Domestic Production Activities

[Ray]

Was looking over the 2005 1040 draft and saw a form 8903 Domestic Production Activities. Can't find the instructions for this on the IRS site, does anybody know what this is all about?

[Chief]

IRS Form 8903

Ray, use Google, type in IRS Form 8903. You will then be able to pull up the form. Probably you can also pull up instructions for this form.

[Unregistered]

Domestic

check this web site out http://www.grantthornton.com/downloa...-01_109432.pdf

[Ray]

Domestic Production Activities

Thanks for the site. It is certainly more clear now. Doesn't look like something that will be used except for a few very specific taxpayers.

[Bees Knees]

Thanks for the site. It is certainly more clear now. Doesn't look like something that will be used except for a few very specific taxpayers.

Actually, you might see it more than you think. I have two different clients that are home construction contractors. The houses they build to sell qualify for this. The houses they remodel or do for other contractors do not qualify for this. So both of these clients are going to have to have extensive bookkeeping adjustments before I can even begin to fill out their return.