46. TOTAL TAX.
43, 44, and 45.
Taxpayers who have had
a distressed sale in 2009 and have included the gain in net income
may be eligible to limit their tax to their net worth immediately
prior to the distressed sale. If you qualify, limit the amount on
line 46 to your net worth before the distressed sale and attach an
Iowa Income Tax Balance Sheet/Statement of Net Worth (form IA
6251B - pdf).
Go to Line 45
Go to Line 47