Iowa Dept. of Rev. Ltr. Rul. 10201017 (Mar. 26, 2010)

(IDOR admits error in denying capital gains deduction claimed on taxpayer's 2006 Iowa return; business assets that are held by the business for more than one year are eligible for the capital gain deduction if the business was held for at least 10 years and the taxpayer satisfied the material participation requirement for those 10 years). 

CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.

RSS​ Facebook Twitter