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Form 84R
Recapture of Idaho Small Employer
Real Property Improvement Tax Credit
Names as shown on return Social Security number or EIN

Identify Property That No Longer Qualifies as Idaho Small Employer
Part I —
Real Property Improvement Tax Credit Property
Properties Property Description
A

Part II — Original Idaho Small Employer Real Property Improvement Tax Credit
Properties
A B C D E
1. Date property placed in
service ........................................ 1

2. Cost or other basis ..................... 2
3. Credit percentage ....................... 3 2.5% 2.5% 2.5% 2.5% 2.5%

4. Original credit. Multiply line 2
by line 3 ...................................... 4
5. Date property ceased
to qualify ..................................... 5
6. Number of full years between
the date on line 1 and the
date on line 5 .............................. 6

Part III — Computation of Recapture Tax

7. Recapture percentage from
table in instructions .................... 7
8. Tentative recapture tax.
Multiply line 4 by line 7 .............. 8

9. Add line 8, columns A through E ........................................................................................................ 9

10. Pass-through share of credit recapture from S corporations, partnerships, trusts, or estates .......... 10

11. Add lines 9 and 10 ............................................................................................................................. 11

12. Credit recapture distributed to shareholders, partners, or beneficiaries ............................................ 12
13. Enter the portion of original credit not used to offset any tax. Don’t enter more than line 11.
The amount on this line reduces the carryover available to the current year .................................... 13

14. Add lines 12 and 13 .......................................................................................................................... 14
15. Recapture of small employer real property improvement tax credit. Subtract line 14 from line 11.
Enter here and on Form 44, Part II, line 4. Don’t use this amount to reduce the current year’s
small employer real property improvement tax credit computed on Form 84 ................................... 15
EFO00015 01-31-2023

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Form 84R — Instructions
Recapture of Idaho Small Employer
Real Property Improvement Tax Credit
General Instructions and III for each property on which you’re recomputing
Use Form 84R to compute the increase in tax and the credit. Use a separate column for each item. Use
reduction to credit carryover for the recapture of the an additional Form 84R or other schedule with the
small employer real property improvement tax credit same information as required on Form 84R if you
(SE-RPITC). have SE-RPITC recapture on more than five items.
If you claimed the SE-RPITC in an earlier year and Part II — Original Idaho Small Employer Real
don’t meet the tax incentive criteria you certified to Property Improvement Tax Credit
on Idaho Form 89SE, you must recapture all the S corporations, partnerships, trusts, and estates that
SE-RPITC claimed in the earlier years. have credit subject to recapture must complete lines 1
Recompute the credit if you earned it in an earlier through 9 to determine the amount of credit recapture.
year but disposed of the property before the end Shareholders, partners, and beneficiaries will use the
of the five-year recapture period. Also, recompute information provided by the S corporation, partnership,
the credit on any property that no longer qualifies trust, or estate to report their pass-through share of the
as SE-RPITC property. Property moved from Idaho credit to be recaptured on line 10. If the only recapture
within the first five years no longer qualifies as you’re reporting is from a pass-through entity, skip
SE-RPITC property and is subject to recapture. lines 1 through 9 and begin on line 10.
Recapture may be necessary when:
Line 1. Enter the month, day, and year that the
• An S corporation shareholder’s interest property was first available for service.
is reduced by a sale, redemption or other
disposition of the shareholder’s stock or by the Line 2. Enter the cost or other basis of the property
corporation’s issuance of more shares. used to compute the original SE-RPITC.
• A partner’s proportionate interest in the general
Line 4. Multiply line 2 by line 3 to compute the credit
profits of the partnership (or in a particular item
originally earned for each property listed.
of property) is reduced.
• A trust’s, estate’s or beneficiary’s proportionate Line 5. Enter the month, day, and year the property
interest in the income of the trust or estate is ceased to qualify as SE-RPITC property.
reduced.
Line 6. Don’t enter partial years. If the property was
S corporations, partnerships, trusts, and estates held less than 12 months, enter zero. If you didn’t
that pass through SE-RPITC to the shareholders, meet the tax incentive criteria, enter zero.
partners, or beneficiaries must provide Form ID K-1
reporting the recapture amount and including in Part III — Computation of Recapture Tax
Part XI, Supplemental Information, details on the
Line 7. Enter the appropriate recapture percentage
years the credit being recaptured was originally
from the following table.
earned.
Any resulting tax from recapture of credits claimed If the number of full years Then the recapture
in prior years must be added to the tax otherwise on Form 84R, line 6 is ... percentage is...
determined in the year of recapture. Recapture 0 100
of credits not claimed in prior years reduces the 1 80
amount of credit carryover available to the current 2 60
year. 3 40
4 20
Specific Instructions 5 or more 0
Instructions are for lines not fully explained on the form. Line 9. Add all amounts on line 8. If you’ve used

Part I — Identify Property That No Longer more than one Form 84R or separate sheets to list
Qualifies as Idaho Small Employer Real additional items you computed an increase in tax on,
Property Improvement Tax Credit Property write to the left of the entry space “Tax from attached”
Describe the property for which you must recompute and the total tax from the separate sheets. Include the
the SE-RPITC. Fill in lines 1 through 8 in Parts II amount in the total for line 9.
EIN00091 01-31-2023 Page 1 of 2

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Form 84R — Instructions (continued)

Line 10. Enter the amount of recapture of SE-RPITC Line 13. If you didn’t use all of the credit you originally
that’s being passed to you from S corporations, computed either in the year earned or in a carryover
partnerships, trusts, and estates. This amount is year, you won’t have to pay tax from recapture of the
reported on Form ID K-1, Part VII, line 53 or Form ID amount of the credit you didn’t use.
K-1, Part XI, line 77 (ABE). Compute the unused portion of the original credit
Include on line 10 any recapture that’s necessary from Form 84R, line 4 or that was passed through to
because of: you from an S corporation, partnership, or trust on
• A reduction of a shareholder’s proportionate a separate sheet and enter the amount on this line.
stock interest in an S corporation Don’t enter more than the tax from recapture on line
11.
• A reduction in the interest in the general profits
of a partnership, or Line 15. This is the total increase in tax. Enter it on
• A reduction in the proportionate interest in the this line and on Form 44, Part II, line 4. Don’t use this
income of a trust or estate amount to reduce your current year’s SE-RPITC from
Form 84.
Line 11. Add lines 9 and 10 to determine the
amount of credit subject to recapture.

Line 12. If you’re an S corporation, partnership,
trust, or estate, enter the amount of credit recapture
that passed through to shareholders, partners, or
beneficiaries. Don’t include any recapture on this
line for shareholders, partners, or beneficiaries
you’re paying the tax for.

Contact us:
In the Boise area: (208) 334-7660 Toll|free: (800) 972-7660
Hearing impaired (TDD) (800) 377-3529
tax.idaho.gov/contact
EIN00091 01-31-2023 Page 2 of 2

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