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

         B

         C

         D

         E

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     09-22-2023

                     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 XII, 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.
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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 48 or Form ID         amount of the credit you didn’t use.
K-1, Part XI, line 73 (Composite/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.                        If you’re an S corporation or partnership and you’ve 
                                                              elected to be an ABE, this amount also needs to be 
Line 12. If you’re an S corporation, partnership,             distributed to the shareholders or partners on their 
trust, or estate, enter the amount of credit recapture        Form ID K-1.
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
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