Revision to Form 7218 Instructions Part II, Line 2; to state that credits from pass-through entities are reported on a separate Form 7218

In the December 2024 Instructions for Form 7218, the text for Part II, line 2 is being revised. The updated instructions clarify that credits from pass-through entities must be reported on a separate Form 7218. They also specify the entry to make on Part I, line 2a of the separate Form 7218.

The December 2025 revision of the Instructions for Form 7218 will contain this updated text. The updated text to appear before the list in Part II, line 2 is provided below:

“On a separate Form 7218, enter “Credits from Pass-Through Entities” on line 2a of Part I and report your total distributive share from:”