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Screen INAdj - Indiana Adjustments to Income (1040)
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Deductions
note
Several deductions reported on Indiana Schedule 2 or Schedule C require federal data entry only. Use federal screens to enter data for the following deductions for Indiana Schedule 2 or Schedule C:
- U.S. Obligations: Enter interest and dividend income on the federalB&Dscreen, federalK1-2screen, federalK1Tscreen, and federalK1-Stscreen.
- Military Retirement:Visit the federal1099Rscreen and usestate usecode24for amounts that qualify for deduction.
- Civil Service Annuity:Visit the federal1099Rscreen and usestate usecode60or66for amounts that qualify for deduction (Age requirements apply).
- National Guard or Reserve Component Members wages:Visit the federalW2screen, box14and use code27to identify wages qualifying for deduction.
- Private or Home School Deduction:Visit federal1040screen statement forDependent informationand usestate usecode27,32, or34.
Use this section to enter deductions reported on Schedule 2, Schedule C, and the Indiana Taxable Income Worksheet. You can use the force fields in this section to enter amounts that are different from what is calculated.
Renter's deduction - Renter information / Landlord information
Indiana lets a deduction for rent paid on the primary residence. Use this statement to report the information on Schedule 2 or Schedule C.
Property taxes - Amounts paid (Force)
Indiana lets a deduction on Schedule 2 or Schedule C for certain real estate taxes paid on taxpayer's primary residence. Use this statement to report the qualifying amounts on the return.
note
The taxpayer may not claim this deduction if claiming the Lake County property tax credit.
Property taxes - Residential homeowner's address information (Force)
If the principal residence that the taxpayer paid property taxes to is different from the address on the Indiana return, enter that information here. The address that has the most property taxes paid reports on Schedule 2 or Schedule C once you print the return. A required statement with all property information also prints.
Lottery winnings deduction (Force)
A taxpayer can claim a deduction for annuity payments from Hoosier Lottery drawings held prior to 7/1/02. The deduction calculates based on the winnings you enter in Box
1
on the federal W2G
screen when the postal code is IN
, State use
code is 3
, and Date won
is prior to 7/1/02. Use these fields to force a different amount on Schedule 2 or C.Indiana net operating loss deduction - Schedule 2 (Force)
Use this field to force the Indiana net operating loss deduction reported on Schedule 2. This field is available for resident returns only.
note
In certain scenarios where the taxpayer has a current year Indiana net operating loss per Form IT-40 and positive Indiana income that could absorb prior year NOL carryover (if any), it may be necessary to force the Indiana net operating loss deduction on Schedule 2 to the correct amount of prior year NOL carryover to use. An entry in this field has no effect on other net operating loss calculations, the Taxable Income Worksheet, Form IT-40PNR Schedule C, or any other calculations on the Indiana return.
Indiana net operating loss deduction (Txbl Inc Wrk & IT-40PNR filer) Taxpayer
Form IT-40 filer:
- For taxpayers using married filing joint status who are taxed in different counties, use this field to assign the portion of calculated NOL deduction attributable to the taxpayer for calculating the Indiana Taxable Income Worksheet. The remainder of the calculated amount is assigned to the spouse.
- For resident returns, this field is available only for MFJ filing status.
Form IT-40PNR filer:
The NOL deduction for part-year and nonresident returns doesn't calculate automatically.
Enter the taxpayer's portion of prior year NOL carryover.
- This amount is included in the Indiana net operating loss deduction reported on Indiana Schedule C.
- For taxpayers using married filing joint status who are taxed in different counties for county of residence purposes, this field is also used on the Indiana Taxable Income Worksheet for determining the taxpayer's taxable income for county tax purposes.
Indiana net operating loss deduction (Txbl Inc Wrk & IT-40PNR filer) Spouse
Form IT-40 filer:
This field isn't available for resident returns.
Form IT-40PNR filer:
The NOL deduction for part-year and nonresident returns doesn't calculate automatically.
Enter the spouse's portion of prior year NOL carryover.
- This amount is included in the Indiana net operating loss deduction reported on Indiana Schedule C.
- For taxpayers using married filing joint status who are taxed in different counties for county of residence purposes, this field is also used on the Indiana Taxable Income Worksheet for determining the spouse's taxable income for county tax purposes.
Calculate Indiana Long-Term Care Policy Premiums Deduction Worksheet
Use this field to calculate the Indiana Long-Term Care Policy Premiums Deduction Worksheet. When you select this field and the
Indiana LTC policy premiums deduction (Force)
fields are blank, the worksheet for determining the Code 608 deduction on Schedule 2 or Schedule C calculates.Qualifying LTC policy premiums (Force) / ... / Qualifying LTC policy premiums deducted on fed Sch C or Sch F
The default calculation of the Indiana Long-Term Care Policy Premiums Deduction Wrk treats all Long-Term Care Policy premiums you enter in the federal as qualifying premiums for purposes of calculating the Indiana deduction. Use these fields to force qualifying amounts that appear on the Indiana Long-Term Care Policy Premiums Deduction Worksheet.
Indiana LTC policy premiums deduction (Force)
Enter amounts to force the IN Long-term Care policy premiums Code 608 deduction on Schedule 2 or Schedule C. If the taxpayer and spouse are taxed in different counties for Schedule CT-40 or Schedule CT-40PNR purposes, enter amounts in each field. Otherwise, if forcing the deduction, enter an amount in
Taxpayer
only.Recovery of deductions (Force)
Amounts you enter with federal code
7 - Itemized deduction recoveries
in Other income
on the federal Income
screen, report on Schedule 2 or C. Use these fields to enter an amount different from the calculated amount.