Get It 217 Form

Filling out the It 217 Form online can seem challenging, but this guide will simplify the process for you. Designed for those claiming the Farmers’ School Tax Credit, this step-by-step approach will help you navigate each section and ensure your submission is accurate.

Follow the steps to complete the It 217 Form online effectively.

1. Press the ‘Get Form’ button to access the form and open it in your selected editor.
2. Enter your name(s) as shown on your tax return along with your identifying number.
3. In Part 1 – Eligibility, answer questions A through D. Each question requires a Yes or No response. If you answer No to any of these questions, you do not qualify for the credit.
4. If qualified, proceed to Part 2 – Computation of credit. Record the total acres of qualified agricultural property owned in line 1.
5. For partners, shareholders, and beneficiaries, enter the amounts as instructed for lines 2 and 3. Then, add these values to complete line 4.
6. Follow instructions to complete lines 5 through 18, including required calculations based on your entries.
7. If applicable, complete Part 3 with details about partnerships, S corporations, or trusts that owned property with you.
8. In Part 4, provide your share of qualified agricultural property and eligible taxes, filling out the relevant lines.
9. Proceed to Part 5 to document beneficiaries' shares if relevant.
10. Finally, review all entries for accuracy, ensuring all calculations are correct. Save changes, download, print, or share your completed form as necessary.

Start filling out the It 217 Form online today to ensure you claim your Farmers’ School Tax Credit.