Form It-40 - Indiana Full-Year Resident Individual Income Tax Booklet - 2013 Page 18
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60Qualified restaurant improvement property add-back
Qualified transportation fringe expenses add-back
This add-back is no longer required. Therefore, do not add back any
This add-back is no longer required. Therefore, do not add back any
depreciation expense related to qualified restaurant property.
qualified transportation fringe expense deducted for federal tax pur-
poses.
Important. Current-year legislation removed this from being a re-
Important. Current-year legislation removed this from being a re-
quired add back beginning with the 2012 tax year if a qualifying asset
was placed in service in 2012. Therefore, if you reported this add-back
quired add back beginning with the 2012 tax year. Therefore, if you re-
on your 2012 state tax return, you may be eligible for a refund or a
ported this add-back on your 2012 state tax return, you may be eligible
reduction of any tax otherwise owed. See Option 1 and Option 2 on
for a refund or a reduction of any tax otherwise owed. See Option 1
page 14 to find which option works best for you.
and Option 2 on page 14 to find which option works best for you.
•
If you choose Option 1, file an amended 2012 state tax return,
•
If you choose Option 1, file an amended 2012 state tax return,
deducting the amount previously added back.
deducting the amount previously added back.
If you choose Option 2, do not file an amended 2012 state tax
If you choose Option 2, do not file an amended 2012 state tax
•
•
return. Instead, enter code 300 on the 2013 Schedule 1 (under
return. Instead, enter code 305 on the 2013 Schedule 1 (under
line 7) and enter the amount that was originally added back in the
line 7) and enter the amount that was originally added back in the
prior year as a negative amount.
prior year as a negative amount.
Example. Carter added back a qualified restaurant property deprecia-
Example. Emma added back a qualified transportation fringe expense
tion expense on his 2012 state return. Instead of opting to amend his
on her 2012 state return. Instead of opting to amend her 2012 state
2012 state return (Option 1), Carter has chosen Option 2, which is to
return (Option 1), Emma has chosen Option 2, which is to report it on
report it on his 2013 state return on Schedule 1. He will list it under
her 2013 state return on Schedule 1. She will list it under line 7 using
line 7 using the unique 3-digit code number 300, and will report it as a
the unique 3-digit code number 305, and will report it as a negative
negative amount.
amount.
See Certain discontinued add-backs: How and when to report a differ-
See Certain discontinued add-backs: How and when to report a differ-
ence on page 14 for more information.
ence on page 14 for more information.
Qualified retail improvement property add-back
RIC dividends to nonresident aliens add-back
133
This add-back is no longer required. Therefore, do not add back any
This add-back is no longer required. See Certain discontinued add-
depreciation expense related to qualified retail improvement property.
backs: How and when to report a difference on page 14 for an example
of how to figure a final catch-up amount (enter code 133 on Schedule
Important. Current-year legislation removed this from being a re-
1 under line 7 if reporting a catch-up amount).
quired add back beginning with the 2012 tax year for a qualifying asset
placed in service during 2012. Therefore, if you reported this add-back
Start-up expenditures add-back
131
on your 2012 state tax return, you may be eligible for a refund or a
This add-back is no longer required. See Certain discontinued add-
reduction of any tax otherwise owed. See Option 1 and Option 2 on
backs: How and when to report a difference on page 14 for an example
page 14 to find which option works best for you.
of how to figure a final catch-up amount (enter code 131 on Schedule
1 under line 7 if reporting a catch-up amount).
•
If you choose Option 1, file an amended 2012 state tax return,
deducting the amount previously added back.
Tuition and fees add-back
•
If you choose Option 2, do not file an amended 2012 state tax
This add-back is no longer required. Therefore, do not add back any
return. Instead, enter code 301 on the 2013 Schedule 1 (under
tuition and fees that were deducted on your federal tax return.
line 7) and enter the amount that was originally added back in the
prior year as a negative amount.
Important. Current-year legislation removed this from being a re-
quired add back beginning with the 2012 tax year. Therefore, if you re-
Example. Leah added back a qualified retail improvement property
ported this add-back on your 2012 state tax return, you may be eligible
depreciation expense on her 2012 state return. Instead of opting to
for a refund or a reduction of any tax otherwise owed. See Option 1
amend her 2012 state return (Option 1), Leah has chosen Option 2,
and Option 2 on page 14 to find which option works best for you.
which is to report it on her 2013 state return on Schedule 1. She will
list it under line 7 using the unique 3-digit code number 301, and will
If you choose Option 1, file an amended 2012 state tax return,
•
report it as a negative amount.
deducting the amount originally reported as a tuition and fees
add-back.
See Certain discontinued add-backs: How and when to report a differ-
If you choose Option 2, do not file an amended 2012 state tax
•
ence on page 14 for more information.
return. Instead, enter code 303 on the 2013 Schedule 1 (under line
7) and enter the amount that was originally added back on your
2012 state tax return as a negative amount.
Page 18
IT-40 Booklet 2013
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