8329

Lender's Information Return for Mortgage Credit Certificates (MCCs)

Agency
IRS
Revision
Rev. October 2012
Fillable fields
57
Pages
2
Official source
IRS form page
Checked
October 21, 2026
Fill 8329 online
Page 1 of form 8329

Form 8329: Lender's Information Return for Mortgage Credit Certificates (MCCs)

Form 8329 is the information return a mortgage lender files to report mortgage credit certificates (MCCs) to the IRS. The IRS says lenders of certified indebtedness amounts file it to provide information regarding the issuance of MCCs under Internal Revenue Code section 25. The instructions describe an MCC as a certificate issued under a qualified mortgage credit certificate program by a state or political subdivision that has authority to issue qualified mortgage bonds, to help finance a taxpayer's principal residence.

The return covers a calendar year. The instructions say a separate Form 8329 is filed for each issue of MCCs for which the lender made mortgage loans during the year. It names the lender, the issuing authority, each MCC holder and the amount of each MCC issued.

This is a lender's return, not a form the homebuyer files. The current version is Rev. October 2012, and its instructions are printed on page 2 of the PDF. You can fill out Form 8329 free in your browser on this page and download it without an account.

Top of page 1 of Form 8329: Lender's Information Return for Mortgage Credit Certificates (MCCs), as printed by IRS

What's on Form 8329

Part I: Reporting Authority

The lender's name, employer identification number, address and room or suite.

Part II: Issuing Authority

The issuer's name, employer identification number and address, plus the election date and the nonissued bond amount.

Part III: Recipients of MCCs

Five lines with column (a) name(s), column (b) the property address, where a P.O. box is not allowed, and column (c) Social Security number(s).

Part IV: Computation

Five matching lines with column (d) date of issue of the MCC, (e) certified indebtedness amount, (f) certificate credit rate and (g) amount of MCC issued, which is column (e) times column (f).

Line 6: total amount of MCCs issued

The total of column (g) for the lender's loans under the issuer's MCC program for the calendar year, including any attachments.

Signature and paid preparer

The signature of the lender's authorized representative with date and title, and the Paid Preparer Use Only area with PTIN and firm details.

How to fill out Form 8329

  1. 1

    Calendar year and Part I

    Enter the calendar year at the top, then the lender's name, employer identification number and address. The address line allows a P.O. box only if mail is not delivered to the street address.

  2. 2

    Part II

    Enter the issuer's details. The election date is the date the issuing authority elected to issue MCCs in lieu of qualified mortgage bonds. The nonissued bond amount is the bond authority it converted into authority to issue MCCs.

  3. 3

    Part III

    On each line, enter the MCC holder's name, listing all holders on one line if the MCC names more than one, then the property's street address and the holders' Social Security numbers. The instructions say not to use a P.O. box.

  4. 4

    Part IV

    Enter the date the issuer issued the certificate, not the loan date. For a reissued MCC, the instructions show the format "Reissued, July 25, 2008." Enter the certified indebtedness amount and credit rate, then multiply them for column (g).

  5. 5

    Line 6 and more than five MCCs

    Total column (g) on line 6. With more than five MCCs, attach a statement formatted like Form 8329, or use extra Forms 8329 as statements and draw an X across Parts III and IV of the transmittal form.

  6. 6

    Sign

    The lender's authorized representative signs and enters the date and title. A paid preparer signs, enters a PTIN and gives a copy of the return to the lender.

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Where it goes, deadline and penalties

Where to send it

The instructions say to file Form 8329 with the Department of the Treasury, Internal Revenue Service Center, Ogden, UT 84201.

Deadline

The instructions say to file by January 31 following the close of the calendar year in which the lender made certified indebtedness loans. The IRS may grant an extension if there is reasonable cause for not filing on time.

Penalty

The instructions say a person required to file may be subject to a $200 penalty for each form not filed by the due date. The maximum penalty is $2,000.

Credit rate limits

The certificate credit rate is the rate the issuer specifies on the MCC. The instructions say it cannot be less than 10% nor more than 50%.

Aggregate limit

The instructions say the aggregate amount of certificates under a single MCC program may not exceed 25% of the nonissued bond amount, citing section 25(d)(2).

Common mistakes

Entering the loan date or a preliminary approval date in column (d), using a P.O. box in Part III, and leaving the totals from attached statements out of line 6.

Related forms

Who files Form 8329?

  • Lenders on MCC loans

    A person who makes a loan that is a certified indebtedness amount on an MCC files the return. The instructions add that the lender maintains books and records of the activity.

  • One return per MCC issue

    A separate Form 8329 is filed for each issue of MCCs for which the lender made mortgage loans during the calendar year. Each issue matches the MCC program tied to one election date.

  • An authorized representative signs

    The instructions say the form is signed by an authorized representative of the lender, who also enters a title and date.

  • MCC holders are listed, not filers

    Homebuyers who hold an MCC appear in Part III by name, property address and Social Security number. The instructions name the lender as the filer.

  • Issuers use a different form

    The IRS page for Form 8329 points to Form 8330, Issuer's Quarterly Information Return for Mortgage Credit Certificates (MCCs).

The instructions say any person who makes a loan that is a certified indebtedness amount on any MCC must file Form 8329. The completed return goes to the IRS.

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Questions about Form 8329

Who files Form 8329?

The instructions say any person who makes a loan that is a certified indebtedness amount on any mortgage credit certificate files it. It is a lender's return, not a form the MCC holder files.

When is Form 8329 due?

The instructions say by January 31 following the close of the calendar year in which the lender made certified indebtedness loans.

Where is Form 8329 filed?

With the Department of the Treasury, Internal Revenue Service Center, Ogden, UT 84201, according to the instructions.

What if there are more than five MCC recipients?

The instructions say to report the extra certificates on an attached statement formatted like Form 8329, or to use additional Forms 8329 as statements behind one signed transmittal form.

How is the amount of each MCC figured?

Column (g) is the certified indebtedness amount in column (e) multiplied by the certificate credit rate in column (f).

What is the penalty for not filing?

The instructions say $200 for each form not filed by the due date, with a maximum penalty of $2,000.