Screen NHBDP87 - New Hampshire Business Adjustment (1040)

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Overview

Use this screen to complete Form DP-87 PROP, Business Taxes Proprietorship, Report of Change For IRS Adjustment Only. Use this form when the Internal Revenue Service has sent notification of a change made to the federal return.

DP-87 PROP - Business Taxes Proprietorship

Enter amounts in this section as they appeared on the original or previously adjusted business profits and business enterprise tax returns.
Transfer original information
When filing this form, don't make data entry changes to the original or previously adjusted return before marking this box. Transferred data may be adjusted as needed.
1. Print preview the return.
2. Mark this field to show business profits and business enterprise tax return amounts as originally filed or previously adjusted.
3. Enter changes in the IRS Adjustments section.
Income or loss: Net profit (loss) / … / Net farm profit (loss)
Net business, rental, farm, farm rental profits or losses transfer to these fields when
Transfer original information
is marked. On Form DP-87 PROP, Other business income, Separate entity items of income or expense, Additions, and Deductions to profits or losses are combined with the first activity of income or loss when there's more than one activity amount transferred. If other business income, separate entity items, additions or deductions are associated with a different activity than the first activity listed, make a manual entry to increase / decrease the activity and delete the other business income, separate entity item, additions and deductions amounts.
Income or loss: Net gain (loss) from sale of assets
An amount entered in this field will be increased / decreased by any amount of net gain or loss on the sale of assets that have a different state basis amount that has been transferred or entered on this screen.
New Hampshire apportionment percent: Apportionment percent is different from originally filed or previously adjusted
The originally filed or previously adjusted apportionment percent from Form NH-1040, Page 3 transfers to this field. If a revised Form DP-80 is needed, enter the revised apportionment percent and mark
Apportionment percent is different from originally filed or previously adjusted
, and attach a revised Form DP-80.
Late filing interest
Enter the late filing interest calculated based on the balance of tax due from the original due date of the return to the date paid. Review the instructions for Form DP-87 for the interest rate based on the filing period.
Authorize to discuss with state taxing authority
Use this field to authorize to discuss or change the authorized to discuss the return from the original return.

IRS Adjustments

Use this section to report IRS adjustments to federal income, adjustments to additions or deductions.
Adjustments to federal income
Enter changes in the
Amount Of Change
and the
Adjustment Description
columns. Amounts entered as a positive amount will decrease the amount originally reported, negative amounts will increase the amount originally reported.
When there are increases and / or decreases to profits or losses, the description - Net Adjustment to Profits, the amount is the total of the
Additions to profits or losses
and
Deductions from profits or losses
fields in the
DP-87 PROP - Business Taxes Proprietorship
section of this screen.
Additional line entries can be made.

Business Enterprise Tax

Use this section to report items originally filed and IRS adjustments related the business enterprise tax return.
IRS adjustments to enterprise value tax base
Enter the enterprise value tax base amount from the revised Form BET and/or BET - 80. The amount entered here is used in the calculation on Form DP-87 PROP, Page 2, Section 4.

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