BA-404: Tax Credits Earned, Applied, Expired, and Carried Forward (2024)

Who files this form

The 2024 Schedule BA-404 directs filers to include it with Form CO-411, Form BI-471, or Form BI-476. It covers Vermont tax credits earned, applied, expired, and carried forward.

What you'll need

Have the following information ready:

• Entity name, matching Form CO-411, Form BI-471, or Form BI-476.
• Federal employer identification number (FEIN).
• Fiscal year ending date in YYYYMMDD format.
• For each listed credit, amounts carried forward from prior years, earned in the current year, applied in the current year, and carried forward to future years.

How to file

Include Schedule BA-404 with Form CO-411, Form BI-471, or Form BI-476. The supplied form does not give a mailing address or electronic filing instructions.

Common mistakes

• Do not enter cents. Enter all amounts in whole dollars.
• When completing the form by hand, print in blue or black ink.
• Use the same entity name shown on Form CO-411, Form BI-471, or Form BI-476.
• Remember to include the schedule with the applicable form.

Questions people ask

What goes in columns A through D?

Column A is the amount carried forward from prior years. Column B is the amount earned in the current year. Column C is the amount applied in the current year. Column D is the amount carried forward to future years.

How do I calculate line 11?

Add lines 1 through 10 to get the total for all credits.

Are solar energy and other investment tax credits reported separately?

Yes. Report the Investment Tax Credit for Solar Energy on line 9 and the Investment Tax Credit for Other on line 10.

How should I enter the fiscal year ending date?

Use YYYYMMDD format: four digits for the year, two for the month, and two for the day.

Official sources

• https://tax.vermont.gov/sites/tax/files/documents/BA-404-2024.pdf