Reporting the Transfer Election

In addition to computing and reporting credits earned on the annual tax return, a taxpayer that is monetizing one or more credits by transferring the credit to an unrelated transferee taxpayer must make any necessary adjustments to credits reported on Form 3800 to account for credits used and credits transferred. Refer to the instructions for the source credit form Form 3800, and the instructions for the appropriate tax return form for more information. See FAQs at Elective Pay and Transferability Frequently Asked Questions: Transferability for information about making and documenting a credit transfer.