Schedule 1299-D - Income Tax Credits (For Corporations And Fiduciaries)

Step 5: Figure your credit available to be carried forward

To figure each credit amount, STOP at the first applicable line for each credit.

Two-year credit carryforward that is available for one more tax year.

• If Line 55 is positive or zero, write zero here. You do not have any credit from this year to carry.

• If Line 53 is negative, write the amount from Line 54 here.

• If Line 55 is negative, write that amount as a positive number here.

_______________

Five-year credit carryforward that is available for one more tax year

• If Line 57 is positive or zero, write zero here. You do not have any credit from this year to carry.

• If Line 55 is negative, write the amount from Line 56 here.

• If Line 57 is negative, write that amount as a positive number here.

_______________

Two-year credit carryforward that is available for the next two tax years.

• If Line 65 is positive or zero, write zero here. You do not have any credit from this year to carry.

• If Line 63 is negative, write the amount from Line 64 here.

• If Line 65 is negative, write that amount as a positive number here.

_______________

Five-year credit carryforward that is available for the next two tax years.

• If Line 59 is positive or zero, write zero here. You do not have any credit from this year to carry.

• If Line 57 is negative, write the amount from Line 58 here.

• If Line 59 is negative, write that amount as a positive number here.

_______________

Five-year credit carryforward that is available for the next three tax years.

• If Line 61 is positive or zero, write zero here. You do not have any credit from this year to carry.

• If Line 59 is negative, write the amount from Line 60 here.

• If Line 61 is negative, write that amount as a positive number here.

_______________

Five-year credit carryforward that is available for the next four tax years.

• If Line 63 is positive or zero, write zero here. You do not have any credit from this year to carry.

• If Line 61 is negative, write the amount from Line 62 here.

• If Line 63 is negative, write that amount as a positive number here.

_______________

Five-year credit carryforward that is available for the next five tax years.

• If Line 67 is positive or zero, write zero here. You do not have any credit from this year to carry.

• If Line 65 is negative, write the amount from Line 66 here.

• If Line 67 is negative, write that amount as a positive number here.

_______________

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Schedule 1299-D (R-12/04)

Schedule 1299-D - Income Tax Credits (For Corporations And Fiduciaries) - 2004 Page 4