Line 5
graphic that says Iowa 2004 expanded 1040 instructions
Questions? E-mail Us!
graphic to click to go to IDR web site
graphic to click to go to IRS forms
graphic to click to go to IDR e-file choices
graphic to click to go to IDR 2004 expanded instructions topic index
graphic to click to go to IDR 2004 expanded instructions line index


5. BUSINESS INCOME/(LOSS) FROM SCHEDULE C OR C-EZ.

Report the net business income or loss from Federal Schedule C or C-EZ.
Attach a copy of the Federal form.

The IA 4562A may need to be completed if the taxpayer claimed the bonus depreciation deduction for assets placed in service between September 11, 2001, and May 5, 2003, on the Federal return. For more information on bonus depreciation, see our general information file and information on line 14.

If one spouse has a loss, the couple may want to calculate using filing status 2 to determine the best tax advantage.

Married Separate Filers: Reported by the spouse deriving the income or loss.

Go to Line 4

Go to Line 6