Form It-637 - Alternative Fuels And Electric Vehicle Recharging Property Credit - 2014 Page 2
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1
2IT-637 (2014) (back)
Schedule C – Partner’s, shareholder’s, or beneficiary’s share of credit
(see instructions)
3 Enter your share of the credit from your partnership
.
Partner
(see instructions)
.................
3
00
S corporation
4 Enter your share of the credit from your S corporation
.
shareholder
..............
4
(see instructions)
00
Beneficiary
.
5 Enter your share of the credit from the estate or trust
(see instructions)
...............
5
00
6 Total
.
.....................................................................................
6
(add lines 3, 4, and 5)
00
Fiduciaries: Include the line 6 amount in the Total line of Schedule D, column C.
All others: Transfer the line 6 amount to line 8.
Schedule D – Beneficiary’s and fiduciary’s share of credit and recapture of credit
(see instructions)
A
B
C
D
Beneficiary’s name
Identifying number
Share of credit
Share of recapture
of credit
(same as on Form IT-205, Schedule C)
.
.
Total
00
00
.
.
00
00
.
.
00
00
.
.
Fiduciary
00
00
Schedule E – Computation of credit
.
7 Enter the amount from line 2 ...........................................................
Individuals and partnerships
7
00
Partners, S corporation
shareholders, beneficiaries
8 Enter the total from line 6 ................................................................
.
8
00
9 Enter the amount from Schedule D, Fiduciary line, column C ........
.
Fiduciaries
9
00
10 Enter the carryover credit from last year’s Form IT-637 ................... 10
.
00
11 Total credit
.
(add lines 7 through 10)
.................................................... 11
00
Partnerships: Enter the line 11 amount and code 637 on Form IT-204, line 147.
All others: Complete Schedule G.
Schedule F – Recapture of credit
(see instructions)
A
B
C
D
E
F
G
Tax year
Total
Years in
Recapture years
Recapture
Original credit
Credit recapture
credit
recovery
service prior to
percentage
allowed
(column B - column C)
(column F × column E)
allowed
period
recapture year
(column D ÷ column B)
.
.
00
00
.
.
00
00
.
.
00
00
.
12 Total of column G amounts from additional Form(s) IT-637, if any ..................................................... 12
00
.
13 Recaptured credit
......................................... 13
(add column G amounts, including any amount from line 12)
00
14 Partner in a partnership, shareholder of an S corporation, or beneficiary of an estate or trust,
.
enter your share of the recapture of the credit
...................................................... 14
(see instructions)
00
.
15 Total recaptured credit
................................................... 15
(add lines 13 and 14; see below for instructions)
00
Individuals: Enter the line 15 amount and code 637 on Form IT-201-ATT, line 20, or Form IT-203-ATT, line 19.
Partnerships: Enter the line 15 amount and code 637 on Form IT-204, line 148.
Fiduciaries: Include the line 15 amount on the Total line of Schedule D, column D. Transfer the amount from the Fiduciary line,
column D to Form IT-205, line 12.
Schedule G – Application of credit and computation of carryover
.
16 Tax due before credits
............................................................................................... 16
(see instructions)
00
.
17 Tax credits claimed before this credit
........................................................................ 17
(see instructions)
00
.
18 Subtract line 17 from line 16 ............................................................................................................... 18
00
.
19 Credit used for the current tax year
19
(enter the amount from line 11 or line 18, whichever is less; see instr.)
00
.
20 Amount of credit available for carryover to next year
............................... 20
(subtract line 19 from line 11)
00
637002140094
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