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FIT20 Schedule H State Form 44626 (R17 / 818)Indiana Department of RevenueFinancial Institution Tax ReturnMembers of Unitary Group Filing a Combined ReturnIdentify all members of the unitary group
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Chapter 24 - apportionment refers to the section of the tax code that governs how income is divided and taxed across multiple jurisdictions.
Any individual or business that earns income in more than one state or country may be required to file chapter 24 - apportionment.
Chapter 24 - apportionment should be filled out by providing details of income earned in each jurisdiction, calculating the apportionment factors, and determining the amount of income subject to tax in each jurisdiction.
The purpose of chapter 24 - apportionment is to prevent double taxation of income earned in multiple jurisdictions and ensure that income is fairly allocated for tax purposes.
Information such as total income, expenses, apportionment factors, and calculation of taxable income per jurisdiction must be reported on chapter 24 - apportionment.
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