Print Worksheet for IRS 4255 Recapture of Investment Credit (tffam1414m000)
Use this session to provide Federal Tax book data in IRS Form 4255 format for investment tax credit recapture on asset disposals.
Note: The report is a worksheet designed to help tax preparers
ensure that tax data is being used properly.
Field Information
- Tax Year
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Specify the tax year.
- Federal Tax Book
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Select a Federal Tax Book.
- Tax ID
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Enter a Tax ID.
- Recapture Tax for Property Ceasing to be at Risk
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You can fill in an amount from which on recapture tax for property ceasing to be at risk is printed.
- Carry Back or Forward Credits not yet Applied
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The portion of original credit not used to offset tax in any year, plus any carryback and carryforward of credits you can now apply to the original credit year because you have freed up tax liability in the amount of the tax recaptured.
- Home Currency
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From the Tools menu, choose Rotate Currency to switch home currencies.