Form 4255

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Form 4255

A form that one files with the IRS to calculate an increase in taxes due to the recapture of an investment or a therapeutic grant tax credit. For example, one may have to file Form 4255 if one claimed an investment credit in a previous year, but sold the investment within the first five years.
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References in periodicals archive ?
Depreciation schedules by category, G/L account number, system, or convention; summarized worksheet information for forms 4255, 4562 (multiple forms if there are multiple activities), 4626, 4797, and 6252.