Screen IDCredit - Idaho Credits and Recapture (1065)

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Credits

Eligible contributions to Idaho educational entities
The amount of credit reported on Form 65, Page 2 is the portion of the credit allocated to the partners included on the partnership return. The total is limited to the lowest of the following: one-half of the qualifying partner’s share of the amount entered; 20 percent of the tax on Form 65, Page 2, line 41; or $500.
Eligible contributions to Idaho youth and rehabilitation facilities
The amount of credit on Form 65, Page 2 is the portion of the credit allocated to the partners included on the partnership return. The total is limited to the lowest of the following: one-half of the qualifying partner’s share of the amount entered; 20 percent of the tax on Form 65, Page 2, line 41; $100; or the tax on line 41 less the amounts on lines 42 and Form 44, Part 1, line 1.

Investment Tax Credit

Qualified investments acquired during the year
Property entered in detailed asset data entry and marked as qualified investment property in Other, then Credit Information automatically transfers to the statement boxes. If the assets aren't entered in detailed asset data entry, enter the qualified investment property directly in this statement.

Recapture of Investment Tax Credit

Property that ceased to qualify as Idaho investment tax credit property
Disposed property entered in detailed asset data entry and marked as qualified investment property in Other, then Credit Information automatically transfers to the statement boxes. If the assets aren't  entered in detailed asset data entry, use the statement to enter property that ceased to qualify as Idaho investment tax credit property.

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