Form Fit-20 - Indiana Financial Instructions Tax Return - Indiana Department Of Revenue Page 5

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Department of Revenue
Schedule FIT-NRTC
Indiana Financial Institution
State Form 44625
(R10/8-11)
Nonresident Tax Credit
(See instructions on page 18)
Name of Corporation
Federal Identifi cation Number
Part I: Identifi cation 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 ...................................................................................
1
2. Enter the total receipts attributable to nonresident ..........................................................
2
%
3. Divide line 1 by line 2. Express as a percentage (i.e., .5086 = 50.86%) ..........................
3
.
4. Enter the amount of tax attributable to nonresident (from a pro forma schedule) ............
4
5. Multiply the percentage from line 3 by the amount on line 4 ............................................
5
6. Enter the amount of taxes paid to your state of commercial domicile for the qualifi ed
loans listed in Part I ..........................................................................................................
6
7. Enter the lesser of the amounts from lines 5 and 6. Enter this amount on line 28
of Form FIT-20 .................................................................................................................
7
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24100000000

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