DRS: Corporation Alerts

Alert Regarding Instructions to Form CT-1120CU-NI, Part III, Line 7 Gains Adjustment
This Alert has been issued to assist combined unitary taxpayers with income or loss reported on federal Form 4797, Part II, Line 17 calculate their gains adjustment.

This Alert provides an amended Gains Adjustment Worksheet, which was updated for combined unitary taxpayers that report income or loss on federal Form 4797, Part II, Line 17. Use the worksheet below instead of the "Gains Adjustment Worksheet" on page 29 of the 2016 Form CT- 1120CU Booklet. All taxpayers may use this updated worksheet.

Gains Adjustment Worksheet