Form CO-411 Line 6 Combined/Consolidated computing requirements
Form CO-411, Line 6 computes differently depending on whether the return is a Unitary Combined Return or a Unitary Consolidated Return.
To compute Form CO-411, Line 6 as a Unitary Combined Return (only parent company amounts transfer to the TopCon):
- Go to .
- Under Unitary Groups, on the lineCO-421 being prepared for federal consolidated group, orA unitary filer electing to file a Vermont consolidated return, markNoin the TopCon and all members.
- Go to .
- Under Unitary Groups on the lineUnitary group return, markYesin the TopCon and all members.
- Do a full recompute, then print.
If Line 6 doesn't compute as a combined amount, check if it should instead be set up as a Unitary Consolidated Return (combined amounts transfer to the TopCon):
- Go to tab.
- In Column C for State Filing Method, selectUnitary Consolidated Returnfor Vermont in the TopCon and all members.
- Go to .
- Under Unitary Groups, on the lineCO-421 being prepared for federal consolidated group, orA unitary filer electing to file a Vermont consolidated return, markYesin the TopCon and all members.
- Go to .
- Under Unitary Groups on the lineUnitary group return, markNoin the TopCon and all members.
- Do a full recompute, then print.
note
After performing either of the previous sets of steps, recompute all member returns and reconsolidate the TopCon binder before printing.
For details on individual Form CO-411 line items, refer to the Vermont Department of Taxes Form CO-411 instructions available at tax.vermont.gov.
