Screen 4255 - Investment Credit Recapture (1120)

Recapture Information

The last column in the statement applies to S Corporations only. If this column is checked, the tax for the respective property will be paid by the S Corporation. The application completes Form 4255 and transfers the amount of tax calculated to Form 1120-S, Page 1.
If the last column is blank, the investment credit recapture information for the asset will be reported on the shareholder's Schedule K-1 statements and detailed in the shareholder's Form 4255 Recapture of Investment Credit Report.
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