Schedule 2: Separate Entity Filer With Multistate Activity (2025)
West Virginia · WV Tax Division · Used for tax years 2025
West Virginia Schedule 2 of Form CIT-120 is for separate entity filers with multistate activity. It calculates West Virginia net taxable income and adjusted Corporate Net Income Tax using federal taxable income, adjustments, apportionment, allocated income, net operating loss car
Who files this form
The 2025 Schedule 2 is for a separate entity filer with multistate activity. It is part of West Virginia Form CIT-120.
What you'll need
The schedule calls for an attached federal return and says the completed Form CIT-120APT must be attached.
Have these records and figures available to complete the lines:
- Corporation name and FEIN.
- Federal taxable income from the federal return.
- Schedule B, lines 12 and 24, for increasing and decreasing adjustments.
- Form CIT-120APT for nonbusiness income allocations and the West Virginia apportionment factor.
- Schedule NOL, Column 7 total, for the net operating loss carryforward.
- Form CIT-120TC, Total Credit Line, Column 2, for corporate net income tax credits.
Common mistakes
- Leaving out the completed Form CIT-120APT. Line 7 specifically states that this form must be attached.
Questions people ask
How do I calculate income subject to apportionment?
On line 4, add federal taxable income on line 1 to increasing adjustments on line 2, then subtract decreasing adjustments on line 3. Subtract total nonbusiness income allocated everywhere on line 5 from line 4 to get line 6.
Where does the West Virginia apportionment factor come from?
Use Form CIT-120APT, Schedule B, Part 1, Part 2 or Part 3, Column 3. Enter the factor on line 7 and attach the completed Form CIT-120APT.
What tax rate does the 2025 schedule show?
Line 15 shows .065, or 6.5%. Multiply West Virginia net taxable income on line 14 by this rate to calculate the tax on line 16.
Where do I enter the final tax amount?
Subtract corporate net income tax credits on line 17 from the tax on line 16. Enter the result on line 18, then enter that amount on Form CIT-120, page 2, line 9.