Section 02 - Form 8703

Section 02 alpha designators, title, location and field lengths are listed below:

Field

Title

Form 8703

Max-Length

02BX

Project Check Box

Par 1, Line 1

1

02DT

Project Period Date

Part 1, Line 2

8

023A

Low-Income Housing Credit Allocation

Part 1, Line 3a

1

023B

Building Identification Number

Part 1, Line 3b

15

024

Units In Project Available Check box

Part 1, Line 4

1

Field 02BX is the Project Check Box, located in Part I, line 1a - 1e and is 1 position.

If it’s not numeric.

If it’s not "1" , "2" , "3" , "4" , "5" , "6" or "blank" .

Correct any coding or transcription errors.

Enter the applicable code (see table below) based on which check box is marked on Part I, line 1.

If

Then

check box "1a" is marked,

enter a "1" .

check box "1b" is marked,

enter a "2" .

check box "1c" is marked,

enter a "3" .

check box "1d" is marked,

enter a "4" .

check box "1e" is marked,

enter a "5" .

more than one check box is marked,

enter a "6" .

no check box is marked,

SSPND 211.

you can’t perfect it,

SSPND 211.

Rejects will:

If

Then

a reply is received,

enter the applicable code.

a no reply or an incomplete reply is received,

Enter a "6" and CCC "3" .

Continue processing the return.

Field 02DT is the Project Period Date, located in Part I, line 2 and is 8 positions.

The field is valid if it’s blank.

If it’s not numeric.

If it’s not in MM/DD/YYYY format.

Correct any coding or transcription errors.

If

Then

more than one date is present,

enter the earliest date shown on line 2.

blank,

enter from attachments.

unable to perfect from attachments,

SSPND 211.

Rejects will:

If

Then

a reply is received,

enter the project period date in Field 02DT.

no reply or an incomplete reply is received,

Leave Field 02DT blank.

Enter CCC 3.

Continue processing the return.

Field 023A is the Low-Income Housing Credit Allocation Check Box, located in Part I, line 3a and is 1 position.

If the "Yes" check box is marked, then line 3b must also have an entry or an attachment listing the building identification number(s) (BIN).

If it’s not numeric.

If it’s not "1" ," 2" , "3" , or "blank" .

Correct any coding or transcription errors.

Enter the applicable code (see table below) based on which check box is marked on Part I, line 1.

If

And

Then

the "Yes" check box is marked,

there is an entry on line 3b,

enter a "1" .

the "Yes" check box is marked,

there is no entry on line 3b,

perfect from attachments.

If unable to perfect, SSPND 211.

the "No" check box is marked,

there is no entry on line 3b,

enter a "2" .

the "No" check box is marked,

there is an entry on line 3b,

enter a "1" .

the both check boxes are marked,

there is an entry on line 3b,

enter a "1" .

the both check boxes are marked,

there is no entry on line 3b,

enter a "3" .

the neither check box is marked,

there is an entry on line 3b,

enter a "1" .

the neither check box is marked,

there is no entry on line 3b,

perfect from attachments.

If unable to perfect, SSPND 211.

Rejects will:

If

Then

a reply is received,

enter the applicable code.

no reply or an incomplete reply is received,

Enter a "3" in Field 023A.

Enter CCC "3" .

Continue processing the return.

Field 023B is the Building Identification Number, located in Part I, line 3b and is 15 positions.

This field is valid if blank.

If not alpha or numeric.

If Part I, line 3a check box is marked "Yes" , and a BIN number is not included.