Form Ct-1120 Att - Corporation Business Tax Return Attachment Schedules H, I, And J - 2011 Page 3

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Form CT-1120 ATT Instructions
Complete this form in blue or black ink only.
Line 3 - Dividend Balance: Subtract Line 2 from Line 1
Stimulus Depreciation Claimed by Non-Calendar Year
and enter the result on Line 3, Column A. Multiply
Filers of the 2007 Connecticut Corporation Business
Form CT-1120 ATT must be attached to Form
Column A by Column B (100%) and enter the result in
Tax Return.
CT-1120, Corporation Business Tax Return, whenever
Column C. Enter in Column D related expenses. Attach
Schedule H, Schedule I, or Schedule J, is used in the
Lines 1 through 11 - These lines are used to account
a schedule of related expenses and computation.
calculation of the Connecticut corporation business
for any qualifying assets placed in service during the
Subtract Column D from Column C and enter the
tax.
corporation’s income year(s) for which the bonus
result in Column E.
depreciation under IRC §168(k) is claimed on federal
Schedule H – Connecticut Apportioned
Line 4 - Enter in Column A dividends from a Captive
Form 4562.
Operating Loss Carryover
Real Estate Investment Trust (Captive REIT) taxable
Enter in Column A the amount of Modifi ed Accelerated
Lines 1 through 11 - Enter the amount of the
in Connecticut. This deduction will be allowed only
Cost Recovery System (MACRS) depreciation claimed
Connecticut apportioned operating income loss
if the Captive REIT’s name and Federal Employer
by the corporation on its federal Form 4562 with
carryover from the preceding income years indicated
Identifi cation Number (FEIN) are also entered. Multiply
respect to those qualifying assets.
as reported on Form CT-1120 fi led for those years.
Column A by Column B (100%) and enter the result in
Enter in Column B the amount of MACRS depreciation
Net operating losses incurred in income years
Column C. Enter in Column D related expenses. Attach
allowed on those same assets for Connecticut
beginning on or after January 1, 2000, may be carried
a schedule of related expenses and computation.
corporation business tax purposes for the income
forward for 20 successive income years.
Subtract Column D from Column C and enter the
year. Connecticut depreciation is determined under
result in Column E. See Informational Publication
Line 14 - Add Lines 1 through 11 in Column D and
the Internal Revenue Code of 1986 without regard to
2010(21), Corporation Business Tax Application to
Column E and enter the totals. Enter the amount from
IRC §168(k).
Real Estate Investment Trusts (REITs) and Owners
Line 14, Column D on Form CT-1120, Schedule A,
Enter in Column C the difference between the amount
of REITs.
Line 4.
claimed in Column B and the amount claimed in
Line 5 - Enter in Column E total dividend deduction.
Column A.
Schedule I – Dividend Deduction
Add Lines 2, 3, and 4, Column E. Enter the total here
Line 1 - Enter in Column A total dividend income
Line 12 - Add Lines 1 through 11 in Column C. Enter
and on Form CT-1120, Schedule D, Line 11.
included in the computation of federal taxable
the total here and on Form CT-1120, Schedule D,
Schedule J – Bonus Depreciation Recovery
income, except for dividends received from a real
Line 14.
estate investment trust, unless those dividends are:
Complete Schedule J if the corporation claimed the
1) deductible under IRC §243; or 2) received by a
bonus depreciation under IRC §168(k) for qualifying
qualifi ed dividend recipient from a qualifi ed real estate
property, on its federal Form 4562, Depreciation
investment trust.
and Amortization. For purposes of the Connecticut
corporation business tax, the special deduction
Line 2 - Enter in Column A dividends from less than
permitted under IRC §168(k) is not allowed and
20% owned domestic corporations, which would
depreciation must be calculated without regard to
include dividends from money market funds. The
IRC §168(k). Schedule J is used to account for the
deduction is limited to 70% of gross dividends less
subtraction modifi cation that must be made to federal
related expenses. Multiply Column A by Column B
net income (loss). See Special Notice 2002(10),
(70%) and enter the result in Column C. Enter in
Bonus Depreciation for Connecticut Corporation
Column D related expenses. Attach a schedule of
Business Tax Purposes and Announcement 2008(7),
related expenses and computation. Subtract Column
Stimulus Depreciation and Special Instructions for
D from Column C and enter the result in Column E.
Page 3 of 3
Form CT-1120 ATT (Rev. 12/11)

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