Get Form 4255 (rev. August 2000). Recapture Of Investment Credit

Filling out Form 4255 is an essential step for individuals or entities that need to recapture investment credits. This guide will walk you through the specific sections and fields of the form to ensure accurate completion.

Follow the steps to successfully complete Form 4255 online.

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. Begin by providing your name(s) as shown on your income tax return in the designated area of the form.
3. Enter your identifying number in the identifier field.
4. In the properties section, specify the type of property. Indicate whether it is rehabilitation, energy, reforestation, or transition property. Check the instructions associated with Form 3468 for detailed definitions.
5. Complete sections A, B, C, and D under the Original Investment Credit section by providing the original rate of credit, cost or other basis, original credit amount, and important dates related to property usage.
6. In the Recapture Tax section, calculate the recapture percentage based on the full years the property was held and complete the required calculations for the recapture tax.
7. Add all applicable amounts as required on the form and calculate the total increase in tax, entering it on the appropriate line of your tax return.
8. Once you have completed all sections, review the form for accuracy, and save your changes.
9. Finally, you can download, print, or share the completed form as needed for submission.

Start filling out your Form 4255 online to ensure a smooth filing process.