Form Ia 1120f Instructions - 2014 Page 3
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3IA 1120F Schedule A Instructions
IA 1120F Schedule D Instructions
Other additions:
Other Reductions:
Include cash to accrual adjustment for Iowa
Include cash to accrual adjustment for Iowa
franchise tax and for federal tax-exempt
franchise tax and for federal tax exempt
interest and dividends. Please provide cash to
interest and dividends. Please provide cash to
accrual worksheets.
accrual worksheets.
Complete the Expense to Carry Investment
You may also deduct the interest expense to
Subsidiary Worksheet below and include a
purchase or carry obligations, the interest from
copy with your Iowa 1120F.
which is exempt from federal income tax. The
interest expense is disallowed under sections
IA 1120F Expense to Carry Investments
265(b) or 291(e)(1)(B) of the Internal Revenue
Subsidiary Worksheet
Code.
Iowa
Code
section
422.61
disallows
investment subsidiary expense. The Iowa
Deduct
any
contributions
previously
not
addition is applicable to all financial institutions
allowed as an Iowa deduction which was not
with investments in an investment subsidiary.
taken at the federal level.
See Rule 701-59.20 for further details.
Enter any net contributions previously not
1. Total Federal Deductions
allowed as an Iowa deduction which was not
from line 27, federal 1120
taken at the federal level.
return.
$
IA 1120F Schedule C Instructions
2. Investment Assets in
Payments:
investment subsidiary
$
List the exact amount of each payment and the
3. Total Financial Institution
date it was paid. Amended return filers must
Assets
$
record the tax amount previously paid or
4. Ratio. Divide line 2 by line
refunded on the original return on Schedule C
3, carried to on ten
and
reduce
or
increase
net
payments
thousandth of 1%.
(__ __ . __ __ __ __)
accordingly.
5. Iowa Addition. Multiply line
1 by line 4.
$
Enter this number on the IA 1120F Schedule A,
line 3.
Add any contributions deducted in excess of
the federal limitation on a separate company
basis.
Enter any net capital loss included in the
computation of line 1 of the Iowa return on a
separate company basis. Include the Iowa
depreciation adjustment from form IA 4562A.
3
43-008c (07/17/14)
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