Instructions For Form Fit-20 - Indiana Financial Institution Tax Return - 2011 Page 28

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FIT-20 Schedule SUT
Sales/Use Tax Worksheet
State Form 44627
List all purchases made during 2011 from out-of-state companies.
(R9/8-11)
Column A
Column B
Column C
Description of personal property purchased from
Date of Purchase(s)
Purchase Price
out-of-state retailer
Magazine subscriptions:
Mail order purchases:
Internet purchases:
Other purchases:
1. Total purchase price of property subject to the sales/use tax .............................................................
1
2. Sales/use tax: Multiply line 1 by .07 (7%) ...........................................................................................
2
3. Sales tax previously paid on the above items (up to 7% per item) .....................................................
3
4. Total amount due: Subtract line 3 from line 2. Carry to Form FIT-20, line 30. If the amount is negative,
enter zero and put no entry on line 30 of the FIT-20 . ............................................................................
4
28

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