Section 07 - Form 8038-GC

Section 07 alpha designators, title, location and field lengths are listed below:

Field

Title

Form 8038-GC

Field Lengths

07BX

Single or Consolidated Box

Part II, Description of Obligations

1

078A

Entire Issue Price

Part II, Line 8a

15

079A

For Leases for Vehicles

Part II, Line 9a

15

079B

For Leases for Office Equipment

Part II, Line 9b

15

079C

For Leases for Real Property

Part II, Line 9c

15

079D

For Other Leases

Part II, Line 9d

15

079E

For Bank Loans for Vehicles

Part II. Line 9e

15

079F

For Bank Loans for Office Equipment

Part II, Line 9f

15

079G

For Bank Loans for Real Property

Part II, Line 9g

15

079H

For Bank loans for Other

Part II, Line 9h

15

079I

Proceeds Current Refund Amount

Part II, Line 9i

15

079J

Proceeds Tax Exempt Amount

Part II, Line 9j

15

079K

Other

Part II, Line 9k

15

0710

Designated Issue Section 265 Box

Part II, Line 10

11

0711

Penalty Payment Election Indicator Box

Part II, Line 11

1

0713

Vendor's or Bank's Employer Identification Number

Part II, Line 13

9

07SIG

Signature Code

Signature on return

1

07PRE

Preparation Code

Right margin of the preparer PTIN line

1

07PSN

Preparer PTIN

Part II Signature block

9

07PEN

Preparer EIN

Part II Signature block

9

07PTN

Preparer Telephone #

Part II Signature block

10

Field 07BX is the Single or Consolidated Check Box, located on Form 8038-GC in Part II, Description of Obligations and is 1 position.

If blank.

If not numeric.

The field is valid if the entry is "1" or "2" .

Correct any coding or transcription errors.