and amount of credit allotted.