Iowa Dept. of Rev. Rul. No. 11201054 (Sept. 20, 2011)

(capital gain deduction denied on 2006 state return because such gain was ordinary income and not capital in nature; amount shown was from line 13 of Form 4797 and line 7 of IA 1040; property held for more than 10 years, 100 percent of business sold and material participation test satisfied; line 13 of Form 4797 refers to "ordinary income" and only gains reported as capital gains qualify for capital gains deduction; no relief for costs and fees).