Form 8329

(Rev. October 2012)

Department of the Treasury 

Internal Revenue Service 

Lender's Information Return for 

Mortgage Credit Certificates (MCCs)

For calendar year ending 

▶ Information about Form 8329 and its instructions is at www.irs.gov/form8329.

OMB No. 1545-0922 

Part I Reporting Authority 

Lender’s name Employer identification number 

Lender’s address (number, street, or P.O. box no., if mail is not delivered to street address) Room/suite 

City, town, or post office, state, and ZIP code 

Part II Issuing Authority 

Issuer’s name Employer identification number 

Issuer’s address (number, street, or P.O. box no., if mail is not delivered to street address) Room/suite Election date 

City, town, or post office, state, and ZIP code Nonissued bond amount 

Part III Recipients of Mortgage Credit Certificates (If more than five recipients, see instructions.) 

(a) 

Name(s) 

(b) 

Address 

Do not use a P.O. box number. 

(c) 

Social Security Number(s) 

1 

2 

3 

4 

5 

Part IV Computation of the Total Amount of Mortgage Credit Certificates (Note: Match the information 

entered on each line with information entered on each corresponding line in Part III.) 

(d) 

Date of Issue of MCC 

(e) 

Certified Indebtedness Amount 

of Each MCC Issued 

(f) 

Certificate Credit Rate

(g) 

Amount of MCC Issued

(column (e) x column (f)) 

1 

2 

3 

4 

5 

6 Total amount of MCCs issued. (See instructions.) . . . . . . . . . . . . . ▶

Sign 

Here 

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge 

and belief, it is true, correct, and complete. Declaration of preparer (other than representative of lender) is based on all information of which preparer has any 

knowledge.

▲

Signature of authorized representative of lender Date ▲

Title

Paid 

Preparer 

Use Only

Print/Type preparer’s name Preparer's signature Date Check if 

self-employed

PTIN

Firm’s name ▶

Firm's address ▶

Firm's EIN ▶

Phone no.

For Paperwork Reduction Act Notice, see instructions. Cat. No. 13902F Form 8329 (Rev. 10-2012) 
Form 8329 (Rev. 10-2012) Page 2 

General Instructions 

Section references are to the Internal Revenue Code 

unless otherwise noted. 

Any person who makes a loan that is a “certified 

indebtedness amount” on any mortgage credit 

certificate (MCC) must maintain books and records 

of the activity and file Form 8329. (See Temporary 

Regulations section 1.25-8T(a).) 

A separate Form 8329 must be filed for each 

issue of MCCs for which the lender made mortgage 

loans during the calendar year. Each issue of MCCs 

corresponds to the MCC program relating to the 

nonissued bond amount that was the subject of the 

election made on the election date. Both the 

nonissued bond amount and the election date are to 

be provided in Part II of this Form 8329. 

Future Developments

For the latest information about developments 

related to Form 8329 and its instructions, such as 

legislation enacted after they were published, go to 

www.irs.gov/form8329. 

Purpose of Form 

Form 8329 is used by lenders of certified 

indebtedness amounts to provide the IRS with 

information regarding the issuance of MCCs under 

section 25. 

The MCC must be issued under a program that 

meets the residence requirements of section 143(c). 

Under these requirements, the residence must: (1) 

be a single-family residence that can reasonably be 

expected to become the principal residence of the 

mortgagor within a reasonable time after the 

financing is provided, and (2) be located in the 

jurisdiction of the authority issuing the certificate. 

See section 25(c)(2) for additional requirements. 

Who Must File 

Any person who makes a loan that is a certified 

indebtedness amount on any MCC must file Form 

8329. 

When To File 

File Form 8329 by January 31 following the close of 

the calendar year in which the lender made certified 

indebtedness loans. 

The IRS may grant an extension of time to file 

Form 8329 if there is reasonable cause for not filing 

on time. 

Where To File 

File Form 8329 with the Department of the Treasury, 

Internal Revenue Service Center, Ogden, UT 84201. 

Penalty 

Any person required to file Form 8329 may be 

subject to a $200 penalty for each form that is not 

filed by the due date. The maximum penalty is 

$2,000. 

Definitions 

Mortgage Credit Certificate. A mortgage credit 

certificate is a certificate issued under a “qualified 

mortgage credit certificate program” by the state or 

political subdivision having the authority to issue 

qualified mortgage bonds to provide financing for 

the acquisition, qualified rehabilitation, or qualified 

home improvement of a taxpayer’s principal 

residence. For more information, see section 25(c)(1).

Qualified mortgage credit certificate program. A 

qualified mortgage credit certificate program is a 

program established for any calendar year by a 

state or political subdivision that is authorized to 

issue qualified mortgage bonds under section 143 

(and for which there has been an appropriate 

allocation of state volume cap for that calendar 

year under section 146) but elected instead to 

issue mortgage credit certificates. (See section 

25(c)(2) for additional requirements.) 

Aggregate amount. The aggregate amount (the 

certified indebtedness times the certificate credit 

rate for each MCC, totaled for all mortgage credit 

certificates issued under a single MCC program), 

may not exceed 25% of the nonissued bond 

amount for which the election not to issue bonds 

was made. See section 25(d)(2). 

Certified indebtedness amount. The certified 

indebtedness amount is the amount of indebtedness 

specified in the MCC and incurred by a taxpayer: 

a. To acquire his or her principal residence, 

b. To make qualified home improvements on that 

residence, or 

c. To make a qualified rehabilitation of that 

residence. 

