M EFO00032 2025

1. Click ‘Get Form’ to open M EFO00032 in the editor.
2. In Part I, enter the name(s) and Social Security Number or EIN at the top of the form. Then, list each asset that ceased to qualify as Idaho Investment Tax Credit property by filling in the Asset Number and Description.
3. Move to Part II. For each asset, provide details such as the date placed in service, first year exemption claimed, and county where it was placed. Ensure you accurately enter exempted values and average property tax levies for both years.
4. In Part III, indicate when the asset ceased to qualify and calculate the recapture percentage based on the number of full years held. Multiply this by the total property tax benefit from Part II.
5. Finally, review all entries for accuracy before saving your completed form. You can easily export or share it directly from our platform.

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