Schedule IN-OCC

This article is a complete guide to understanding and properly completing the Indiana Schedule IN-OCC form, which is used to claim and report other certified credits on Indiana state tax returns.

Schedule IN-OCC, also known as the Indiana “Other Certified Credits” schedule, is a form issued by the Indiana Department of Revenue. It is used by taxpayers to report and claim specific nonrefundable tax credits on their Indiana state tax return. These credits include various economic development incentives, housing-related credits, and investment credits offered by the state to encourage business and individual activities that align with Indiana’s development goals.

The form is divided into two parts:

  • Part A: Used to report and claim certified credits that you are entitled to for the current tax year.
  • Part B: Used to report carryforward credits — credits from previous years or unused credits from the current tax year that can be applied in future years.

Examples of credits that can be claimed using Schedule IN-OCC include the Affordable and Workforce Housing Credit, Hoosier Business Investment Credit, Film and Media Production Credit, Historic Rehabilitation Credit, and many others. The form is essential for ensuring that taxpayers claim their eligible credits accurately and in compliance with Indiana tax laws.

How To File Schedule IN-OCC?

Filing Schedule IN-OCC involves attaching the form to your Indiana income tax return (e.g., Forms IT-40, IT-40PNR, IT-20, IT-65, etc.) and reporting the credits you are claiming. Follow these steps to file the form:

  1. Determine Eligibility: Ensure that you qualify for one or more of the credits listed on the form. Refer to the certification or approval documentation issued by the Indiana Department of Revenue or other authorizing entities.
  2. Complete Part A: Use this section to report any credits that are newly available for the current tax year.
  3. Complete Part B: If applicable, use this section to report any unused credits from prior years or credits that cannot be fully utilized in the current year.
  4. Attach Supporting Documentation: Include any necessary certification letters, IN K-1s, or other supporting documents.
  5. Submit With Your Tax Return: Attach Schedule IN-OCC to your corresponding Indiana tax return and submit it by the filing deadline.
How To Complete Schedule IN-OCC Line-By-Line Instructions

How To Complete Schedule IN-OCC: Line-By-Line Instructions

Part A: Reporting Newly Available Credits

  1. Name and Identification Numbers:
    • Enter the name of the entity or individual claiming the credit.
    • Provide either the Social Security Number (SSN) (for individuals) or the Federal Employer Identification Number (FEIN) (for entities).
  2. Columns A through G:
    • For each credit you are claiming, fill in the following details:
    • Column A: If the credit originates from an S corporation, partnership, or trust (reported on IN K-1), enter the FEIN of the entity. Otherwise, leave this column blank.
      • Example: If the entity’s FEIN is 12-3456789, enter it without dashes as 123456789.
    • Column B: Enter the tax year for which the credit is certified (e.g., 2025). This information is found in the certification letter or IN K-1.
    • Column C: Enter the certification or project number, which may include a combination of a certification number and PIN. Combine them without spaces or dashes.
      • Example: Certification number 123456 with PIN 1234 should be entered as 1234561234.
    • Column D: Enter the 3- or 4-digit tax credit code associated with the credit. Refer to the list of credit codes on the form.
      • Example: The code for the Hoosier Business Investment Credit is 820.
    • Column E: Enter the amount of credit available for the tax year (e.g., the total credit you are entitled to claim).
    • Column F: Enter the amount of credit being claimed for the current year. This cannot exceed the amount in Column E.
    • Column G: Subtract Column F from Column E and enter the result. This is the carryforward amount (if applicable).
  3. Line 8:
    • Add the amounts in Column F from lines 1 through 7 and enter the total.
    • Transfer this total to the appropriate line on your tax return (e.g., Schedule 6 for individuals or Form IT-20 for corporations).
  4. Additional Copies:
    • If you need more than 7 lines to report credits, attach additional copies of Schedule IN-OCC but only calculate the total (Line 8) on the first page.

Part B: Reporting Carryforward Credits

  1. Name and Identification Numbers:
    • Similar to Part A, enter the name of the entity or individual and the SSN or FEIN.
  2. Columns A through G:
    • Follow the same instructions as Part A, but here you report credits carried over from previous years or credits first available in the current year that remain unused.
  3. Special Notes:
    • For research expense credits claimed by individuals, use specific codes (e.g., 111 or 222 for sole proprietorships or trusts).
    • Ensure all carryforward credits are listed separately by source and year.
  4. Limitation:
    • Credits are limited to offsetting Indiana adjusted gross income tax. If a credit exceeds your tax liability, only the amount equal to the tax liability can be claimed, and the unused portion can be carried forward.

Key Tips for Completing Schedule IN-OCC

  • Use the Correct Credit Codes: Ensure you use the appropriate 3-digit or 4-digit tax credit code as listed in the form instructions.
  • Attach Required Documentation: Certification letters, IN K-1s, or other supporting documents must be included to validate your claim.
  • Keep Records: Maintain copies of all approval paperwork in case the Indiana Department of Revenue requests them later.
  • Check for Special Instructions: Corporate filers (e.g., IT-20S or IT-65) must follow additional guidelines, such as reporting credits for composite returns and prioritizing 4-digit codes.
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