Form Ct-1120cr - Combined Corporation Business Tax Return - Connecticut Department Of Revenue - 2014 Page 3
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1
2
3
4
5
6
7Combined
Total
Enter the sum of all affi liate amounts where applicable.
00
Part II
1. Form CT-1120, Schedule D, Line 1 (federal taxable income (loss) before net operating loss and special deductions) ..............
1
00
2. Interest income wholly exempt from federal tax ......................................................................................................................
2
00
3. Unallowable deduction for corporation tax from Form CT-1120, Schedule F, Line 8 .............................................................
3
00
4. Interest expenses paid to a related member from Form CT-1120AB, Part I A, Line 1 ...........................................................
4
A
00
5. Intangible expenses and costs paid to a related member from Form CT-1120AB, Part I B, Line 3 .......................................
5
D
00
6. Federal bonus depreciation: See instructions. ........................................................................................................................
6
D
7. Reserved for future use ..........................................................................................................................................................
7
00
8. IRC §199 domestic production activities deduction from federal Form 1120, Line 25 .............................................................
8
00
9. Other: Attach explanation ........................................................................................................................................................
9
00
10. Total: Add Lines 1 through 9. .................................................................................................................................................
10
11. Dividends (a) Dividends from domestic companies less than 20% owned
00
Limited to 70% deduction___________ (less related expenses)_______________ ........................................
11a
00
(b) Other dividends ____________________ (less related expenses) ________________ .................................
11b
00
(c) Dividends from a captive REIT taxable in Connecticut .......................................................................................
11c
00
(d) Intercorporate dividends from corporations included in this combined return ....................................................
11d
D
00
E
12. Capital loss carryover (if not deducted in computing federal capital gain): Attach schedule. .................................................
12
00
D
13. Capital gain from sale of preserved land ................................................................................................................................
13
U
00
14. Federal bonus depreciation recovery from Form CT-1120 ATT, Schedule J, Line 15 ...........................................................
14
C
00
15. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 1 .............................................................................
15
T
00
16. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 2 .............................................................................
16
00
17. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 3 .............................................................................
17
00
18. Exceptions to add back of intangible expenses paid to a related member from Form CT-1120 AB, Part II B, Line 1 ...........
18
00
19. Deferred cancellation of debt income. See instructions. .........................................................................................................
19
00
20. Other: Attach explanation. .......................................................................................................................................................
20
00
21. Total: Add Lines 11 through 20. ..............................................................................................................................................
21
00
22. Net income (loss): Subtract Line 21 from Line 10. If 100% Connecticut, enter also on Line 24. ........................................
22
23. Apportionment fraction from Form CT-1120, Schedule A, Line 2. See instructions. Carry to six places. ...............................
23
00
24. Connecticut net income: Line 22, or Line 22 multiplied by Line 23. ........................................................................................
24
00
25. Operating loss carryover from separate return year: Cannot exceed amount on Line 24. Attach schedule. ..........................
25
00
26. Net income: Subtract Line 25 from Line 24. ...........................................................................................................................
26
00
27. Operating loss carryover from combined return year from Part V, Line 16, Column D. Cannot exceed amount on Line 26. ..
27
00
28. Income subject to tax: Subtract Line 27 from Line 26. ............................................................................................................
28
00
29. Tax: Multiply Line 28 by 7.5% (.075). Enter on Part IV, Line 2a. ............................................................................................
29
Part III
1. Form CT-1120, Schedule E, Line 6, Column C. If 100% Connecticut, enter also on Line 3. See instructions. ..................
1
2. Apportionment fraction from Form CT-1120, Schedule B, Line 2. See instructions. Carry to six places. ..............................
2
3. Line 1, or Line 1 multiplied by Line 2 ......................................................................................................................................
3
4. Number of months covered by this return ...............................................................................................................................
4
5. Line 3 multiplied by Line 4, divided by 12 ...............................................................................................................................
5
00
6. Combined minimum tax base: Add all amounts on Line 5. .....................................................................................................
6
00
7. Tax: Multiply Line 6 by .0031 (3 1/10 mills per dollar). Enter on Part IV, Line 2b. ..................................................................
7
Form CT-1120CR (Rev. 12/14)
Page 3 of 7
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