CCH Axcess Tax

Louisiana Special Allocations

Louisiana uses federal Special Allocations category, Special Allocations worksheet, Special Allocation Detail section to specially allocate Louisiana distributive items. All federal special allocation features (i.e., single entry of ratios, tiered allocation and residual suppression) are available for Louisiana purposes. Louisiana codes to be used on the Special Allocation Detail section include the following:

  **  
20100 (5203) CGS - federal and state difference
20200   Other income
20300   Other deductions
Resident ** Nonresident  
20103 (5203) 20104 Ordinary income (loss)***
20118     Form IT-565B, Section A, line 8(other than oil/gas)*
20105   20106 Payments to partners
20107 (5305) 20108 Capital gains
20109 (6405) 20110 Mineral interest income
20111 (6511) 20112 Intangible drilling costs
20113 (5707) 20114 Depletion
20123 (5207) 20124 Section 754 deduction
20115 (5409) 20116 Section 179 expense
20121   20122 Section 179 recapture
20117     Income not included and nontaxable income
20119     Ordinary income - Schedule J
20199     Losses not incl. and unallowable deduct.
    20401 LA taxes deducted on the federal return
    20403 LA taxes refunded on the federal return
20406   20405 Composite Tax

Notes:

Oil & Gas **  
20125 (6405) Gross income
20129 (6411) Royalty paid
20127 (6407) Severance tax
20131 (6413) Total production
20133 (6505) Total overhead expense
20145 (6503) Overhead expense included elsewhere
20135 (6507) Depreciation
20137 (6509) Operating expenses
20139 (6511) IDC expenses
20141 (6605) Cost depletion
20143 (6607) Gross percentage depletion
20147 (6613) Remaining basis before depletion
20149 (6617) Other Expenses
20151 (6709) Beginning reserves (cost depletion)
20153 (6711) Section 179 expense
20155 (6713) Amortization
20157 (6513) Dry hole cost
20159 (6405) Lease bonus
20161 (6507) Section 1245 gain
20163 (6405) Total estimated payments
Credits
20165 Jobs credit
20167 Contributions to educational institutions
20169 Investment in qualified capital companies
20171 Hiring unemployed and JOBS participants
20173 Hiring AFDC recipients
20177 Local inventory property tax credit
20179 Qualified recycling equipment credit
20181 Alternative fuels for motor vehicles
20183 Equipment to recover/recycle CFCs
20185 Playground donation
20187 Employer's bone marrow donor program
20189 Motion picture investor's credit
20191 Employee basic training skills program
20195 Employment of first time drug offenders
20196 Telecommunication
20197 Tax credits on certain vessels

For additional information concerning special allocation and the various special allocation methods, refer to the instructions for the sections in the federal Special Allocations category, Special Allocations worksheet.


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