Ind. Admin. Code tit. 45, § 3.1-1-17 - Net Operating Losses and Capital Losses for Fiduciaries and Beneficiaries

Current as of January 1, 1970

45 Iac 3.1-1-17 - Net Operating Losses and Capital Losses for Fiduciaries and Beneficiaries45 Iac 3.1-1-17 - Net Operating Losses and Capital Losses for Fiduciaries and Beneficiaries

45 Iac 3.1-1-16 - Final Account and Certificate of Clearance of Fiduciary 45 Iac 3.1-1-18 - Charitable Contributions of Trust Estate; Exempt Trusts

45 IAC 3.1-1-17 Net operating losses and capital losses for fiduciaries and beneficiaries

Authority: IC 6-8.1-3-3

Affected: IC 6-3-1-3.5

Sec. 17. Net Operating Losses and Capital Losses for Fiduciaries. For Adjusted Gross Income Tax purposes, fiduciaries and beneficiaries may use the same carryback and carryforward provisions for net operating losses and capital losses as provided in the Internal Revenue Code subject to the applicable modifications of the Indiana Adjusted Gross Income Tax Act.

(Department of State Revenue; Reg 16-3-1-3.5(c)(080); filed Oct 15, 1979, 11:15 am: 2 IR 1520; errata, 2 IR 1743)

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