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Screen DEAdjC - Delaware Adjustments (1120)

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Subtractions

Amounts in these statements are transferred from the
Other interest
field on federal Screen Inc and H and from the
Other interest income
 field on federal Screen K1-2 (for pass-through entities). The application assumes these amounts are regular interest without Delaware. Use the interest type code to code any amounts that are from affiliated companies, foreign interest, and other interest within Delaware. Enter a code directly or select one from the dropdown list. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application displays the modified column in black and won’t overwrite the new data with subsequent federal-to-state data transfers. For more information, (including details on setting a user preference to select fields for which you overruled the transferred amount), refer to the Statements overview.
Interest Type Code
Description
Destination
A
Affiliated
Form 1100, Schedule 1, column 3, or Form 1100X, Schedule 1, column 3
F
Foreign
Form 1100, Schedule 1, column 1, or Form 1100X, Schedule 1, column 1
I
Other Interest Within Delaware
Form 1100, Schedule 1 column 5 and Schedule 2, column 1 or Form 1100X, Schedule 1, column 5 and Schedule 2, column 1
O
Other interest Without Delaware (default)
Form 1100, Schedule 1, column 5 and Schedule 2 column 2, or Form 1100X, Schedule 1, column 5 and Schedule 2, column 2
Enter the amount for expenses of U.S. obligation interest. This amount is netted with the amount of U.S. obligation income that is automatically transferred from the federal return. These amounts are included in Form 1100, Schedule 1, column 2.
The application transfers amounts from the detail schedule for the Sale of Capital Assets on federal Screen D, as well as the net short-term or long-term capital gain from pass-through entities. The application assumes these amounts are not taxable to Delaware. Enter adjustments to the sale of securities in the
State Amount
 column in the statement.
Use the statement to enter information about a renovation project to remove building features that restrict the full use of the building by physically handicapped persons. The statement should describe the project, the date of commencement, location, date of completion, and costs incurred. The deduction may not exceed $5,000 and the application limits the costs to this amount.

Additions

The application transfers amounts from the
Taxes and licenses
 statement in federal Screen Inc and H, to the statement attached to this field. The application assumes these amounts are not taxable to Delaware. Enter adjustments in the
State Amount
 column of the statement.
The application transfers amounts from the detail schedule for the Sale of Capital Assets on federal Screen D, as well as the net short-term or long-term capital loss from pass-through entities. The application assumes these amounts are not taxable to Delaware. Enter adjustments to the sale of securities in the
State Amount
 column in the statement.
Tax-exempt interest and expenses attributable to tax-exempt interest transfer to this statement from the federal return. To include tax exempt interest and expenses in the return, enter adjustments in the
State Amount
 column of the statement.
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