The following changes were not reflected on the forms for 2012 when they went to print.
Select a tax form from the following list to identify the changes affecting that form. If a form is not listed, there have been no changes affecting that form.
- CT-3-S-I
As a result of recent changes made to federal Form 1120S, the instructions for line 22 on page 7 are incorrect. The second to last sentence should read as follows (corrected information is bold):
Include the amount reported on federal Form 1120S, Income section, lines 1c and 5, and the amount that you would have reported on federal Form 1120, Income section, lines 6 and 7.
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CT-47-I
As a result of recent changes made to federal Form Schedule D (Form 1120) there are errors in the instructions for Form CT-47, Claim for Farmers' School Tax Credit. Line 2 of Worksheet B and the line 2 instructions on page 3 are incorrect and should read as follows:
Worksheet B
2 Add the gain (not loss) amounts on federal Schedule D (Form 1120), column (h), lines 1, 2, 3, 4, 5, 8, 9, 10, 12, 13, and 14
Instructions for Worksheet B
Line 2 - Include on line 2 only gains used in figuring the amounts reported in column (h) of Schedule D. You cannot net loss transactions against gain transactions.
Other information