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Form 68R
Recapture of Idaho Broadband Equipment
Investment Credit
Names as shown on return Social Security number or EIN

Part I — Identify Property That Ceased to Qualify as Idaho Broadband Equipment Investment Credit Property
Properties Property Description
A

Part II — Original Idaho Broadband Equipment Investment Credit
Properties
A B C D E

1. Date property placed in service .... 1

2. Cost or other basis ....................... 2
3. Credit percentage ...................... 3 3% 3% 3% 3% 3%

4. Original credit. Multiply line 2
by line 3 ...................................... 4

5. Date property ceased to qualify .... 5
6. Number of full years between
the date on line 1 and the
date on line 5 .............................. 6

Part III — Computation of Recapture Tax

7. Recapture percentage from table
in instructions .............................. 7
8. Tentative recapture tax. Multiply
line 4 by line 7 ............................. 8

9. Add line 8, columns A through E ....................................................................................................... 9

10. Pass-through share of credit recapture from S corporations, partnerships, trusts, or estates .......... 10

11. Add lines 9 and 10 ............................................................................................................................ 11

12. Credit recapture distributed to shareholders, partners, or beneficiaries ........................................... 12
13. Enter the portion of original credit not used to offset any tax. Don’t include the amount of
credit transferred. Don’t enter more than line 11. The amount on this line reduces the
carryover available to the current year. Enter on Form 68, line 7 ..................................................... 13

14. Add lines 12 and 13 .......................................................................................................................... 14
15. Recapture of broadband equipment investment credit. Subtract line 14 from line 11.
Enter here and on Form 44, Part II, line 2. Don’t use this amount to reduce the current
year’s broadband equipment investment credit computed on Form 68 ............................................ 15
EFO00039 09-21-2023

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Form 68R — Instructions
Recapture of Idaho Broadband Equipment
Investment Credit
General Instructions than five items, use an additional Form 68R or
Use Form 68R to compute the increase in tax and other schedule with the same information as
reduction to credit carryover for the recapture of required on Form 68R.
broadband equipment investment credit. You must
recompute the credit if you earned it in an earlier year Part II — Original Idaho Broadband Equipment
but disposed of the property before the end of the Investment Credit
five-year recapture period. You must also recompute S corporations, partnerships, trusts, and estates that
the credit on any property ceasing to qualify as have credit subject to recapture must complete lines 1
investment tax credit (ITC) property. Property moved through 9 to determine the amount of credit recapture.
from Idaho within the first five years ceases to qualify Shareholders, partners, and beneficiaries will use the
as ITC property and is subject to recapture. information provided by the S corporation, partnership,
Recapture may be necessary when: trust, or estate to report their pass-through share of the
credit to be recaptured on line 10. If the only recapture
• An S corporation shareholder’s interest is
you’re reporting is from a pass-through entity, skip
reduced by a sale, redemption, or other
lines 1 through 9 and begin on line 10.
disposition of the shareholder’s stock, or when
the corporation issues more shares. Line 1. Enter the month, day, and year that the
• A partner’s proportionate interest in the general property was first available for service.
profits of the partnership (or in a particular item
of property) is reduced. Line 2. Enter the cost or other basis of the property
used to compute the original broadband equipment
• A trust’s, estate’s, or beneficiary’s proportionate
investment credit.
interest in the income of the trust or estate is
reduced. Line 4. Multiply line 2 by line 3 to compute the credit
An entity that passes broadband equipment originally earned for each property listed.
investment credit through to its owners must
Line 5. Enter the month, day, and year the property
provide them with a Form ID K-1. The form must
ceased to qualify as ITC property.
show in Part XII, Supplemental Information, the
recapture amount and include details on the years Line 6. Don’t enter partial years. If the property was
the credit being recaptured was originally earned. held less than 12 months, enter zero.
Any resulting tax from recapture of credits claimed
Part III — Computation of Recapture Tax
in prior years must be added to the tax otherwise
determined in the year of recapture. Recapture Line 7. Enter the appropriate recapture percentage
of credits not claimed in prior years reduces the from the following table.
amount of credit carryover available to the current
If the number of full years Then the recapture
year.
on Form 68R, line 6 is ... percentage is...
Specific Instructions 0 100
1 80
Instructions are for lines not fully explained on the
2 60
form.
3 40
Part I — Identify Property That Ceased to 4 20
Qualify as Idaho Broadband Equipment 5 or more 0
Investment Credit Property
Line 9. Add all amounts on line 8. If you’ve used
Describe the property you must recompute the
more than one Form 68R or separate sheets to list
broadband equipment investment credit for. Fill in
additional items you computed an increase in tax on,
lines 1 through 8 in Parts II and III for each property
write to the left of the entry space “Tax from attached”
you’re recomputing the credit on. Use a separate
and the total tax from the separate sheets. Include the
column for each item. If you have broadband
amount in the total for line 9.
equipment investment credit recapture on more

EIN00082 09-21-2023 Page 1 of 2

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Form 68R — Instructions (continued)

Line 10. Enter the amount of recapture of Line 13. If you didn’t use all the credit you originally
broadband equipment investment credit that’s being computed either in the year earned or in a carryover
passed to you from S corporations, partnerships, year, you won’t have to pay tax from recapture of the
trusts, and estates. This amount is reported on amount of the credit you didn’t use. However, you’ll
Form ID K-1, Part VII, line 46 or Form ID K-1, Part pay tax from recapture of credit transferred.
XI, line 71 (Composite/ABE). Compute the unused portion of the original credit from
If recapture is necessary due to a reduction of Form 68R, line 4, or that was passed through to you
a shareholder’s proportionate stock interest in from an S corporation, partnership, trust, or estate on
an S corporation, reduction in the interest in the a separate sheet, and enter the amount on this line.
general profits of a partnership, or reduction in the Don’t enter more than the tax from recapture on line
proportionate interest in the income of the trust or 11. Don’t include the amount of any credits transferred
estate, include that recapture on line 10 as well. that must be recaptured.

Line 11. Add lines 9 and 10 to determine the Line 15. This is the total increase in tax. Enter it on
amount of credit subject to recapture. this line and on Form 44, Part II, line 2. Don’t use
this amount to reduce your current year’s broadband
Line 12. If you’re an S corporation, partnership, equipment investment credit from Form 68.
trust, or estate, enter the amount of credit recapture
that passed through to shareholders, partners, or If you’re an S corporation or partnership and you’ve
beneficiaries. Don’t include any recapture on this elected to be an ABE, this amount also needs to be
line for shareholders, partners, or beneficiaries distributed to the shareholders or partners on their
you’re paying the tax for. Form ID K-1.

Contact us:
In the Boise area: (208) 334-7660 |Toll free: (800) 972-7660
Hearing impaired (TDD) (800) 377-3529
tax.idaho.gov/contact
EIN00082 09-21-2023 Page 2 of 2

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