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Attach Form CT-IRF, Insurance Reinvestment Fund

Column D: Enter the amount applied to your 2014

Column D: Enter the amount from your 2014 Form

Tax Credit, to Form CT-1040, Form CT-1040NR/PY,

income tax liability. Enter the lesser of Line 4, Column C,

CT-8801, Part II, Line 30, or the amount from Schedule

Form CT-1040X, or Form CT-1041 if a paper return

or Line 3, Column A.

CT-IT Credit, Line 9, Column A, whichever is less.

is ﬁ led.

Column E: Subtract Column D from the total of

Line 6 - Angel investor tax credit

Credit for Prior Year Connecticut Minimum

Column B and Column C.

Column B: Enter the amount from your 2013 Schedule

Tax

CT-IT Credit, Line 6, Column E.

Part II Tax Credit Reported by

A credit for a prior year alternative minimum tax

Column C: Enter the amount earned during 2014.

Pass-Through Entity on Schedule

may be allowed if you do not have a current year

This is the amount on the credit certiﬁ cation from

CT K-1 or by a Trust or Estate on

alternative minimum tax liability. Attach Form CT-8801,

Connecticut Innovations Inc., Schedule CT K-1,

Credit for Prior Year Connecticut Minimum Tax for

Schedule CT-1041 K-1

Schedule CT-1041 K-1, or Worksheet B - Worksheet

Individuals, Trusts, or Estates, to Form CT-1040, Form

for Schedule CT-IT Credit.

Individual, trust, or estate

CT-1040NR/PY, Form CT-1040X, or Form CT-1041 if

Column D: Enter the amount applied to your 2014

An individual, trust, or estate who is a member of a

a paper return is ﬁ led.

income tax liability. Enter the lesser of the total of Line 6,

pass-through entity or a beneﬁ ciary of a trust or estate

These forms can be downloaded from the DRS

Column B and Column C, or Line 5, Column A.

must complete Part II of this schedule.

website at

Column E: Subtract Column D from the total of

For each credit reported to the individual, trust, or

Column B and Column C.

Part I Line Instructions

estate on Schedule CT K-1 or Schedule CT-1041

K-1, enter in Column A the type of tax credit reported.

Line 8 - Insurance reinvestment fund tax credit

Line 1 - Income tax liability

Enter in Columns B and C respectively, the name

You must complete Form CT-IRF before completing

Column A: Enter the 2014 income tax liability from

and federal employer identiﬁ cation number (FEIN)

Schedule CT-IT Credit, Line 8. Attach Form CT-IRF

Form CT-1040, Line 12; Form CT-1040NR/PY, Line 14;

of the pass-through entity as it appears on Schedule

to your return if a paper return is ﬁ led.

Form CT-1040X, Line 16; or Form CT-1041, Line 7.

CT K-1 or the name and FEIN of the trust or estate as

Column B: Enter the amount from your 2013 Schedule

Line 2 - Qualiﬁ ed small business job creation

it appears on Schedule CT-1041 K-1. Enter the amount

CT-IT Credit, Line 8, Column E.

tax credit

of each tax credit in Column D. Attach additional

Column C: Enter the amount from your 2014 Form

schedules as needed.

You must complete Form CT-1120 SBJ before

CT-IRF, Part I, Line 6.

completing Schedule CT-IT Credit, Line 2.

Column D: Enter the amount applied to your 2014

Column C: Enter the amount earned during 2014.

income tax liability. Enter the lesser of the total of Line 8,

This is the amount calculated on Form CT-1120

Column B and Column C, or Line 7, Column A.

SBJ, Schedule CT K-1, Schedule CT-1041 K-1, or

Worksheet B - Worksheet for Schedule CT-IT Credit.

Column E: Enter the amount from your 2014 Form

CT-IRF, Part II, Line 8.

Column D: Enter the amount applied to your 2014

income tax liability. Enter the lesser of Line 2, Column C,

Line 10 - Credit for prior year alternative

or Line 1, Column A.

minimum tax

Line 4 - Job expansion tax credit

You must complete Form CT-8801 before completing

Schedule CT-IT, Line 10. Attach Form CT-8801 to your

You must complete Form CT-1120 JET before

return if a paper return is ﬁ led.

completing Schedule CT-IT Credit, Line 4.

Column B: Enter the amount from your 2013 Schedule

Column C: Enter the amount earned during 2014.

CT-IT Credit, Line 10, Column E.

This is the amount calculated on Form CT-1120

JET, Schedule CT K-1, Schedule CT-1041 K-1, or

Column C: Enter the amount from your 2014 Form

Worksheet B - Worksheet for Schedule CT-IT Credit.

CT-8801, Part II, Line 24.

Schedule CT-IT Credit (Rev. 12/14)

Page 3 of 3

Schedule Ct-It Credit - Income Tax Credit Summary - Connecticut Department Of Revenue - 2014 Page 3

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