Line 46
Questions? E-mail Us!
2012 Expanded Instructions Home
graphic to click to go to IDR e-file choices
graphic to click to go to 2003 topic index
graphic to click to go to 2003 expanded instructions line index


Add lines 43, 44, and 45.

Taxpayers who have had a distressed sale in 2012 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