Form Fit-20 - Financial Institution Tax Booklet - 2013 Page 25
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30Department of Revenue
Schedule FIT-NRTC
Indiana Financial Institution
State Form 44625
(R12/8-13)
Nonresident Tax Credit
(See instructions on page 20)
Name of Corporation
Federal Identification Number
Part I: Identification Section
Column A
Column B
Column C
Name of Borrower
Principal Amount of Loan
Receipts Attributed to Loan
$
$
Totals
Part II: Calculation Section
1. Enter the total receipts from Part I ...................................................................................
1
2. Enter the total receipts attributable to nonresident ..........................................................
2
%
3. Divide line 1 by line 2. Express as a percentage (i.e., .5086 = 50.86%) ..........................
3
.
4. Enter the amount of tax attributable to nonresident (from a pro forma schedule) ............
4
5. Multiply the percentage from line 3 by the amount on line 4 ............................................
5
6. Enter the amount of taxes paid to your state of commercial domicile for the qualified
loans listed in Part I ..........................................................................................................
6
7. Enter the lesser of the amounts from lines 5 and 6. Enter this amount on line 28
of Form FIT-20 .................................................................................................................
7
*24100000000*
24100000000
23
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