Form It-65 - Indiana Partnership Return Booklet - 2013 Page 11
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32Addback for Qualified Retail Improvement Property (3-digit code:
Addback for Motorsports Entertainment Complex (3-digit code:
109; 3-digit code for 2012 adjustment: 301*) – *This is no longer
130; 3-digit code for 2012 adjustment: 307*) – Add back the
required to be added back. If you added this back on your 2012 return,
deduction for a motorsports entertainment complex. If you excluded
you can either file an amended return or make your adjustment on
income because of any motorsports entertainment complex (as
lines 2a-2e of your 2013 return. Enter code 301 along with the amount
provided in Section 168(e)(3)(C)(ii) of the IRC) placed into service
you added back in 2012 (enter this as a negative amount if it was a
in the taxable year, add the amount claimed as a deduction. *This is
positive amount on your 2012 return).
no longer required to be added back. If you added this back on your
2012 return, you can either file an amended return or make your
Addback for Qualified Disaster Assistance Property (3-digit code:
adjustment on lines 2a-2e of your 2013 return. Enter code 307 along
110) – Add back the deduction for qualified disaster assistance
with the amount you added back in 2012 (enter this as a negative
property. Add or subtract an amount equal to the amount claimed as
amount if it was a positive amount on your 2012 return).
a deduction for the special allowance for qualified disaster assistance
property under Section 168(n) of the IRC for federal income tax
Addback for trade or business deductions based on employment
purposes.
of an unauthorized alien (3-digit code: 132) – For taxable years
beginning after June 30, 2011, add back the amount allowed under
Addback for Qualified Refinery Property (3-digit code: 111) – Add
the IRC for wages, reimbursements, or other payments made for
back the deduction for qualified refinery property. Enter an amount
services provided in Indiana by a financial institution if the person
equal to the amount you claimed as a deduction for expense costs for
was prohibited from being hired as an employee because the person
qualified refinery property under Section 179C of the IRC for federal
was an unauthorized alien.
income tax purposes.
Addback of OOS Municipal Obligation Interest (3-digit code:
Addback for Qualified Film or Television Production (3-digit
137) – Interest earned from a direct obligation of a state or political
code: 112) – Add back the deduction for qualified film or television
subdivision other than Indiana (out of state, or OOS) is taxable by
production. Enter an amount equal to the amount you claimed
Indiana if the obligation is acquired after Dec. 31, 2011. Interest
as a deduction for expense costs for qualified film or television
earned from obligations held or acquired before Jan. 1, 2012, is not
production under Section 181 of the IRC for federal income tax
subject to Indiana income tax and should not be reported as an
purposes.
addback. Note: Interest earned from obligations of Puerto Rico,
Guam, Virgin Islands, American Samoa, or Northern Mariana is not
Addback for Qualified Preferred Stock (3-digit code: 113) – Add
included in federal gross income and is exempt under federal law.
back the deduction for qualified preferred stock. Enter an amount
There is no addback for interest earned on these obligations. For
equal to the amount you claimed as a deduction for a loss from the
more information, see Information Bulletin #19 at
sale or exchange of preferred stock. Do this only if that loss was
treated as an ordinary loss under Section 301 of the Emergency
Economic Stabilization Act of 2008 in the current taxable year or in
Line 2f. Enter the total amount of addbacks and deductions from
an earlier taxable year. The stock must be preferred stock in one of
any additional sheets. If you need to claim more than five addbacks
the following:
and/or deductions, attach additional sheets detailing them. Total the
•
The Federal National Mortgage Association, established
amounts from the additional sheets and enter the total here (use a
under the Federal National Mortgage Association Charter
negative sign to denote a negative amount).
Act (12 U.S.C. 1716 et seq.); or
•
The Federal Home Loan Mortgage Corporation, established
Line 3. Add lines 1 through 2f.
under the Federal Home Loan Mortgage Corporation Act
(12 U.S.C. 1451 et seq.)
Apportionment of Income
Addback for Advanced Mine Safety Equipment (3-digit code: 126;
Partnerships deriving income from sources within and outside
3-digit code for 2012 adjustment: 304*) – This is no longer required
Indiana and having non-Indiana-domiciled partners or non-unitary
to be added back. If you added this back on your 2012 return, you
corporate partners must complete line 4.
can either file an amended return or make your adjustment on lines
2a-2e of your 2013 return. Enter code 304 along with the amount you
Line 4. Enter the Indiana apportionment percentage if the
added back in 2012 (enter this as a negative amount if it was a positive
partnership has any multistate business activities. If apportioning
amount on your 2012 return).
income, enter the Indiana percentage (rounded to two decimal
places) from line 9 of Schedule E, Apportionment of Income for
Addback for Qualified Leasehold Improvement Property (3-digit
Indiana. Do not enter 100 percent.
code: 129; 3-digit code for 2012 adjustment: 306*) – Add back
the deduction for qualified leasehold improvement property. If
Before continuing to lines 5 through 16, complete IT-65 Schedule
you excluded income because of qualified leasehold improvement
IN K-1 for each partner.
property (as provided in Section 168(e)(3)(E)(iv) of the IRC)
placed into service in the taxable year, add the amount claimed as a
Summary of Calculations for IT-65
deduction. *This is no longer required to be added back. If you added
Sales/Use Tax Worksheet - IC 6-2.5-3-2 imposes a use tax on the
this back on your 2012 return, you can either file an amended return or
use, storage, or consumption of tangible personal property in Indiana
make your adjustment on lines 2a-2e of your 2013 return. Enter code
that was purchased or rented in a retail transaction, wherever
306 along with the amount you added back in 2012 (enter this as a
negative amount if it was a positive amount on your 2012 return).
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