AR1100REC: Reconciliation Schedule (2024)
Arkansas · Arkansas DFA · Used for tax years 2024
Form AR1100REC is the Arkansas Corporation Income Tax Reconciliation Schedule. It reconciles federal interest income, tax deductions, and depreciation deductions to Arkansas amounts for Form AR1100CT or Form AR1050.
What you'll need
Have the following information available to complete AR1100REC:
- Your name and FEIN.
- Federal Form 1120 or Form 1065 for the interest income, taxes and licenses, and depreciation amounts referenced on the schedule.
- Federal Form 4562 for total federal depreciation, the Section 179 deduction, and bonus depreciation amounts.
- Amounts for the Arkansas adjustments listed in Parts A, B, and C, including depreciation included in cost of goods sold or elsewhere.
The form calls for attached schedules for U.S. obligation interest income in Part A, line 3, and the Arkansas depreciation adjustment in Part C, line 8.
Questions people ask
What does AR1100REC reconcile?
The schedule has three parts: interest income, the taxes deduction, and the depreciation deduction. Each part calculates an Arkansas amount using federal amounts and the adjustments listed on the form.
How does Part A calculate Arkansas taxable interest income?
Start with interest income from federal Form 1120, line 5, or Form 1065, Schedule K, line 5. Add non-Arkansas municipal interest income and subtract U.S. obligation interest income. Attach a schedule for the U.S. obligation interest income.
How does Part B calculate the Arkansas deduction for taxes?
Start with the taxes and license deduction from federal Form 1120, line 17, or Form 1065, line 14. Add foreign taxes not included on the federal forms, then subtract Arkansas income tax.
Where do I enter the final Arkansas amounts?
- Interest income: Enter Part A, line 4, on Form AR1100CT, line 5, or Form AR1050, page 4, line 4.
- Taxes deduction: Enter Part B, line 4, on Form AR1100CT, line 17, or Form AR1050, line 16.
- Depreciation deduction: Enter Part C, line 11, on Form AR1100CT, line 20, or Form AR1050, line 19.