Drake Tax - IA - 1040C Composite Return

The IA 1040C is a Composite Individual Income tax return for nonresident partners, shareholders, members or beneficiaries. The IA 1040C is produced if the nonresident member has enough income to create a positive tax.

• The minimum income requirement is met when the taxpayers Iowa source income is reduced by the standard deduction, tax is calculated, the exemption credit is subtracted from the calculated tax, and the Iowa tax due is still greater than $0.00.