Form Nc-478l - Tax Credit Investing In Real Property - 2011
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1
22011 Tax Credit
NC-478L
Investing in Real Property
Web
North Carolina Department of Revenue
11-11
Legal Name (First 10 Characters)
SSN or FEIN
Part 1.
Computation of Credit for Investing in Real Property in 2011
(If you invested in real property in more than
one county, use a separate Form NC-478L for each county. The first installment of this credit may not be taken until 2012.)
1. Tier 1 county where eligible real property was purchased or leased
and placed in service during 2011
,
,
.
Cost of eligible real property purchased or leased and placed
2.
00
in service in N.C. during 2011
(See instructions if property is leased)
,
,
.
3. Cost of eligible real property in N.C. on the last day of 2011
00
(Enter here and in Part 2)
,
,
.
4. Cost of eligible real property in N.C. on the last day of the base year
00
(From Part 2, see instructions)
,
,
.
5. Line 3 minus Line 4
(If Line 5 is zero or less, stop here; you are not eligible for credit)
00
,
,
.
6. Eligible Investment Amount Statewide
(Enter the lesser of Line 2 or Line 5)
00
,
,
.
7. Amount of Line 6 located in this county
00
8. Percentage of real property used in eligible business in 2011
%
,
,
.
9. Eligible Investment Amount in this County
00
Multiply Line 7 by Line 8
,
,
.
10. Credit Amount for Investment in Real Property in this County in 2011
00
Multiply Line 9 by 30%; enter result here and in the Real Property Credit History Table Part 4
,
,
.
11. Amount of each future installment
00
Divide Line 10 by the number 7 (Credit is taken in 7 installments)
Part 2. Real Property in Service in N.C. on Last Day of Tax Year
Tax Year
Amount
Tax Year
Amount
Tax Year
Amount
Tax Year
Amount
2008
2009
2010
2011
File with NC-478
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