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Get and Sign Access Tax Iowa Gov for Alternatives and More Information 2021-2022
Carried to the current tax year on line 21 cannot exceed 90 of the amount on line 20. Note The federal tax preferences for percentage depletion of an oil gas or geothermal well and intangible drilling costs from federal form 6251 are not tax preferences but are additions to income on Part II Iowa Alternative Minimum Taxable Income Line 21 A net operating loss NOL can be carried back or carried forward to reduce a taxpayer s alternative minimum taxable income. Married filing separate filers...Show details
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