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EFO00012p2
08-19-09
Instructions for Idaho Form 83R
GENERAL INSTRUCTIONS Line 4. Multiply line 2 by line 3 to compute the credit originally
earned for each property listed.
Use Form 83R to compute the increase in tax and reduction to
credit carryover for the recapture of the small employer investment Line 5. Enter the month, day, and year the property ceased to
tax credit (SE-ITC). qualify as SE-ITC property.
If you claimed the SE-ITC in an earlier year and fail to meet the Line 6. Do not enter partial years. If the property was held
tax incentive criteria you certiied to on Idaho Form 89SE, you less than 12 months, enter zero. If you failed to meet the tax
must recapture all the SE-ITC claimed in the earlier years. incentive criteria, enter zero.
You must recompute the credit if you earned it in an earlier year, PART III
but disposed of the property before the end of the ive-year
recapture period. You must also recompute the credit on any Line 7. Enter the appropriate recapture percentage from the
property ceasing to qualify as SE-ITC property. Property moved following table.
from Idaho ceases to qualify as SE-ITC property and is subject to
recapture.
If the number of full years Then the recapture
Recapture may be necessary when: on Form 83R, line 6 is... percentage is...
● An S corporation shareholder's interest is reduced by a sale, 0 100
redemption or other disposition of the shareholder's stock, or 1 80
by the corporation's issuance of more shares.
● A partner's proportionate interest in the general proits of the 2 60
partnership (or in a particular item of property) is reduced. 3 40
● A trust's, estate's or beneiciary's proportionate interest in the 4 20
income of the trust or estate is reduced.
5 or more 0
S corporations, partnerships, estates and trusts that pass through
SE-ITC to the shareholders, partners or beneiciaries must provide
Form ID K-1 reporting the recapture amount and including in Part
E, Supplemental Information, details on the year(s) the credit Line 9. Add all amounts on line 8. If you have used more
being recaptured was originally earned. than one Form 83R or separate sheets to list additional items
on which you computed an increase in tax, write to the left of
Any resulting tax from recapture of credits claimed in prior years the entry space "Tax from attached" and the total tax from the
must be added to the tax otherwise determined in the year of separate sheets. Include the amount in the total for line 9.
recapture. Recapture of credits not claimed in prior years reduces
the amount of credit carryover available to the current year. Line 10. Enter the amount of recapture of SE-ITC that is being
passed to you from S corporations, partnerships, estates and
SPECIFIC INSTRUCTIONS trusts. This amount is reported on Form ID K-1, Part D, line 15.
Attach a copy of Form ID K-1 provided to you.
Instructions are for lines not fully explained on the form.
If recapture is necessary due to a reduction of a shareholder's
PART I proportionate stock interest in an S corporation, reduction in the
interest in the general proits of a partnership, or reduction in the
Lines A through E. Describe the property for which you must proportionate interest in the income of the trust or estate, include
recompute the SE-ITC. Fill in lines 1 through 8 in Parts II and III that recapture on line 10 as well.
for each property on which you are recomputing the credit. Use
a separate column for each item. Use an additional Form 83R, Line 11. Add lines 9 and 10 to determine the amount of credit
or other schedule with the same information as required on Form subject to recapture.
83R, if you have SE-ITC recapture on more than ive items.
Line 12. If you are a partnership, S corporation, trust or estate,
PART II enter the amount of credit recapture that passed through to
partners, shareholders, or beneiciaries. Do not include any
S corporations, partnerships, estates and trusts that have credit recapture on this line for partners, shareholders, or beneiciaries
subject to recapture must complete lines 1 through 9 to determine for whom you are paying the tax.
the amount of credit recapture.
Line 13. If you did not use all the credit you originally computed
Partners, shareholders and beneiciaries will use the information either in the year earned or in a carryover year, you will not have
provided by the partnership, S corporation, trust or estate to report to pay tax from recapture of the amount of the credit you did not
their pass-through share of the credit to be recaptured on line use.
10. If the only recapture you are reporting is from a pass-through
entity, skip lines 1 through 9 and begin on line 10. Compute the unused portion of the original credit on a separate
sheet and enter it on this line. Do not enter more than the tax
Line 1. Enter the month, day, and year that the property was irst from recapture on line 11.
available for service.
Line 15. This is the total increase in tax. Enter it on this line and
Line 2. Enter the cost or other basis of the property used to on Form 44, Part II, line 3. DO NOT use this amount to reduce
compute the original SE-ITC. your current year's SE-ITC from Form 83.
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