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Screen INAdj-2 - Indiana Adjustments to Income - Prior Year Add-backs (1040)

Add-Backs

Use this section to enter add-backs reported on Schedule 1, Schedule B, and the Indiana Taxable Income Worksheet. You can use the force fields in this section to enter different amounts from what is calculated.
Taxes based on income from federal Schedules C, E, or F (Force)
An add-back calculates for amounts you enter with code
6
 (or left blank) in
Taxes
 or
Taxes / licenses
 in the federal
C-2
,
Rent
,
F-2
, and
4835
 screens. You can force different amounts here.
Net operating loss carryover reported on federal Form 1040 (Force)
An add-back calculates on Schedule 1 for any net operating loss carryover you enter on the federal
NOLCO
 screen that calculates as a negative amount on federal Form 1040, Schedule 1, line 21, Other income.
Deferral of business indebtedness discharge and reacquisition (Force)
In 2009-2010, taxpayers could defer certain income on the federal return under IRC S 108(i) and recognize that income over tax years 2014-2018. Indiana didn't conform to this and excluded income in 2009 or 2010 was reported as an add-back. Related income entered on the federal
CODI
 screen reports as an offsetting adjustment on Schedule 1 or B.

Catch-Up Adjustments

Use this screen to enter adjustment amounts for Schedule 1 or Schedule B for items affected by the retroactive legislation. Enter a negative amount to report a negative adjustment on Schedule 1 or Schedule B.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Indiana

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