IDAPA 35.01.01.017 — TREATMENT OF THE SECTION 965 OF THE INTERNAL REVENUE CODE INCREASE IN

SUBPART F INCOME AND RELATED EXCLUSIONS (RULE 017).
Section 63-3002, Idaho Code
Subpart F income as defined in Section 952, Internal Revenue Code, is gross income under Section 951(a), Internal
Revenue Code, and included in a taxpayer's taxable income under the Internal Revenue Code. Idaho taxpayers must
include the Section 965, Internal Revenue Code, increase in their subpart F income (Section 965(a) reduced by
Section 965(c), Internal Revenue Code), when computing their Idaho taxable income regardless of how such income
is reported to the Internal Revenue Service on the federal income tax form.
(4-6-23)