Schedule C - Subtractions from Unadjusted Income
TC-20, Sch. C
20606
2016
EIN
USTC ORIGINAL FORM
1
Intercompany dividend elimination (see instructions)
• 1
2
Foreign dividend gross-up
• 2
3
Net capital loss
• 3
4
a
Federal jobs credit salary reduction
• 4a
b
Federal research and development credit expense reduction
• 4b
c
Federal orphan drug credit clinical testing expense reduction
• 4c
d
Expense reduction for other federal credits (attach schedule)
• 4d
e. Federal qualified tax credit bond credit, income increase
• 4e
f.
Federal qualified zone academy bond credit, income increase
• 4f
5
Safe harbor lease adjustments
• 5
6
Federal income previously taxed by Utah
• 6
7
Fifty percent exclusion for dividends from unitary foreign subsidiaries
• 7
8
Fifty percent exclusion for foreign operating company income (loss)
• 8
9
Gain (loss) on stock sale not recognized for federal purposes (but included in taxable income)
• 9
when IRC Section 338(h)(10) or 336(e) has been elected
10 Basis adjustments
• 10
11 Interest expense not deducted on federal return under IRC Section 265(b) or 291(e)
• 11
12 Dividends received from admitted insurance company subsidiaries exempt under UC §59-7-102(1)(c)
• 12
13 Contributions to Utah Educational Savings Plan (UESP) 529 account(s)
• 13
14 Dividends received or deemed received by a member of the unitary group from a captive REIT
• 14
15 IRC Section 857(b)(2)(E) deduction from a captive REIT
• 15
16 Total subtractions - add lines 1 through 15
• 16
Enter here and on Schedule A, line 4