IN – Schedule IN OCC – Part A | 1040.com®

Article: 50398

Use the IN – Schedule IN-OCC – Part A screen to enter Indiana certified credits that have been awarded under specific economic development programs and require certification, project tracking, and/or carryforward calculations. These entries are direct-entry and do not flow from federal data.

Each row corresponds to one credit entry. Up to seven total credits can be entered on this screen.

How to Add This Screen

1. Click on the State Taxes section on the left-hand side of the screen.
2. Click the link I’d like to see the forms I’ve filled out or search for a form.
3. Use the drop list to select Indiana.
4. Under the Credits tab, select IN – Schedule IN-OCC – Part A.
5. Complete the screen.
6. Click Save.

IN – Schedule IN-OCC – Part A

Use this screen to enter Indiana certified credits that have been awarded under specific economic development programs and require certification, project tracking, and/or carryforward calculations. These entries are direct-entry and do not flow from federal data.
Each row corresponds to one credit entry. Up to seven total credits can be entered on this screen. 

Entry Fields (Per Credit Entry)

• Column A – IT-20S/IT-65 Federal ID number if credit is from IN K-1 – Enter the FEIN if the credit was passed through from a K-1 (e.g., partnership or S corporation). Leave blank if not applicable.
• Column B – Certification Year – The year the credit was certified by the Indiana Economic Development Corporation.
• Column C – Certification/Project Number – Enter the number listed on the certification documentation.
• Column D – Tax Credit Code – Select the appropriate credit from the drop-down list (see below).
• Column E – Amount Available – Enter the full amount of credit available to the taxpayer.
• Column F – Amount Claimed – Enter the amount of credit being claimed on this year’s return. 

Available Tax Credit Codes

The following direct-entry credits are available in the drop-down:

• 818 – Headquarters Relocation Credit
• 820 – Hoosier Business Investment Credit
• 835 – Venture Capital Investment Credit
• 849 – School Scholarship Credit
• 858 – Natural Gas Commercial Vehicle Credit
• 860 – Hoosier Business Investment Credit – Logistics
• 863 – Redevelopment Tax Credit
• 865 – Economic Development for a Growing Economy NR Employee
• 869 – Film and Media Production Credit
• 867 – Foster Care Donation Credit
• 868 – Venture Capital Investment – IN Invest Fund
• 875 – Attainable Homeownership Credit
• 878 – Health Reimbursement Arrangement Credit
• 879 – Historic Rehabilitation Credit
• 880 – Physician Practice Ownership Credit
• 1835–1879 – Repeats of the above for newer claim years

Refer to the Indiana IT-40 Booklet or state certification documents for specific eligibility and documentation requirements.

Further Information

For more information about Indiana’s certified and economic development tax credits, visit the Indiana Department of Revenue’s individual tax page: https://www.in.gov/dor/i-am-a/individual/