Form 71r - Recapture Of Idaho Biofuel Infrastructure Investment Tax Credit
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1
2F
71R
RECAPTURE OF IDAHO BIOFUEL
O
R
M
INFRASTRUCTURE INVESTMENT TAX CREDIT
EFO00084
07-23-15
Name(s) as shown on return
Social Security number or EIN
PART I -- IDENTIFY PROPERTY THAT CEASED TO QUALIFY AS IDAHO BIOFUEL INFRASTRUCTURE
INVESTMENT TAX CREDIT PROPERTY
Properties
Property Description
A
B
C
D
E
PART II -- ORIGINAL IDAHO BIOFUEL INFRASTRUCTURE INVESTMENT TAX CREDIT
Properties
D
E
A
B
C
1. Date property placed in
service ........................................
2. Cost or other basis ......................
6%
6%
6%
6%
6%
3. Credit percentage .......................
4. Original credit.
Multiply line 2 by line 3 ................
5. Date property ceased
to qualify .....................................
6. Number of full years
between the date on line 1
and the date on line 5 .................
PART III -- COMPUTATION OF RECAPTURE TAX
7. Recapture percentage
from table in instructions.............
8. Tentative recapture tax.
Multiply line 4 by line 7 ...............
9. Add line 8, columns A through E .........................................................................................................................
10. Pass-through share of credit recapture from S corporations, partnerships, estates, or trusts ............................
11. Add lines 9 and 10...............................................................................................................................................
1 2. Credit recapture distributed to shareholders, partners, or beneficiaries..............................................................
13. Enter the portion of original credit not used to offset any tax. Do not enter more
than line 11. The amount on this line reduces the carryover available to the current year ................................
14. Add lines 12 and 13.............................................................................................................................................
15. Recapture of biofuel infrastructure investment tax credit. Subtract line 14 from line 11. Enter here and on
Form 44, Part II, line 6. Do not use this amount to reduce current year's biofuel infrastructure investment
tax credit computed on Form 71..........................................................................................................................
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