14. OTHER INCOME,
GAMBLING INCOME, BONUS DEPRECIATION / SECTION 179 ADJUSTMENT.
Enter taxable income not reported on lines 1-13. Attach an explanation of the type of income. Examples of income to be reported on line 14 include:
- Baby-sitting income not
reported on federal Schedule C or C-EZ.
- Bonus depreciation /
section 179 adjustment from
the IA 4562A; attach the IA 4562A to your return.
- Capital gain from installment
sales in 2009: Accrual-method
taxpayers may now use the installment method for reporting capital
gain on their Iowa returns.
Savings Iowa (Iowa Educational Savings Plan Trust) or Iowa
Advisor 529 Plan: Income
received from the cancelation of a participation agreement to
the extent the amount was previously deducted on line
24 of the IA 1040.
- Drilling: Intangible
drilling costs that were reported on federal form 6251 less any amounts
amortized in the tax year.
- Gambling winnings: You
must report the full amount of gambling winnings. Report any tax
withheld on line
60 of the IA 1040. Gambling losses may be reported as an itemized
deduction on Schedule A, but you cannot deduct more than the winnings
- Partnership income and/or
S corporation income: Modifications
that increase the income reported on line
10 of the IA 1040.
- Refundable Iowa credits received
in 2009 which were included as income on the federal 1040 must be
added back. This includes Cow-Calf refunds received in 2009
unless reported on federal Schedule F.
- Refunds: State income
tax refunds other than Iowa to the extent that the tax refunded in
2009 was deducted on a prior Iowa return.
- Wells: Percentage
depletion from an oil, gas, or geothermal well that was reported
on federal form 6251.
- Other income as
reported on line 21 of the federal 1040.
|MARRIED SEPARATE FILERS: The spouse to
whom the income was paid must report that income. Modifications
to partnership and/or S corporation income are allocated between
spouses in the same manner as that income was divided on line
10, IA 1040.
Go to Line 13
Go to Line 15