Enlarge image | New Hampshire 202 Department of *0011202411862* Revenue Administration NH-1120 0011202411862 BUSINESS PROFITS TAX RETURN Business Organization Name Taxpayer Identification Number MMDDYYYY MMDDYYYY For the CALENDAR year 202 or other taxable period beginning: and ending: FEDERAL TAXABLE INCOME/(LOSS) 306/% 50 5)& /&"3&45 8)0-& %0--"3 Enter Amount Reported on: If 1120, Federal Form 1120, Line 28 1 If 1120S, DP-120. Line 2 (attach DP-120 to tax return) 2 INCREASE or DECREASE TO GROSS BUSINESS PROFITS TO RECONCILE WITH IRC 2(a) Add amount of IRC §179 expense taken on Federal Form 4562 in excess of the amount permitted pursuant to RSA 77-A:3-b, IV, including carryover amounts deducted in this taxable period 2(a) 2(b) Add the amount of bonus depreciation taken on the federal return for assets placed in service this period pursuant to RSA 77-A:3-b, I 2(b) 2(c) Add any other deductions or exclusions taken on the federal return that need to be eliminated or adjusted pursuant to RSA 77-A:1, XX and 77-A:3-b, III. Complete and attach Schedule IV 2(c) 2(d) Deduct regular depreciation related to IRC §179 and bonus depreciation not allowed for this taxable period or for prior taxable periods 2(d) 2(e) Deduct any other items included on the federal return that need to be eliminated or adjusted pursuant to RSA 77-A:1, XX or RSA 77-A:4, XIX. Complete and attach Schedule IV 2(e) 2(f) Increase or Decrease for the net gain or loss on the sale of assets used in the business which have a different State basis from the tax basis reported on the federal return 2(f) 2(g) Net -JOFT 2(a) through 2(f) 2(g) 3 Subtotal Line 1 adjusted by Line 2(g) 3 4 Separate entity items of income or expense (attach schedule) 4 5 Gross Business Profits (combine Line 3 and Line 4) 5 6 ADDITIONS AND DEDUCTIONS (RSA 77-A:4) 6(a) Deduct interest on direct US Obligations (RSA 77-A:4, II) 6(a) 6(b) Add income taxes or franchise taxes measured by income (attach schedule of taxes by State) (RSA 77-A:4, VII) 6(b) 6(c) Add federal non-recognized IRC §337 Gain (RSA 77-A:4, VIII) 6(c) 6(d) Deduct wage adjustment required by IRC §280C (RSA 77-A:4, IX) 6(d) 6(e) Add expenses related to federal constitutionally exempt income (RSA 77-A:4, X) 6(e) 6(f) Deduct foreign dividend gross-up (IRC §78) (RSA 77-A:4, XI) 6(f) 6(g) Deduct research contribution (attach computation) (RSA 77-A:4, XII) 6(g) NH-1120 202 Version 1 0 /202 Page 1 of 3 |
Enlarge image | New Hampshire 202 Department of *0011202421862* Revenue Administration NH-1120 0011202421862 BUSINESS PROFITS TAX RETURN Business Organization Name Taxpayer Identification Number MMDDYYYY MMDDYYYY For the CALENDAR year 202 or other taxable period beginning: and ending: NH-1120 continued 6(h) Adjustments to gross business profits required due to the increase in the basis of assets resulting from the sale or exchange of an interest in the business organization (RSA 77-A:4, XIV) 306/% 50 5)& /&"3&45 8)0-& %0--"3 Add the amount of the increase in the basis of assets federally, due to the sale or 6(h) - A exchange of interest in the business organization Check yes if an election is being made to recognize the basis increase for any sale or exchange reported above Yes Multiple Transactions Yes (schedule attached) If not making an election, deduct the basis increase associated with the sale or exchange(s). If making an election, enter zero. If reporting multiple transactions, please attach a schedule 6(h) - B reporting the details for each transaction. Add the amount of depreciation/amortization on the federal return attributable to an increase in the basis of assets not recognized for NH purposes 6(h) - C 6QPO UIF TBMF PG BTTFUT BEKVTU UIF OFU HBJO PS MPTT UP SFNPWF BOZ CBTJT JODSFBTF SFDPHOJ[FE GPS GFEFSBM JODPNF UBY QVSQPTFT UIBU XBT OPU SFDPHOJ[FE GPS /) QVSQPTFT 6(h) - D Net Lines 6(h) - A through 6(h) - D 6(h) 6(i) Add Qualified Investment Company (QIC) holders proportional share of QIC profits (RSA 77-A:4, XV) 6(i) 6(j) Deduct assistance payments under 12 USC §1823 (RSA 77-A:4, XVI) 6(j) 6( ) L 'PS UBY ZFBST DPNNFODJOH PO PS BGUFS +BOVBSZ %FEVDU DVSSFOU ZFBS CVTJOFTT JOUFSFTU FYQFOTF EJTBMMPXFE VOEFS *3$ f K 34" " 99 6( )L " "EE UIF BNPVOU PG EJTBMMPXFE CVTJOFTT JOUFSFTU FYQFOTF DBSSZGPSXBSE EFEVDUFE GFEFSBMMZ 6( )L # VOEFS *3$ f K BOE BMSFBEZ EFEVDUFE GPS /) QVSQPTFT JO QSJPS ZFBST VOEFS -JOF L " %FEVDU PG UIF UPUBM EJTBMMPXFE CVTJOFTT JOUFSFTU FYQFOTF DBSSZGPSXBSE VOEFS *3$ 6( )L $ f K BT PG UIF UBY ZFBS FOEJOH CFGPSF +BOVBSZ 34" " 99 /FU -JOFT L " UISPVHI L $ 6(L) 6(M ) Net Lines 6(a) through 6( )L 6(M) 7 Adjusted Gross Business Profits (Sum of Lines 5 and 6(M ) 7 8 New Hampshire Apportionment (If other than 100%, complete Form DP-80 BPT Apportionment Schedule. Enter 8 percentage from Form DP-80, Line 1(c)) Exempt under P.L. 86-272 9 New Hampshire Business Profits before NOL (Line 7 multiplied by Line 8. If negative, enter zero) 9 10 Deduct New Hampshire Net Operating Loss Deduction (NOLD) (attach Form DP-132) (RSA 77-A:4, XIII) NOLD available 10 - A Less NOLD used this tax period 10 NOLD to be carried forward 10 - B NH-1120 202 Version 1 0 /202 Page 2 of 3 |
Enlarge image | New Hampshire 202 Department of *0011202431862* Revenue Administration NH-1120 0011202431862 BUSINESS PROFITS TAX RETURN Business Organization Name Taxpayer Identification Number MMDDYYYY MMDDYYYY For the CALENDAR year 202 or other taxable period beginning: and ending: NH-1120 continued 306/% 50 5)& /&"3&45 8)0-& %0--"3 11 New Hampshire Taxable Business Profits (Line 9 minus Line 10. If negative, enter zero) 11 12 Compute tax (Line 11 multiplied by 7. %) 12 13 (a) BET Credit only attach Form BET Credit Worksheet 13(a) -OR- (b) Other credit including BET (attach Form DP-160) 13(b) 14 New Hampshire Business Profits Tax Net of Statutory Credits (Line 12 minus Line 13(a) or 13(b), as applicable, cannot be less than zero) Report on BT-Summary, Line 1(b) 14 This return must be accompanied by complete and legible copies of the appropriate federal forms and schedules. NH-1120 202 Version 1 0 /202 Page 3 of 3 |