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Form IT-252 is used to claim the Investment Tax Credit (ITC) and Employment Incentive Credit (EIC) for property in the financial services industry. This form is necessary for individuals, beneficiaries, fiduciaries, partners, or shareholders of entities that are claiming a carryover or have made early dispositions of qualified property.

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What is it-252?

It-252 refers to a specific tax form used by individuals or entities to report certain financial information to the relevant tax authority.

Who is required to file it-252?

Individuals or entities that meet specific criteria as defined by the tax authority are required to file it-252, typically those involved in particular financial transactions or activities.

How to fill out it-252?

To fill out it-252, the filer must provide personal or entity information, report financial transactions, and ensure that all required fields are completed accurately as per the instructions provided by the tax authority.

What is the purpose of it-252?

The purpose of it-252 is to provide the tax authority with necessary information regarding specific financial activities, ensuring compliance with tax laws.

What information must be reported on it-252?

Information that must be reported on it-252 includes identification details of the filer, financial transaction details, amounts involved, and any other information required by the tax authority.

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