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Department of the Treasury
Internal Revenue Service

Computation of Investment Credit
b> Attach to your tax return.

1977

Name
tax return

Identifying number as shown on page 1 of your

1 Use schedule below to list qualified investment in new and used property acquired or constructed and placed in service during
the taxable year; and also list qualified progress expenditures made during the 1977 taxable year and qualified progress expend-
itures made in 1974, 1975, and 1976 taxable years providing a proper election as prescribed in section 46(d)(6) was made for
such prior years. If progress expenditure property is placed in service during the taxable year, do not list qualified progress ex-

penditures for this property. See instruction for line 1.
If 100% investment credit is being claimed on certain ships, check this block. p> [[] See Instruction K for details.

Note: Include your share of investment in property made by a partnership, estate, trust, small business corporation, or lessor.

MELA Line ° ba Appleebt Qualif ‘investment
i i al ualifi m
pabiey Lite years CREME, | eaters | ualtng trstiners,
New (a)_|_3 or more but less than 5 33Y4
property (b)_|_5 or more but less than 7 66%5
(c) 7 or more 100
Qualified 1974, 1975 and 1976
progress an (d) 7 or more 20
expenditures 197 (e) 7 or more 60
reeetty (f)_|_3 or more but less than 5 3344
prope
(See instructions for (g)_|_5 or more but less than 7 66%
dollar limitation) (h) 7 or more 100
2 Qualified investment—add lines 1(a) through (h). 2 1 1 ee
10% of line 2... ....- sone Fo ee

3

4 7% (4% for public utility property) of certain property (see | instruction for line y.

5 Corporations electing the additional investment credit for contributions to Employee Stock Ownership
Plans—Attach election statement. (See Instruction | and instruction for line 5. ,
(a) Additional 1% credit—Enter 1% of line2 . . . . sone . .

(b) Additional credit not to exceed .5%—Enter allowable percentage times adjusted line 2 (attach
schedule). . . . ee

6 Carryback and carryover of unused 4 credit(s). See Instruction n F—attach computation .
7 Tentative investment credit—Add lines 3 through 6 .

Limitation
8 (a) Individuals—Enter amount from line 37, page 2, Form 1040 .
(b) Estates and trusts—Enter amount from line 26 or 27, page 1, Form 1041. | |
(c) Corporations—Enter amount from line 9, Schedule J, page 3, Form 1120. . .

9 (a) Credit for the elderly (individuals only) Se

(b) Foreign tax credit... toe

(c) Tax on lump-sum distributions 5 (see instruction for line 9(¢))..

(d) Possession Tax Credit (corporations only). . . . . - 1 es

(e) Section 72(m)(5) penalty tax. 6. ee
10 Total—Add lines 9(a) through (e). 2 2.
11 Line 8 less line 10... . . :
12 (a) Enter amount on line 11 or $25, 000, whichever is lesser. (Married persons fling ‘separately, ¢ con-

trolled corporate groups, estates, and trusts, see instruction for line12.). . . . « .
(b) If line 11 exceeds line 12(a), enter 50% of the excess. (Public utilities, railroads, and airlines, see

Instruction J.) . ee
13 Total—Add lines 12(a) and (b)

14 Investment credit—Amount from line 7 or line 13, whichever is lesser. Enter here and on line 41, Form
1040; line 10(b), Schedule J, page 3, Form 1120; or the appropriate line on other returns .

Schedule A

If any part of your investment in line 1 or 4 above was made by a partnership,
estate, trust, small business corporation, or lessor, complete the following

statement and identify property qualifying for the 7% or 10% investment credit.

Name Property

Address Progress

(Partnership, estate, trust, etc.) expenditures

New

Life

Used years

If property is disposed of prior to the life years used in computing the investment credit, see Instruction E.

Form 3468 1977)