The Schedule IN-EDGE-R is a specific tax document issued by the Indiana Department of Revenue designated for taxpayers who are eligible to claim the Economic Development for a Growing Economy Retention (EDGE-R) Credit. This schedule serves as a mandatory attachment for individuals, corporations, or nonprofit organizations that have received certification for this particular credit, which is designed to support economic retention initiatives within the state. The primary purpose of the form is to validate and calculate the total credit amount a taxpayer is entitled to for a specific tax year, based on agreements with the Indiana Economic Development Corporation (IEDC). It functions as a reconciliation tool where beneficiaries must list specific project details—including certification years and project numbers—to ensure that the credit claimed matches the state’s records. Without this completed schedule enclosed with the annual return, the Department of Revenue will disallow the credit, making this form a critical component of tax compliance for participating entities.
How To File This Schedule
To properly file the Schedule IN-EDGE-R, you must physically or digitally enclose the completed schedule with your primary Indiana tax return. It cannot be filed as a standalone document; it must accompany the specific tax form you are submitting for the year, such as Form IT-40, IT-40PNR, IT-20, IT-20NP, IT-20S, IT-65, FIT-20, or IT-41. If you are filing a paper return and have more credits than can fit on the standard 18 lines provided on a single page, you are required to attach additional copies of the schedule to accommodate all entries. However, you should only calculate the grand total on the very first schedule you attach. Failure to include this schedule with your tax return will result in the automatic denial of the EDGE-R credit you are attempting to claim.
How To Complete The Schedule IN-EDGE-R
Header Information
- Name of Entity or Individual: At the very top of the form, clearly print the name of the taxpayer—whether it is an individual, a corporation, or a nonprofit organization—exactly as it appears on the primary tax return (such as the IT-20 or IT-40 series).
- Identification Number: In the adjacent field, provide the corresponding Federal Employer Identification Number (FEIN) or Social Security Number (SSN) associated with the name listed above.
Line-by-Line Column Instructions
- Column A (Source FEIN): This section is specifically for individuals who are partners in a partnership or shareholders in an S corporation. If your credit originates from an IN K-1 form, you must enter the Federal Employer Identification Number of that specific S corporation or partnership here. Format this by placing the first two digits in the first box and the remaining seven digits in the second box. If you are not a shareholder or partner receiving this credit via a K-1, leave this column entirely empty.
- Column B (Certification Year): Input the specific four-digit tax year for which your credit was officially certified. You can locate this year on the certification letter sent to you by the IEDC or on your IN K-1 form.
- Column C (Project Number): Enter the unique six-digit project number assigned to your specific credit. This number is also available on your official IEDC certification letter or your IN K-1 document.
- Column D (Project PIN): Provide the Project PIN, which will be a number consisting of either five or eight digits. This PIN is found on your IEDC certification letter or IN K-1. Note that if you are claiming a credit for a tax year preceding 2014, you will not have a PIN and should leave this field blank.
- Column E (Credit Amount): In this final column, clearly state the exact monetary amount of the EDGE-R credit you are claiming for that specific line item.
Totals and Final Calculation
- Lines 1 through 18: Use these rows to list each distinct credit claim separately following the column instructions above.
- Line 19 (Total EDGE-R Credit): Sum the amounts listed in Column E for lines 1 through 18 and write the grand total here. This figure represents your Total EDGE-R Credit. You must then transfer this total amount to the designated line on your main tax return (e.g., Schedule 5 of Form IT-40, Schedule F of Form IT-40PNR, or the appropriate line on corporate forms like the IT-20 or IT-65).