Iowa Admin. Code r. 701-403.6
Current through Register Vol. 47, No.14, January 8, 2025
In order to determine the amount of income allocable to Iowa from an electing S corporation, apply the allocation and apportionment rules in 701-Chapter 503.
This rule is intended to implement Iowa Code section 422.8, subsection 2, as amended by 1996 Iowa Acts, chapter 1197.
Iowa Admin. Code r. 701-403.6
Editorial change: IAC Supplement 11/2/22; Editorial change: IAC Supplement 10/18/23