LOSS IN SECOND PRECEDING TAX YEAR To qualify for the QIE, you must have had an Idaho income tax loss without regard to net operating loss carryovers or carrybacks in the second proceeding tax year from the income tax year you placed the property in service. If you file income tax returns on a fiscal year basis, see the instructions to determine your qualifying loss years. County assessors are allowed to check with the State Tax Commission to verify you had a loss in the applicable year(s).

Back