Form 3468 Computation of Investment Credit | 1976

Department of the Treasury

Internal Revenue Service > Attach to your tax return.

Name Identifying number as shown on page 1 of your
tax return

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 1976 taxable year and qualified progress expend-
itures made in 1974 and 1975 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 expenditures for

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

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

Type of Line ® Cost or bosis Al rea iti an i
i r basi icable a
property Life years (See instruction G) percentage | (Goluma'2 © eeluma's)
N (a)_| 3 or more but less than 5 3314
lew
property (b)_| 5 or more but less than 7 6624
(c) 7 or more 100
Qualified progress | 1974 and 1975 | (d) 7 or more 20
expenditures 1976 (e) 7 or more 40
weed |_(f)_|_3 or more but less than 5 3314
prope reo
(See fnstructions for (g)_|_5 or more but less than 7 66%
dollar limitation) (h) 7 or more 100

Qualified investment—add lines 1(a) thru(h) 2. ee
10% of line 2... bo ee

7% (4% for public utility property) of certain property (see Instruction for line »
Electing corporations with qualifying stock ownership plans—Enter 1% of line 2 (see Instruction 1). (Attach

anRwn

election statement)... . - . So ee
Carryback and carryover of unused credit(s). See instruction F—attach computation . . .....~.

a

7 Tentative investment credit—Add lines 3, 4, 5 and 6

Limitation

8 (a) Individuals—Enter amount from line 18, page 1, Form 1040_ . eee ee
(b) Estates and trusts—Enter amount from line 24 or 25, page 1, Form 1041. rr a
(c) Corporations—Enter amount from line 9, Schedule J, page 3, Form 1120 .

9 Less: (a) Credit for the elderly (individuals only)
(b) Foreign tax credit
(c) Tax on lump-sum distributions (see. instruction for ‘line x0)
(d) Possession Tax Credit (corporations only) . . . . - . ee ee ee
10 Total—Add lines 9(a), (b), (c)and(d) - - 6 we ee ee
11 Line 8 less line 10 .
12 (a) Enter amount on line 11 or $25, 000, whichever is lesser. (Married persons S filing separately, controlled

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

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 50, 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 2 a partnershi P,
estate, trust, small business corporation, or lessor, complete the following
statement and identify property qualifying for the 7% or 10% investment credit.

Propel
Name Address Progress

(Partnership, estate, trust, etc.) expenditures New

Used

Life
years

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