Form: IN K-1

Iam
Iam Member Posts: 2 Newcomer
in Filing my taxes

Last year, in your form of Schedule IN K-1, you didn't include the add-back deduction code of 105 (Add-back for Section 179 Expense Excess). For more details, see the Indiana 2023 IT-20S instruction. Is this included in the new format/system?

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  • MaxwellD
    MaxwellD FreeTaxUSA Agent Posts: 3

    Hi Iam,

    Unfortunately, Code 105 is not a code that is supported in our 2024 software. Here is a list of Codes we do support for Form Schedule IN K-1 for Addbacks/Deductions:

    110 - Qualified Disaster Assistance Property

    111 - Qualified Refinery Property

    112 - Qualified Film or Television Production

    113 - Qualified Preferred Stock

    120 - Other (Current Year Conformity) Add-Back

    137 - OOS Municipal Obligation Interest Add-Back

    139 - Federal Repatriated Dividend Deduction Add-Back

    142 - Excess Federal Interest Deduction Modification

    154 - Specified Research or Experimental Expenditures Add-Back

    622 - Qualified Patents Income Exemption Deduction

    631 - Infrastructure Fund Gift Deduction

    633 - Government or Civic Group Capital Contribution Deduction

    639 - Small Employer Health Insurance Premium Deduction

    641 - Specified Research or Experimental Expenditures Deduction

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  • Iam
    Iam Member Posts: 2 Newcomer

    The missing Code 105 has been reported year after year but you still failed to include it. What is lacking to include it?

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