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Screen IDTax - Idaho Taxes (1120)

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Other Taxes

Excess net passive income (S Corp / Force)
The application calculates tax on excess net passive income as entered. Enter an amount to force excess net passive income to be a different amount than what transfers from application. The application applies the apportionment factor calculated on Form 42, Idaho Apportionment and Combined Reporting Adjustments and the tax rate as determined by the State of Idaho. The applicable tax returns to Form 41S, Page 2. A statement detailing the calculation of the tax prints with the return.
Net recognized built-in gain (S Corp / Force)
Enter an amount to force built-in gains to be a different amount than what transfers from the application. The application applies the apportionment factor calculated on Form 42 and the tax rate as determined by the State of Idaho. The applicable tax returns to Form 41S, Page 2. A statement detailing the calculation of the tax prints with the return.
Investment tax credit carryover (S Corp)
Enter the amount of any ITC carryover that could be used to offset up to 50 percent of excess net passive income and/or capital or built-in gains.
Sales and use tax due on online, mail order and other untaxed purchases
Enter the amount of any sales or use tax that is due but has not been paid on mail order, internet, or any other non-taxed purchase. The amount in this field is added to the amount on Form 75, Idaho Fuels Use Report, line 5 and transferred to the Sales / Use tax due on mail order, internet, and other non-taxed purchases line on Forms 41 and 41S, Page 2.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1120 Corporation
  • State: Idaho

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