Maine Capital Investment Credit Worksheet - 2012
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1MAINE CAPITAL INVESTMENT CREDIT
WORKSHEET FOR TAX YEAR 2012
36 M.R.S.A. § 5219-GG
Attach copy of Federal Form 4562.
TAXPAYER NAME: _____________________________________ EIN/SSN: ________________
Note: Owners of pass-through entities (partnerships, LLCs, corporations, trusts, etc.) making an eligible investment, see
instructions. Enter name and ID number of the pass-through entity on the lines below. Also enter your ownership
percentage in the pass-through entity for the tax year.
OWNERSHIP
NAME OF PASS-THROUGH ENTITY
EIN/SSN
PERCENTAGE
_______________________________________________
_______________________
________ %
1.
Depreciation allowance claimed on 2012 federal Form 4562, line 14 plus line 25 ......... 1. _____________________
2.
Amount on line 1 associated with property placed in service in Maine. (also enter
this amount on Form 1040ME, Schedule 1, line 1f or Form 1120ME, line 4e;
Form 1041ME, Schedule 1, line 1f) ................................................................................ 2. _____________________
Note: Do not include on line 2 any amount related to Maine property transferred out-of-state or otherwise removed
from use in Maine during the tax year. Also do not include on line 2 any amount related to property you plan to transfer
out-of-state or remove from use after the tax year within 12 months of placing the property in service in Maine. Other
limitations apply. See instructions.
3.
Current year credit. Multiply line 2 by 10% (.10) ............................................................ 3. _____________________
4.
Enter the amount of unused credit from 2011……………………………... ....................... 4. _____________________
5.
Total available credit (line 3 plus line 4). Enter this amount on Form
1040ME, Schedule A, line 10; Form 1120ME, Schedule C, line 29f or
Form 1041ME, Schedule A, line 5 .................................................................................. 5. _____________________
6.
Recapture of credit claimed on 2011 tax return. Enter on this line the
amount of credit claimed on your 2011 Maine income tax return related to property
removed from service within 12 months of being placed in service in Maine
(see instructions). Attach a schedule showing your calculation for the amount entered
on this line. Also enter this amount on Form 1040ME, Schedule A, line 1; Form 1120ME,
line 7b; or Form 1041ME, Schedule A, line 1 .................................................................................6. _______________________
Unused credit amounts may be carried forward for up to 20 years.
Rev. 8/12
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