Line 46
2011 Expanded Instructions
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Add lines 43, 44, and 45.

Taxpayers who have had a distressed sale in 2011 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 include an Iowa Income Tax Balance Sheet / Statement of Net Worth (form IA 6251B - pdf).

Go to Line 45

Go to Line 47