4255 Recapture of Investment Credit

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Form

4255

(Rev. December 2023)
Department of the Treasury
Internal Revenue Service
Name(s) as shown on return

Recapture of Investment Credit

OMB No. 1545-0166

Attach to your tax return.
Go to www.irs.gov/Form4255 for instructions and the latest information.

Attachment
Sequence No.

172

Identifying number

Properties Type of property—State whether rehabilitation, energy, qualifying advanced coal project, qualifying gasification project, qualifying

TREASURY/IRS
AND OMB USE
ONLY DRAFT
July 6, 2023
DO NOT FILE

advanced energy project, or advanced manufacturing investment property. (See the Instructions for Form 3468 for the year the
investment credit property was placed in service for definitions.) If rehabilitation property, also show type of building. If energy property,
show type.

A
B
C
D

Part I

Original Investment Credit

These columns relate to the properties A
through D described above . . . . . . .
1 Original rate of credit
. . . . . . . . .
2 Credit base as of the end of the previous tax year
(see instructions) . . . . . . . . . . .

3 Net change in nonqualified nonrecourse financing
during the tax year. If a net decrease, enter as a
negative number . . . . . . . . . . .
4 Credit base as of the end of the current tax year.
Subtract line 3 from line 2 . . . . . . . .
5 Refigured credit (see instructions) . . . . .
6 Credit taken for this property on Form 3800 in
prior years. See instructions . . . . . . .

Part II

Properties

B

C

D

1
2

3
4
5
6

Recapture From Increase in Nonqualified Nonrecourse Financing (see instructions)

7 Credit subject to recapture due to a net increase in
nonqualified nonrecourse financing. Subtract line 5
from line 6. If zero or less, enter -0- . . . . .

8 Unused general business credits that would have
been allowed if original credit had been figured with
current-year credit base (see instructions) . . .
9 Subtract line 8 from line 7. This is the recapture tax
as a result of a net increase in nonqualified
nonrecourse financing . . . . . . . . .

Part III

A

7

8

9

Recapture From Disposition of Property or Cessation of Use as Investment Credit Property

10 Date property was placed in service . . . .
11 Date property ceased to be qualified investment
credit property . . . . . . . . . . . .
12 Number of full years between the date on line 10
and the date on line 11 . . . . . . . . .

10
11
12

13 Unused general business credits that would have
been allowed had there been no credit from this
property (see instructions) . . . . . . . .
13
14 Subtract line 13 from line 6 . . . . . . . .
14
15 Recapture percentage (see instructions) . . .
15
16 Multiply line 14 by the percentage on line 15 . .
16
17 Add property columns A through D, line 9 . . . . . . . . . . . . . . . . . . .
18 Add property columns A through D, line 16 . . . . . . . . . . . . . . . . . .
19 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . .
20 Total increase in tax. Add lines 17 and 18. Enter here and on the appropriate line of your tax return
For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 41488C

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Form 4255 (Rev. 12-2023)