- Line: 7
- Step: 5
- Step Subject: Tax, Non-refundable Credits & Checkoff Contributions
- Instruction Year: 2025
Add lines 5 and 6.
Taxpayers who had a distressed sale in 2025 and have included the gain in Iowa taxable income may be eligible to limit their tax to their net worth immediately prior to the distressed sale. If you qualify, limit the amount on line 7 to your net worth before the distressed sale and include an IA 6251B Balance Sheet or Statement of Net Worth (41-135).