Form It-611 - Claim For Brownfield Redevelopment Tax Credit - 2011 Page 4
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4Page 4 of 4 IT-611 (2011)
Schedule E — Computation of credit
Individuals
26 Enter the amount from line 25 ................................................ 26.
27a Enter the amount from Schedule D, Fiduciary line , column C .. 27a.
Fiduciaries
27b Enter the amount from Schedule D, Fiduciary line , column D .. 27b.
27c Enter the amount from Schedule D, Fiduciary line, column E .. 27c.
28 Total brownfield redevelopment tax credit
.............................. 28.
( add lines 26 through 27c; see instructions )
Schedule F — Recapture of credit
(see instructions)
Tangible property that ceases to be in qualified use
A
B
C
D
E
F
G
H
Description of property
Date property Date property
Life
Unused
Percentage
Tangible property
Recaptured tangible
was placed in ceased to qualify
life
credit component
property credit
( months )
( E ÷ D )
service
previously allowed
component
( mm-dd-yyyy )
( months )
( mm-dd-yyyy )
( F × G )
29 Total of column H amounts from attached list(s), if any ............................................................. 29.
30 Total recapture of credit for tangible property credit component
................................................................ 30.
( add column H amounts; include any amount on line 29 )
Recapture if CoC is revoked
31 Net tangible property credit component previously allowed ..................................................... 31.
32 Site preparation credit component previously allowed .............................................................. 32.
33 On-site groundwater remediation credit component previously allowed .................................. 33.
34 Total recapture of brownfield redevelopment tax credit
........................ 34.
( add lines 30 through 33 )
Individuals and partnerships — Enter the line 34 amount on line 35.
Fiduciaries — Include the line 34 amount on the Total line of Schedule D, column F.
Schedule G — Summary of recapture of credit
(see instructions)
35 Individual’s and partnership’s recapture of credit
................................................... 35.
( from line 34 )
36 Beneficiary’s share of recapture of credit .................................................................................... 36.
37 Partner’s share of recapture of credit .......................................................................................... 37.
38 S corporation shareholder’s share of recapture of credit ............................................................ 38.
39 Fiduciaries: enter your share of amount from Schedule D, Fiduciary line, column F .................. 39.
40 Total
........................................................................................................ 40.
( add lines 35 through 39 )
Individuals — Enter the line 40 amount and code 171 on Form IT-201-ATT, line 20, or Form IT-203-ATT, line 19.
Fiduciaries — Include the line 40 amount on Form IT-205, line 12.
Partnerships — Enter the line 40 amount and code 171 on Form IT-204, line 148.
1714110094
Please file this original scannable credit form with the Tax Department.
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