Below is list of additional income that should be added to your Indiana return:
Tax Add-Back
If you claimed a deduction on a Schedule C, C-EZ, E, or F for taxes paid based on, or measured by income and levied at a state level by any state in the U.S., you must add this deduction back to your Indiana return.
Net Operating Loss Add-Back
Any net operating loss that was reported on line 21 of your federal return, must be added back to your Indiana return. List the amount of the loss as a positive number. (you may still be eligible to claim an Indiana NOL deduction on your state return)
OOS Municipal Obligation Interest Add-Back
Interest earned from a direct obligation of a state or political subdivision other than Indiana and was acquired after 12/31/2011 is taxable by Indiana. Interest earned from an obligation held before 1/1/2012 is not taxable by Indiana.
Domestic Production Activities Add Back - NOTE: This add-back has been repealed and is no longer required for tax year 2018.
For tax years prior to 2018, if you claimed a domestic production activities deduction on your federal Form 1040, line 35 for domestic production activities production, you must add it back to your Indiana return.
Section 179 Expense Excess Add Back
If you figured IRC section 179 using a ceiling amount of more than $25,000, you must add back the difference between it and $25,000.
Bonus Depreciation Amount
You must add back any bonus depreciation that was included in your federal adjusted gross income. To figure this amount, re-figure the net income (or loss) that would have been included in your federal AGI had the bonus depreciation not been used, then enter the difference which could be a negative or positive number.
To enter these additions within your account, please follow the steps below:
- State Section
- Edit
- Additions to Income
For more information on these Add-Backs, please click here.