Certificate credit rate. The certificate credit rate is 

the rate specified by the issuer on the MCC. 

However, the rate cannot be less than 10% nor 

more than 50%. For other limitations, see 

Temporary Regulations section 1.25-2T(b). 

Specific Instructions 

Part I. Reporting Authority 

Provide information about the mortgage lender. 

Part II. Issuing Authority 

Provide information about the mortgage credit 

certificate issuer. 

Election date. Enter the date the issuing authority 

elected to issue MCCs in lieu of qualified mortgage 

bonds for the MCC program that included the 

amounts listed in Part IV, column (e). 

Nonissued bond amount. Enter the total amount of 

qualified mortgage bonds (as defined in section 

143(a)(1) and the related regulations) that the issuer 

has authority to issue but elected instead on the 

election date to convert into authority to issue 

MCCs. 

Part III. Recipients of Mortgage 

Credit Certificates 

Column (a). Enter the name(s) of the MCC holder(s) 

to whom the lender made certified indebtedness 

loan(s) during the calendar year. If an MCC lists 

more than one holder, enter all of the holders on 

one line. 

Column (b). Enter the number and street, city, state, 

and ZIP code of the property for which the MCC 

was issued. Do not use a P.O. box number. 

Column (c). Enter the social security number(s) of 

the holder(s) listed on the MCC. 

Part IV. Computation of the Total 

Amount of Mortgage Credit 

Certificates 

Column (d). Enter the date the issuing authority 

issued the certificate for the amount included in 

column (e). Do not give the date the loan was made 

nor the date when any preliminary approval to issue 

an MCC was given by the issuer. 

If the loan is for a reissued MCC as permitted by 

the regulations, the date of the reissued certificate 

should be given, preceded by the word “Reissued.” 

For example, “Reissued, July 25, 2008.” 

Column (f). Enter the certificate credit rate for each 

MCC. 

Column (g). For each certificate amount listed in 

column (e), multiply by the certificate credit rate 

associated with that certificate shown in column (f). 

Line 6. This is the aggregate amount of MCCs 

issued (Part IV, column (g)) in connection with the 

lender’s loans relating to the issuer’s MCC program 

for the calendar year. The total should reflect all of 

the MCCs described on the lender’s Form 8329, 

including any attachments, for the MCC program for 

the calendar year. 

Additional Entries 

If the lender must report on more than 5 mortgage 

credit certificates, it should report these additional 

certificates on an attached statement formatted like 

Form 8329. 

Instead of formatting its own statement, the lender 

may use one Form 8329 as a transmittal document 

and use additional Forms 8329 as statements. In 

such a case, draw an “X” across the 5 lines of Parts 

III and IV of the Form 8329 used as a transmitting 

document. Complete the remainder of this Form 

8329, making certain that all mortgage credit 

certificate amounts reported in all the statements in 

Part IV, column (g) are totaled for line 6 of the 

transmittal document. Sign only the transmittal Form 

8329 and indicate in the top margin the number of 

Forms 8329 attached to this Form 8329. 

On the attached Forms 8329, show the lender’s 

name and employer identification number in Part I 

and enter mortgage credit certificate information on 

the 5 lines of Parts III and IV. 

Signature 

Form 8329 must be signed by an authorized 

representative of the lender. 

Paid Preparer Use Only

Anyone who prepares the return but does not 

charge the organization should not sign the return. 

Certain others who prepare the return should not 

sign. For example, a regular, full-time employee of 

the lender, such as a clerk, secretary, etc., should 

not sign.

Generally, anyone who is paid to prepare a return 

must sign it and fill in the other blanks in the Paid 

Preparer Use Only area of the return. A paid preparer 

cannot use a social security number in the paid Paid 

Preparer Use Only box. The paid preparer must use 

a preparer tax identification number (PTIN). If the 

paid preparer is self-employed, the preparer should 

enter his or her address in the box. The paid 

preparer must:

• Sign the return in the space provided for the 

preparer’s signature,

• Enter the preparer information, and

• Give a copy of the return to the lender.

Paperwork Reduction Act Notice. We ask for the 

information on this form to carry out the Internal 

Revenue laws of the United States. You are required 

to give us the information. We need it to ensure that 

you are complying with these laws. 

You are not required to provide the information 

requested on a form that is subject to the 

Paperwork Reduction Act unless the form displays a 

valid OMB control number. Books or records 

relating to a form or its instructions must be retained 

as long as their contents may become material in 

the administration of any Internal Revenue law. 

Generally, tax returns and return information are 

confidential, as required by section 6103. 

The time needed to complete and file this form 

will vary depending on individual circumstances. The 

estimated average time is: 

Recordkeeping . . . . . . 3 hr., 35 min. 

Learning about the 

law or the form . . . . . . 1 hr., 5 min.

Preparing and sending 

the form to the IRS . . . . . 1 hr., 12 min. 

If you have comments concerning the accuracy of 

these time estimates or suggestions for making this 

form simpler, we would be happy to hear from you. 

You can write to the Internal Revenue Service, Tax 

Products Coordinating Committee, 

SE:W:CAR:MP:T:M:S, 1111 Constitution Ave. NW, 

IR-6526, Washington, DC 20224. Do not send the 

form to this address. Instead, see Where To File on 

this page.