IDAPA 35.01.01.793 — TRANSFER OF CREDIT: TRANSFEREE (RULE 793)

Sections 63-3029I Idaho Code
IDAHO ADMINISTRATIVE CODE
IDAPA 35.01.01
Idaho State Tax Commission
Income Tax Administrative Rules
Section 799
Page 110
01.
Tax Year Credit Available. A transferee may first claim the transferred credit on an income tax
return originally filed during the calendar year in which the transfer takes place. However, if the transferee did not
claim the transferred credit on his original return filed during the calendar year in which the transfer takes place, he
may not amend such return to claim the credit for that tax year.
(4-6-23)
02.
Carryover Period. If a credit is transferred, the transferee is entitled to any remaining carryover
period that would have been allowed to the transferor or intermediary had the credit not been transferred. The Tax
Commission is to verify the carryover period. The carryover period approved applies to the taxable year of the
transferee that begins in the calendar year in which the transferor's taxable year begins.
(4-6-23)
03.
Examples. Available at Income Tax Rules Examples.
(4-6-23)