Form Ct-1120 Att - Connecticut Corporation Business Tax Return Attachment Schedules H, I, And J - 2014 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
Lines 1 through 14 - These lines are used to account
and enter the result on Line 3, Column A. Multiply
for any qualifying assets placed in service during the
Form CT-1120 ATT must be attached to Form
Column A by Column B (100%) and enter the result in
corporation’s income year(s) for which the bonus
CT-1120, Corporation Business Tax Return, whenever
Column C. Enter in Column D related expenses. Attach
depreciation under IRC §168(k) is claimed on federal
Schedule H, Schedule I, or Schedule J, is used in the
a schedule of related expenses and computation.
Form 4562.
calculation of the Connecticut corporation business
Subtract Column D from Column C and enter the
Enter in Column A the amount of Modifi ed Accelerated
tax.
result in Column E.
Cost Recovery System (MACRS) depreciation claimed
Schedule H – Connecticut Apportioned
by the corporation on its federal Form 4562 with
Line 4 - Enter in Column A dividends from a Captive
Operating Loss Carryover
respect to those qualifying assets.
Real Estate Investment Trust (Captive REIT) taxable
Lines 1 through 15 - Enter the amount of the
in Connecticut. This deduction will be allowed only
Enter in Column B the amount of MACRS depreciation
Connecticut apportioned operating income loss
if the Captive REIT’s name and Federal Employer
allowed on those same assets for Connecticut
carryover from the preceding income years as
Identifi cation Number (FEIN) are also entered. Multiply
corporation business tax purposes for the income
reported on Form CT-1120 fi led for those years. Net
Column A by Column B (100%) and enter the result in
year. Connecticut depreciation is determined under
operating losses incurred in income years beginning
Column C. Enter in Column D related expenses. Attach
the Internal Revenue Code of 1986 without regard to
on or after January 1, 2000, may be carried forward
a schedule of related expenses and computation.
IRC §168(k).
for 20 successive income years.
Subtract Column D from Column C and enter the
Enter in Column C the difference between the amount
result in Column E. See Informational Publication
Line 16 - Add Lines 1 through 14 in Column D and
claimed in Column B and the amount claimed in
2010(21), Corporation Business Tax Application to
enter the total. Enter the amount from Column D on
Column A.
Real Estate Investment Trusts (REITs) and Owners
Form CT-1120, Schedule A, Line 4.
Line 15 - Add Lines 1 through 14 in Column C. Enter
of REITs.
Line 17 - Add Lines 1 through 15 in Column E and
the total here and on Form CT-1120, Schedule D,
Line 5 - Enter in Column E total dividend deduction.
enter the total on Line 17, Column E.
Line 14.
Add Lines 2, 3, and 4, Column E. Enter the total here
Schedule I – Dividend Deduction
and on Form CT-1120, Schedule D, Line 11.
Line 1 - Enter in Column A total dividend income
Schedule J – Bonus Depreciation Recovery
included in the computation of federal taxable
Complete Schedule J if the corporation claimed
income, except for dividends received from a real
the bonus depreciation under IRC §168(k) for
estate investment trust, unless those dividends are:
qualifying property, on its federal Form 4562,
1) deductible under IRC §243; or 2) received by a
Depreciation and Amortization. For purposes of
qualifi ed dividend recipient from a qualifi ed real estate
the Connecticut corporation business tax, the
investment trust.
special deduction permitted under IRC §168(k) is
Line 2 - Enter in Column A dividends from less than
not allowed and depreciation must be calculated
20% owned domestic corporations, which would
without regard to IRC §168(k). Schedule J is used
include dividends from money market funds. The
to account for the subtraction modification that
deduction is limited to 70% of gross dividends less
must be made to federal net income (loss). See
related expenses. Multiply Column A by Column B
Special Notice 2002(10), Bonus Depreciation for
(70%) and enter the result in Column C. Enter in
Connecticut Corporation Business Tax Purposes
Column D related expenses. Attach a schedule of
and Announcement 2008(7), Stimulus Depreciation
related expenses and computation. Subtract Column
and Special Instructions for Stimulus Depreciation
D from Column C and enter the result in Column E.
Claimed by Non-Calendar Year Filers of the 2007
Connecticut Corporation Business Tax Return.
Page 3 of 3
Form CT-1120 ATT (Rev. 12/14)

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