Other Income, Gambling Income, Bonus Depreciation / Section 179 Adjustment

Step Subject
Gross Income
Instruction Year

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Enter taxable income not reported on lines 1-13. Include an explanation of the type of income. Examples of income to be reported on line 14 include:

  1. Baby-sitting income not reported on federal Schedule C or C-EZ.
  2. Bonus depreciation adjustment from the IA 4562A; include the IA 4562A with your return.
  3. Capital gain from installment sales in 2013: Accrual-method taxpayers may use the installment method for reporting capital gain on their Iowa returns.
  4. College Savings Iowa (Iowa Educational Savings Plan Trust) or Iowa Advisor 529 Plan: Income received from the cancelation of a participation agreement to the extent the amount was previously deducted on line 24 of the IA 1040.
  5. Director's fees
  6. Drilling: Intangible drilling costs that were reported on federal form 6251.
  7. Executor's fees
  8. Gambling winnings: You must report the full amount of gambling winnings. Report any tax withheld on line 65 of the IA 1040. Gambling losses may be reported as an itemized deduction on Schedule A, but you cannot deduct more than the winnings you report.
  9. Partnership income and / or S corporation income: Modifications that increase the income reported on line 10 of the IA 1040.
  10. Refundable Iowa credits received in 2013 which were included as income on the federal 1040 must be added back.
  11. Refunds: State income tax refunds other than Iowa to the extent that the tax refunded in 2013 was deducted on a prior Iowa return.
  12. Wells: Percentage depletion from an oil, gas, or geothermal well that was reported on federal form 6251.
  13. Other income as reported on line 21 of the federal 1040.

Married Separate Filers:

The spouse to whom the income was paid must report that income. Modifications to partnership and / or S corporation income are allocated between spouses in the same manner as that income was divided on line 10, IA 1040.

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Source URL: https://tax.iowa.gov/expanded-instructions/other-income-gambling-income-bonus-depreciation-section-179-adjustment-2013