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How to enter an amount on corporate Form 4255, Line 12 in Lacerte

SOLVEDby IntuitLacerte TaxUpdated July 14, 2022

To show an amount of the unused credit on Line 12 of Form 4255, follow these steps:

  1. Go to Screen 35.1, Additional Taxes.
  2. Scroll to the Recapture of ITC subsection.
  3. Select the icon to expand the input window and enter an amount in the field Form 4255 [O].

Form 4255 flows to the Form 1120, Page 3 and Schedule K, Line 9a, and then to Form 1120, Page 1, Line 31.

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