Get Sc Form Tc 43

This guide provides clear, step-by-step instructions for filling out the Sc Form Tc 43 online. Designed for users with varying levels of experience, the information is presented in an accessible manner to simplify the process of claiming tax credits for residential retrofit expenses.

Follow the steps to successfully complete your Sc Form Tc 43.

1. Click ‘Get Form’ button to acquire the form and open it in your preferred editor.
2. Provide your name as it appears on your tax return in the specified field.
3. Enter your Social Security number in the designated section, as it is required for identification purposes.
4. In Part I, list your qualifying expenses related to the residential retrofit on line 1. Ensure these costs pertain to fortification measures only.
5. Calculate 25% of the expenses listed on line 1 and enter this value on line 2.
6. Multiply the value on line 1 by the percentage on line 2 and record this amount on line 3.
7. Enter the maximum credit limit of $1,000 on line 4.
8. On line 5, indicate the lesser amount between lines 3 and 4. This is your allowable credit from residential retrofit expenses.
9. Proceed to Part II. Enter the purchase price of the tangible personal property included in your qualifying expenses on line 6.
10. Calculate 6% of the purchase price indicated on line 6 and enter this on line 7.
11. Multiply the amount on line 6 by the value on line 7 to derive the maximum credit amount, which should be entered on line 8.
12. Input the actual sales and/or use tax paid on the property in line 9.
13. On line 10, enter the smaller of the amounts found on lines 8 and 9.
14. Enter the sales and use tax credit limit of $1,500 on line 11.
15. On line 12, provide the lesser of the amounts on lines 10 and 11.
16. Finally, add the amounts from lines 5 and 12 and place the total on line 13, which represents your combined credits.
17. After completing the form, save your changes, and you may choose to download, print, or share the document as needed.

Take action today by filling out your Sc Form Tc 43 online to claim your tax credits!