Form 42-021b - Iowa Corporation Schedule H1
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4Iowa Department of Revenue
Iowa Corporation Schedule H1
Computation of Federal Tax Refund/Deduction
For Filing Status 2 or 3 only
TAX PERIOD: __________________
Note: You must enclose a copy of pages 1-5 of your consolidated federal return.
If you need more space than provided below, you may copy this schedule.
Company Name
FEIN
Profit (A)
Loss (B)
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SUBTOTAL. Use in computing fed. refund/deduction.
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Consolidating Adjustments and Eliminations
45
TOTAL. Must equal income per federal return.
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Separate company income/loss
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Federal taxable income/loss from line 43
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Federal tax/refund as reported to the IRS
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Percent allowed as an addition/reduction
50%
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FEDERAL REFUND/DEDUCTION. Divide line 46 by line 47 and multiply by line 48 and 50%. Enter on IA 1120.
CORPORATE NAME: __________________________________________________ FEIN: ______________________________
42-021a (08/31/12)
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