Form 1100-NBI "Corporate Schedule of Non-business Income/Loss" - Delaware

What Is Form 1100-NBI?

This is a legal form that was released by the Delaware Department of Finance - a government authority operating within Delaware. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on November 18, 2014;
  • The latest edition provided by the Delaware Department of Finance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form 1100-NBI by clicking the link below or browse more documents and templates provided by the Delaware Department of Finance.

ADVERTISEMENT
ADVERTISEMENT

Download Form 1100-NBI "Corporate Schedule of Non-business Income/Loss" - Delaware

Download PDF

Fill PDF online

Rate (4.8 / 5) 73 votes
STATE OF DELAWARE
FORM 1100-NBI
Division of Revenue
Corporate Schedule of Non-Business Income/Loss
Calendar year
or fiscal year ending
Federal Employer Identification Number
Corporation’s Name
Address
City
State
Zip Code
A corporation may exclude, under limited circumstances, “non-business” income and losses (net
of related expenses) earned or incurred in the course of non-business activities unrelated to
those carried out in Delaware.
An entry on this schedule must be supported by identifying each item of non-business income by
description and amount and demonstrating for each item that:
(1)
Delaware is not the state of commercial domicile of the corporation. Commercial
domicile is the principal place from which the trade or business of the corporation is
directed or managed;
(2)
There is lack of a unitary relationship between the corporation and the source of the
income. If the payor or other source and the corporation are at all functionally
integrated, if they have any centralized management, or if, between them, they take
advantage of economies of scale, then there is not a lack of a unitary relationship;
(3)
The income at issue is of an investment, as opposed to an operational, nature.
Interest earned on temporary investments of working capital, or on investments meant
at maturity or at a later time to be applied to operations, is of an operational nature;
and
(4)
The income and apportionment factors have been appropriately adjusted by related
expenses and items used to produce the income.
DESCRIPTION OF NON-BUSINESS INCOME
AMOUNT
1)
2)
3)
4)
5)
6) Total Non-Business Income/Loss
Attach This Schedule to Form 1100
Enter this amount on Line 2(h), FORM 1100
*DF12114019999*
(Revised 11/18/14)
DF12114019999
STATE OF DELAWARE
FORM 1100-NBI
Division of Revenue
Corporate Schedule of Non-Business Income/Loss
Calendar year
or fiscal year ending
Federal Employer Identification Number
Corporation’s Name
Address
City
State
Zip Code
A corporation may exclude, under limited circumstances, “non-business” income and losses (net
of related expenses) earned or incurred in the course of non-business activities unrelated to
those carried out in Delaware.
An entry on this schedule must be supported by identifying each item of non-business income by
description and amount and demonstrating for each item that:
(1)
Delaware is not the state of commercial domicile of the corporation. Commercial
domicile is the principal place from which the trade or business of the corporation is
directed or managed;
(2)
There is lack of a unitary relationship between the corporation and the source of the
income. If the payor or other source and the corporation are at all functionally
integrated, if they have any centralized management, or if, between them, they take
advantage of economies of scale, then there is not a lack of a unitary relationship;
(3)
The income at issue is of an investment, as opposed to an operational, nature.
Interest earned on temporary investments of working capital, or on investments meant
at maturity or at a later time to be applied to operations, is of an operational nature;
and
(4)
The income and apportionment factors have been appropriately adjusted by related
expenses and items used to produce the income.
DESCRIPTION OF NON-BUSINESS INCOME
AMOUNT
1)
2)
3)
4)
5)
6) Total Non-Business Income/Loss
Attach This Schedule to Form 1100
Enter this amount on Line 2(h), FORM 1100
*DF12114019999*
(Revised 11/18/14)
DF12114019999
INSTRUCTIONS FOR FORM 1100-NBI
Corporate Schedule of Non-Business Income/Loss
Form 1100 NBI, Corporate Non-Business Income/Loss is designed to allow a corporate taxpayer to
eliminate from federal taxable income those items of non-business income or loss which are earned
or incurred in the course of NON-BUSINESS activities unrelated to those carried out in Delaware. In
general, the income or loss which is excluded from taxable income must result from purely passive,
investment, non-operational assets, and the activities which gave rise to such income/loss must be
carried out outside Delaware. Each entry on page 1 of this form must be supported by the following
documentation:
1) Address of the commercial domicile.
2) Name and address of the payor or source of Non-Business income.
3) Description of the relationship between the corporation and payor, or source of the income.
(“Source” includes a corporation, on the sale of whose stock, gain is recognized.)
4) For each payor or source, answer the following questions:
a) Are the payor or the source and the corporation functionally integrated?
b) Do the payor or the source and the corpora t ion have centralized management?
c) Provide a list of the common officers and/or directors of the payor or the source and the
corporation.
d) For each payor or source provide a schedule (by percent of total goods purchased) of the
goods purchased from such payor or source.
e) For each payor or source provide a schedule (by percent of total services purchased) of the
services provided by such payor or source.
f) For each payor or source provide a schedule (by percent of total goods sold) of the goods
sold to such payor or source.
g) For each payor or source provide a schedule (by percent of total services provided) of the
services provided to such payor or source.
5) For each item of Non-Business Income, provide schedule of the underlying income which
provided the funding for such investment and a schedule of the disposition of the income
from such non-business income. It must be demonstrated that the income from non-business
activities does not fund, support or contribute in any way to business activities.
6) For each item of Non-Business Income, provide a schedule of adjustments to allocable income
and the apportionment factors.
The Delaware statute provides for the allocation of certain forms of income and for the apportionment
of the balance of entire net income. An adjustment must be made to the allocation and apportionment
items to the extent that such amounts are excluded as non-business income or losses.
*DF12114029999*
(Revised 11/18/14)
DF12114029999
Page of 2