ITC Code (Forms 3468, 4255, 8910 and Indian Reservation Property)

Codes for Investment Credit (Form 3468)

Rehabilitation Credit. Enter one of the following codes to carry the appropriate information to Form 3468. The basis of the asset is reduced by 100 percent of the credit.

Code	Description
R	Pre-1936 buildings
HS	Certified historic structures
HE	Certified historic structures not under transition rule

Note: For codes "HS" and "HE", enter the NPS number on Investment Credit section.

Energy Credit. The basis of the asset will be reduced by 50 percent of the credit. Enter one of the following codes to carry the appropriate information to Form 3468:

Code	Description
P	Geothermal equipment
H	Solar energy equipment (01/01/06 - 12/31/19)
S	Solar energy equipment (01/01/20 - 12/31/20)
F	Fuel cell property (10/04/08 - 12/31/19)
FC	Fuel cell property (01/01/20 - 12/31/20)
M	Microturbine property
HM	Combined heat and power - Megawatts
HH	Combined heat and power - Horsepower
SW	Small wind energy (01/01/09 - 12/31/19)
SE	Small wind energy (01/01/20 - 12/31/20)
W	Wind facility property - Construction began in 2017
W2	Wind facility property - Construction began in 2018
W3	Wind facility property - Construction began in 2019
W4	Wind facility property - Construction began in 2020
WE	Waste energy recovery property (01/01/20 - 12/31/22)
HP	Geothermal heat pump

Note: If the investment property is financed by subsidized energy financing or industrial development bonds, these properties must be entered on the applicable > Form 3468 - Investment Credit section and no entry made here.

Qualifying Advanced Coal Project Credit

Enter one of the following codes to carry the appropriate information to Form 3468. The basis of the asset will be reduced by 100% of the credit.

Code	Description
CI	Advanced coal - Property described in section 48A(d)(3)(B)(i)
CO	Advanced coal - Property described in section 48A(d)(3)(B)(ii)
CX	Advanced coal - Property described in section 48A(d)(3)(B)(iii)

Qualifying Gasification Project Credit

Enter a "G" or "GP" to carry the appropriate information to Form 3468. The basis of the asset will be reduced by 100% of the credit.

Regular Investment Credit. Enter an "N" for qualifying transition property to carry the appropriate information to Form 3468. The basis of the asset is reduced by 100 percent of the credit.

Codes for Alternative Motor Vehicle Credit (Form 8910)

Enter the appropriate code to carry the vehicle description and date in service to Form 8910, Alternative Motor Vehicle Credit.

Enter a code of "A" to carry the description of the vehicle to the Form 8910, line 1 and the date placed in service to line 2.

Enter a code of "A5" to also subject the credit to the 50% limitation. A percentage of 50% carries to Form 8910, line 4 instead of 100% if code "A5" is entered.

Also enter on the Depreciation and Amortization > Listed Property and Percent Excluded section the percent excluded if the vehicle was used less than 100% in a trade or business and the maximum credit allowable amount based on the manufacturer's certification.

Codes for Recapture of Investment Credit (Form 4255)

When an asset is sold that originally qualified for Investment Credit, enter one of the above codes to carry the appropriate information to Form 4255.

Notes:

Due to the at-risk limitation, the basis for computing depreciation and investment credit may differ. Should the at-risk limitation apply, the investment credit must be entered on the Form 4255 - Recapture of Investment Credit worksheet and no entry made in this field.
When computing investment credit recapture, the dollar limitation of $125,000 cannot be determined. If the original investment credit was limited, enter the cost subject to recapture on the Form 4255 - Recapture of Investment Credit worksheet. Do not make an entry in this field.

Code for Indian Reservation Property (Pre-2021 Assets Only)

Enter a code of "I" to indicate that the property qualifies for the accelerated recovery periods allowed. This is a mandatory entry to use the accelerated recovery periods. Enter the regular MACRS life and method.

Code for Enhanced Oil Recovery Credit (Form 8830)

Enter code "O" to compute the Enhanced Oil Recovery Credit for depletion property. The computed credit carries to Form 8830. Code "O" is for pre-2006 assets only.

Code for Qualified Electric Vehicle Credit (Form 8834)

Enter code "EV" if the Qualified Electric Vehicle Credit was claimed for this asset. This entry is for assets placed in service prior to 2007.

Code for Qualified Empowerment Zone Property

Enter code "EZ" to invoke the specialized Qualified Empowerment Zone Property regulations concerning the handling of Section 179, including the increased expense amounts and the corresponding cost of qualifying property to be included in the "Total cost of Section 179 property placed in service during the tax year" on the Form 4562.