Form Fit-20 - Indiana Financial Institution Tax Return - State Of Indiana (Page 5 of 5) in pdf

Form Fit-20 - Indiana Financial Institution Tax Return - State Of Indiana Page 5

Department of Revenue

Schedule FIT-NRTC

Indiana Financial Institution

State Form 446

(R/ 8-06)

Nonresident Tax Credit

(See instructions on page 18)

Name of Corporation

Federal Identification Number

Part I: Identification Section

Column A

Column B

Column C

Name of Borrower

Principal Amount of Loan

Receipts Attributed to Loan

Totals

Part II: Calculation Section

1. Enter the total receipts from Part I ...................................................................................

. Enter the total receipts attributable to nonresident ..........................................................

3. Divide line 1 by line . Express as a percentage (i.e. .086 = 0.86%) ...........................

4. Enter the amount of tax attributable to nonresident (from a pro forma schedule) ............

. Multiply the percentage from line 3 by the amount on line 4 ............................................

6. Enter the amount of taxes paid to your state of commercial domicile for the qualified

loans listed in Part I ..........................................................................................................

7. Enter the lesser of the amounts from lines and 6.

Enter this amount on line 8 of Form FIT-0 ...................................................................

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Form Fit-20 - Indiana Financial Institution Tax Return - State Of Indiana Page 5