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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-40 (State Form 53995) Schedule 1
for the current year.
Form IT-40 (State Form 53995) Schedule 1 Add-Backs - Indiana
What Is Form IT-40 (State Form 53995) Schedule 1?
This is a legal form that was released by the Indiana Department of Revenue - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form IT-40?
A: Form IT-40 is a form used to file your individual income tax return in the state of Indiana.
Q: What is Schedule 1 Add-Backs?
A: Schedule 1 Add-Backs is a part of Form IT-40 that lists certain deductions that need to be added back to your income when calculating your Indiana tax liability.
Q: Why do I need to complete Schedule 1 Add-Backs?
A: You need to complete Schedule 1 Add-Backs to ensure that any deductions you claimed on your federal return but are not allowed on your Indiana return are properly accounted for.
Q: What are some examples of items that need to be added back on Schedule 1 Add-Backs?
A: Examples include certain charitable contributions, mortgage interest from out-of-state properties, and certain business expenses that are not allowed as deductions in Indiana.
Form Details:
- Released on September 1, 2022;
- The latest edition provided by the Indiana Department of Revenue;
- 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 fillable version of Form IT-40 (State Form 53995) Schedule 1 by clicking the link below or browse more documents and templates provided by the Indiana Department of Revenue.
