Petitioners, owners of a cleaning business, requested a Declaratory Order to determine whether the sale of a building used in their business qualified for the Iowa capital gains deduction. Petitioners had previously claimed and been denied the deduction attributable to the gain from the sale of the building on their 2019 Iowa income tax return. The Director refused to issue a Declaratory Order because the petition was not based on facts to plan future conduct as the deduction had already been claimed and the appeal process would have been the appropriate proceeding to challenge the Department's assessment.
2022-12-29