Schedule Ds-R - Distilled Spirits Tax Credit Recapture

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SCHEDULE DS-R
*1500030225*
Taxable Year Ending
41A720DS-R (10-15)
__ __ / __ __
Commonwealth of Kentucky
Mo.
Yr.
DEPARTMENT OF REVENUE
DISTILLED SPIRITS
➤ See instructions.
T
C
R
AX
REDIT
ECAPTURE
KRS 141.389
➤ Attach to Form 720, 720S, 725, 740, 740-NP , 741, 765 or 765-GP .
Name of Entity
Federal Identification
Kentucky Corporation/LLET
Number
Account Number (if applicable)
__ __ __ __ __ __
__ __ __ __ __ __ __ __ __
Location Address of Capital Improvements
Taxed as:
Corporation
Limited Liability Pass-through Entity
General Partnership
Individual
Other
Section A—Description of Property Sold or Disposed of Before the End of the Recapture Period
Item
Description of Capital Improvements
A
B
C
D
E
Section B—Computation of Tax Credit Recapture
1. Taxable year end date the tax credit was claimed...........................................................................................
1
/
/
2. Date the capital improvement was sold or disposed of .................................................................................
2
/
/
3. Total amount of tax credit associated with the dates referenced above ........................................................
3
00
4. Cost of capital improvement sold or disposed of ............................................................................................
4
00
5. Total cost of all capital improvements associated with the credit reported on line 3 ...................................
5
00
.
%
6. Divide line 4 by the amount on line 5 (see instructions) .................................................................................
6
7. Multiply line 3 by line 6 and enter here .............................................................................................................
7
00
8. Enter the amount of credit claimed against LLET for the taxable year referenced on line 1 ........................
8
00
9. Enter the amount of credit claimed against income tax for the taxable year referenced on line 1 .............
9
00
10. LLET credit recapture: If the amount on line 8 is greater than line 7, enter the difference ........................... 10
00
11. Income tax credit recapture: If the amount on line 9 is greater than line 7, enter the difference .................
11
00

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