What are the key line items for management purposes on IRS Form 8609?

To identify the key line items on IRS Form 8609 for management purposes, it is important to understand what each designated line item represents and its significance in the context of tax credits for affordable housing.

The correct answer, which includes line items 8B and 10C, is appropriate because:

• Line item 8B pertains to the total number of qualified low-income housing units in the building as well as the number of residential rental units. This information is crucial for management as it reflects the building's capacity for fulfilling its obligations under affordable housing programs and is integral to determining the allocation of tax credits.

• Line item 10C focuses on whether the property meets the necessary requirements under the tax credit program, including information about the applicable percentage. This line item is vital for compliance and management reporting, ensuring that the property continues to be eligible for the benefits associated with the Low-Income Housing Tax Credit.

Together, these line items provide essential data that management must track to maintain compliance with IRS regulations and to ensure that they are maximizing the tax credits available for their properties. This focus on qualifying units and compliance assurance supports effective decision-making and adherence to regulatory standards in the affordable housing context.

The other choices do not include the key data necessary for management