Form IT-20S                                       Indiana Department of Revenue
State Form 10814 
(R23 / 8-24)                         Indiana S Corporation Income Tax Return                                 2024
                                          for Calendar Year Ending December 31, 2024

                  or Other Tax Year Beginning                         2024 and Ending

Check box if amended.                                                                    Check box if name changed.
Name of Corporation                                                                      Federal Employer Identification Number

Number and Street                                 Principal Business Activity Code       Foreign Country 2-Character Code

City                                              State               ZIP Code           2-Digit County Code         Telephone Number

A.  Date of incorporation                                    In the State of
B.  State of commercial domicile
C.  Year of initial Indiana return
D.  Accounting method:    Cash            Accrual            Other
E.  Date of election as S Corporation
F.  Check all boxes that apply to entity: 
   Initial Return         Final Return            In Bankruptcy                Composite Return              PTET Return
G.  Enter total number of shareholders:                      Enter number of nonresident shareholders:
H. I have on file a valid extension of time to file my return (federal Form 7004 or an electronic extension of time).
I. This corporation filed as a C Corporation for the prior tax period.
J.  This corporation is a member of a partnership.
K.  This entity reports income from disregarded entities.
L.  Check box if reporting a credit on Schedule IT-20REC.

Schedule A - S Corporation Adjusted Gross Income                                                      Round all entries
1.  Total net income (loss) from U.S. S corporation return, Form 1120S Schedule K  
   (see instructions); use minus sign for negative amounts _________________________________       1                     .00

2.  a. Enter name of addback or deduction (see instructions)                   Code. No.           2a                    .00

   b. Enter name of addback or deduction                                       Code. No.           2b                    .00

   c. Enter name of addback or deduction                                       Code. No.           2c                    .00

   d. Enter name of addback or deduction                                       Code. No.           2d                    .00

   e. Enter name of addback or deduction                                       Code. No.           2e                    .00
   f . Enter the total amount of addbacks and deductions from any additional sheets  
       (use a minus sign for negative amount) ____________________________________________         2f                    .00

3.  Total S corporation income, as adjusted (add lines 1 through 2f)  __________________________   3                     .00

4.  Enter percentage for Indiana apportioned adjusted gross income from IT-20S Schedule E line 9 _ 4                 .         %

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Schedule B - Excess Net Passive Income and Built-In Gains

5.  LIFO recapture income (see instructions)  ____________________________________________                      5   .00

6.  Excess net passive income from federal worksheet  ____________________________________                      6   .00

7.  Built-in gains from federal Schedule D (1120S) ________________________________________                     7   .00

8.  Add the amounts on lines 5 through 7 _______________________________________________                        8   .00

9.  Taxable income apportioned to Indiana (multiply line 8 by line 4) (if applicable) _______________           9   .00

10.  Pre-conversion Indiana net operating loss (see instructions) ______________________________                10  .00

11.  Taxable income after loss. Line 9 minus line 10 ________________________________________                   11  .00

12.  Corporate adjusted gross income tax rate (*see instructions for line 12)                                       X tax rate

13.  Total income tax from Schedule B (multiply line 11 by percent on line 12)  ___________________             13  .00

Summary of Calculations

14.  Sales/Use Tax Due ______________________________________________________________                           14  .00

15.  Total composite tax from completed Schedule Composite (15G). Enclose schedule  ___________                 15  .00

16. Total pass through entity tax from Schedule PTET. Enclose schedule  ______________________                  16  .00

17.  Total tax (add lines 13-16). If line 17 is zero, see line 26 _________________________________             17  .00

18.  Total amount of pass-through withholding and PTET (enclose IN K-1 from the paying entity)  ____            18  .00

19. Total composite withholding IT-6WTH payments (see instructions) _________________________                   19  .00

20.  Other payments/credits (enclose supporting documentation)  _____________________________                   20  .00

21.  EDGE credit. Enter the total EDGE credit amount claimed (line 19 on Schedule IN-EDGE)  _____               21  .00

22.  EDGE-R credit. Enter the total EDGE-R credit amount claimed (line 19 on Schedule IN-EDGE-R)  _             22  .00

23. Other certified credits. Enter the total credit amount claimed (“Total” line from Schedule IN-OCC)  _       23  .00

24. Subtotal (line 17 minus lines 18-23). If total is greater than zero, proceed to lines 25-26  ________       24  .00

25.  Interest: Enter total interest due; see instructions (contact the department for current interest rate)  _ 25  .00

26.  Penalty: If paying late, enter 10% of line 24; see instructions. If line 17 is zero,  
    enter $10 per day filed past due date ________________________________________________                      26  .00

27.  Total Amount Due: Add lines 24-26. If less than zero, enter on line 28. Make check payable to:  
    Indiana Department of Revenue. Make payment in U.S. funds  __________________________                       27  .00

28. Overpayment and Refund Amount: Line 18 plus lines 19-23, minus lines 17 and 25-26.  
    No carryforward allowed __________________________________________________________                          28  .00

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Certification of Signatures and Authorization Section
Under penalties of perjury, I declare I have examined this return, including all accompanying schedules and statements, and to  
the best of my knowledge and belief it is true, correct, and complete.
                                                                      Paid Preparer’s 
                                                                      Email Address 

I authorize the Department to discuss my return with my               Paid Preparer: Firm’s Name (or yours if self-employed)
personal representative (see instructions).

Yes    No                                                             Paid Preparer’s Name

Personal Representative’s Name (please print)

                                                                      PTIN

Email                                                                 Telephone Number
Address
Signature of                                                          Address
Corporate Officer
                                                                      City

Date                                                                  State                    ZIP Code+4

Print or Type Name of Corporate Officer                               Paid Preparer’s Signature

Title                                                                 Date

If you owe tax, please mail your return to IN Department of           If you do not owe any tax, mail it to IN Department of Revenue, 
    Revenue, PO Box 7205, Indianapolis, IN 46207-7205.                          PO Box 7147, Indianapolis, IN 46207-7147.

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