Form Fit-20 - Indiana Financial Institution Tax Return - 2004 Page 5

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Indiana Department of Revenue
Schedule FIT-NRTC
Nonresident Tax Credit
State Form 44625
(8-04)
(See instructions on page 10)
Name of Corporation
Federal Identification Number
B
A
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 ...............................................................................................
1
2. Enter the total receipts attributable to nonresident .....................................................................
2
3
.
3. Divide line 1 by line 2. Express as a percentage (i.e. .5086 = 50.86%) ..........................................
%
4
4. Enter the amount of tax attributable to nonresident (from a pro forma schedule) .......................
5
5. 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
6
listed in Part I ..............................................................................................................................
7. Enter the lesser of the amounts from lines 5 and 6.
Enter this amount on line 28 of Form FIT-20 ...............................................................................
7
15

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