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This version of the form is not currently in use and is provided for reference only. Download this version of
Form CT-1120DL
for the current year.
Form CT-1120DL Donation of Land Tax Credit - Connecticut
What Is Form CT-1120DL?
This is a legal form that was released by the Connecticut Department of Revenue Services - a government authority operating within Connecticut. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form CT-1120DL?
A: Form CT-1120DL is a tax form used in Connecticut to claim the Donation of Land Tax Credit.
Q: What is the Donation of Land Tax Credit?
A: The Donation of Land Tax Credit is a tax credit offered in Connecticut for land donations made to a municipality or a land trust.
Q: Who can claim the Donation of Land Tax Credit?
A: Individuals, corporations, and pass-through entities who make eligible land donations in Connecticut can claim this tax credit.
Q: What are the eligibility requirements for the Donation of Land Tax Credit?
A: To be eligible for this credit, the land donation must be made to a municipality or a land trust in Connecticut, and it must meet certain conditions set by the state.
Q: How much is the Donation of Land Tax Credit?
A: The amount of the tax credit is equal to a percentage of the appraised value of the donated land, up to a maximum specified by law.
Q: How to claim the Donation of Land Tax Credit?
A: To claim this tax credit, you need to complete and file Form CT-1120DL along with your Connecticut state tax return.
Q: Is there a deadline for claiming the Donation of Land Tax Credit?
A: Yes, the tax credit must be claimed in the same tax year in which the land donation was made.
Q: Are there any limitations or restrictions on the Donation of Land Tax Credit?
A: Yes, there are certain limitations and restrictions on this tax credit, such as the maximum credit amount and carryover provisions. It's recommended to consult the Connecticut tax instructions or a tax professional for more details.
Q: Can I claim the Donation of Land Tax Credit on my federal tax return?
A: No, the Donation of Land Tax Credit is specific to the state of Connecticut and can only be claimed on your Connecticut state tax return.
Form Details:
- Released on December 1, 2021;
- The latest edition provided by the Connecticut Department of Revenue Services;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form CT-1120DL by clicking the link below or browse more documents and templates provided by the Connecticut Department of Revenue Services.
Download Form CT-1120DL Donation of Land Tax Credit - Connecticut
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