Fillable Form 8904

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Get your Form 8904 in 3 easy steps

  • 01 Fill and edit template
  • 02 Sign it online
  • 03 Export or print immediately

What is an 8904 Form?

Form 8904 is a small, simple document that is used for obtaining gas and oil production credit from qualified marginal/domestic wells and is part of General Business Credit. To fill it out, you need information from Schedule K-1. The completed document should be attached to your tax return.

What do I need Form 8904 for?

  • If you are a representative of S Corporations or one of the Partnerships, you can apply for a credit for oil and gas production using this free form.
  • This blank should be filled if the average daily volume of oil produced does not exceed 25 barrels.
  • If you, as the owner of a well, received credits only from S Corporations or Partnerships, then instead of this document, you should fill out Form 3800.

How to fill out Form 8904?

Since this file is a one-page document, there should be no problems filling it out online.

  • Open fillable Form 8904, indicate in the first line the volume of gas produced in cubic meters, and in the second, enter the credit amount ($2.17 for gas and $0.51 for oil).
  • Multiply the first number by the second and get the amount to be put on the third line. Leave the next three sections unchanged.
  • On the seventh line, write the total credit from S Corporations or Partnerships in accordance with Forms 1065 and 1120S.
  • The last item reflects the sum of the numbers from lines 3 and 7 and represents the current year's credit amount.
  • Be sure also to include your name and ID number at the very top of the PDF page.
  • You can download Form 8904, send it by email or fax, print, or save it to your personal account.

Organizations that work with Form 8904

  • IRS
Fillable online Form 8904
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