Idaho Administrative Code › Title IDAPA 35 - Tax Commission, State › Rule 35.01.01 - INCOME TAX ADMINISTRATIVE RULES › Section 35.01.01.252 - NONRESIDENT AND PART-YEAR RESIDENT INDIVIDUALS - ADJUSTMENTS ALLOWED IN COMPUTING IDAHO ADJUSTED GROSS INCOME

Current through August 31, 2023
Section
				63-3026A(6),
				Idaho Code
01.
In
			 General
. Deductions allowed in computing adjusted gross income will be
			 allowed in computing Idaho adjusted gross income unless specifically denied by
			 Idaho law. The amount allowed will be computed as provided in this rule. Each
			 computation in this rule will include the amounts reported for the taxable year
			 unless otherwise indicated. (4-6-23)
02.
Deductions Directly Related to
			 Specific Items of Income or Property
. If the deduction directly relates
			 to a specific item of income or property, the allowable deduction will be
			 computed by dividing the amount of related income reported in Idaho income by
			 the total of such related income reported in federal income. This percentage is
			 multiplied by the deduction to arrive at the amount allowed as an Idaho
			 deduction. If the deduction is related to property that did not generate income
			 during the taxable year, the deduction will be allowed in the proportion that
			 the property to which the deduction relates was located in Idaho. Examples of
			 some of these deductions include the following: (4-6-23)
a. Penalty on early withdrawal of savings.
			 The allowable deduction will be computed by dividing the interest income of the
			 time savings deposit subject to the penalty included in Idaho income by the
			 total interest income of the time savings deposit included in federal income.
			 This percentage is multiplied by the penalty deduction allowed for federal
			 purposes. (4-6-23)
b. Certain
			 business expenses of reservists, performing artists, and fee-basis government
			 officials. (4-6-23)
c. Jury duty
			 pay remitted to an employer. (4-6-23)
d. Deductible expenses related to income from
			 the rental of personal property engaged in for profit. (4-6-23)
e. Reforestation amortization and expenses.
			 The allowable deduction will be computed by dividing the income from the
			 related timber operations included in Idaho income by the total income from the
			 related timber operations. If there is no income from the related timber
			 operations for the year of the deduction, the allowable deduction will be
			 computed based on the percentage of property in Idaho to total property to
			 which the reforestation amortization and expenses relate. This percentage is
			 multiplied by the reforestation amortization and expense deduction allowed for
			 federal income tax purposes. (4-6-23)
f. Repayment of supplemental unemployment
			 benefits. The allowable deduction will be computed by dividing the supplemental
			 unemployment benefits included in Idaho income by the total supplemental
			 unemployment benefits reported in federal income. This percentage is multiplied
			 by the repayment deduction allowed for federal purposes. (4-6-23)
g. Attorney fees and court costs. The
			 allowable deduction will be computed by dividing the total income related to
			 the attorney fees and court costs included in Idaho income by the total income
			 from such actions. This percentage is multiplied by the attorney fees and court
			 costs allowed for federal purposes. (4-6-23)