Additions

Federal Net Operating Loss Carry-Over
Generally the allowable federal net operating loss carryover is not the same amount allowed on the Idaho return. Therefore, you must enter any net operating loss carryover included on your federal return. The allowable Idaho net operating loss carryover will then be claimed as a subtraction.

Idaho College Savings Account Withdrawal
If you make a nonqualified withdrawal from an Idaho college savings account, enter the amount withdrawn less any amounts reported on your federal Form 1040.

Idaho Medical Savings Account Withdrawals
If you withdraw funds from an Idaho medical savings account and do not use the funds to pay eligible medical expenses, the withdrawal is subject to Idaho tax. Report this amount as an other addition. Eligible medical expenses include medical, vision and dental care, medical insurance premiums, and long-term care expenses.

If you make a withdrawal that is subject to tax and you are under age 59 1/2, the withdrawal is subject to penalty. The penalty is 10% of the amount withdrawn. OnLine Taxes will compute this penalty for you.

Partner and Shareholder Additions
Partners and shareholders must include their share of the Idaho additions to partnership and S corporation income not included on the federal Schedule K-1. This information is available from the preparer of the partnership or S corporation return. For example: Interest income from other state governments not taxable for federal purposes is not included on a federal Schedule K-1. The partner or shareholder must report that interest income here.

Federal Bonus Depreciation
If you are depreciating property for which you claimed the bonus depreciation in the current year or a previous year for federal purposes:

Complete a separate federal Form 4562 or detailed computation for Idaho depreciation purposes as if the special depreciation allowance had not been claimed.

Compute the Idaho adjusted basis and any gains or losses from the sale or exchange of the property using the Idaho depreciation amounts.

Enter the differences between the Idaho and federal depreciation amounts and gains and losses from sales or exchanges of the property on the applicable new bonus depreciation addition or subtraction.

If the federal depreciation (including gains and losses) is more than the Idaho depreciation (including Idaho gains and losses), include the difference as an addition.

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