Schedule 4255 - Recapture Of Investment Tax Credits Page 2

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Step 4: Figure your total recapture amount
A
B
C
Step 1 recapture
Step 2 recapture
Step 3 recapture
7
7
Write the total basis of all your property (see instructions).
8
8
Write the amount of your original credit (see instructions).
9
9
Write the total disqualified credit amounts from Steps 1, 2, and 3.
10
10
Subtract Line 9 from Line 8. This is your adjusted credit.
11
11
Write your original tax amount (see instructions).
12
Write the lesser of Line 8 or Line 11.
12
This is the amount of credit you previously used.
13
13
Subtract Line 10 from Line 12. If the result is negative, write zero.
14
Write the amount of recapture from any other Schedule 4255
14
filed this year (see instructions).
15
Distributive share of recapture from partnerships and S corporations
15
from Schedule(s) K-1-P.
16
16
Add Lines 13, 14, and 15.
17
Partnerships and S corporations - Write the amount from Line 16
17
that you passed through to your partners or shareholders.
18
18
Total recapture. Subtract Line 17 from Line 16 (see instructions).
Schedule 4255 (R-12/12)
Page 2 of 4

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