Instructions For 1998 Schedule Dc - Wisconsin Department Of Revenue (Page 7 of 7) in pdf

Instructions For 1998 Schedule Dc - Wisconsin Department Of Revenue Page 7

Line 72. Enter the number of full years from the date the

Line 75. If you used separate schedules to list additional

property was placed in service until the date it ceased to be

items on which you figured an increase in tax, include that

qualified investment credit property. Do not enter partial

amount in the total on line 75.

years. If the property was held less than 12 months, enter

zero.

Line 76. If you did not use all the credit you originally figured,

either in the year you computed it or in a carryforward year,

Line 73. Enter the recapture percentage from the following

you do not have to recapture the amount of the credit you did

table:

not use. In refiguring the credit for the original credit year, be

sure to take into account any carryforwards from previous

years that are now allowed because the recapture and

Recovery Property

recomputation of the original credit made available some

The recapture percentage for:

If number of full years

additional tax liability in that year. Figure the unused portion

on Schedule DC, line

3-year property is:

Other than 3-year

on a separate sheet and enter it on this line. Do not enter

72, is:

property is:

more than the recapture tax on line 75.

100

Reminder: Be sure to adjust your current unused credit to

reflect any unused portion of the original credit that was

recaptured on this form.

Line 77. See the instructions to your franchise or income tax

return for reporting the increase in tax.

Instructions For 1998 Schedule Dc - Wisconsin Department Of Revenue Page 7