The various types of sales resulting in capital gain have specific guidelines which must be met to qualify for the Iowa capital gain deduction. The following is a resource to outline these basic qualifications. Links to the Iowa Administrative Code and Internal Revenue Code are provided for details and definitions. Due to the complexity of the Iowa capital gain deduction and the limitations encountered in responding to all possible tax scenarios, the following flow charts are presented only as a guide. The current statutes, rules, and regulations are legally controlling.
