Instructions For Form Fit-20 - Indiana Financial Institution Tax Return

Instructions For Form Fit-20 - Indiana Financial Institution Tax Return - 2011 Page 23

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 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 ................................................................................... 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 qualified

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

*24100000000*

24100000000

Instructions For Form Fit-20 - Indiana Financial Institution Tax Return - 2011 Page 23