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Iowa Form 6251B Statement of Net Worth

Article ID: 59048 Print
Question
Who should complete Iowa Form 6251B Statement of Net Worth?

Answer

Complete each section as instructed below. Be sure to include the personal and business assets and liabilities of both spouses. IA 6251B should be completed by those eliminating the distressed sale transaction from net income and those limiting their tax liability to their net worth.

Note: The balance sheet should be completed on the basis of the accounting method (cash or accrual) used by the taxpayer

 

https://tax.iowa.gov/sites/default/files/2019-12/IA6251B(41135).pdf


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Article Details
Views: 832 Created on: Jun 15, 2013
Date updated: Dec 30, 2019
Posted in: States, Iowa

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