Form 1040me - Maine Individual Income Tax - Long Form

SCHEDULES 1 & 2

2006

See instructions on pages 9 and 10.

Enclose with your Form 1040ME

*0602102*

Attachment Sequence No.

Name(s) as shown on Form 1040ME

Your Social Security Number

SCHEDULE 1 — INCOME MODIFICATIONS

1 ADDITIONS to federal adjusted gross income.

a Income from municipal and state bonds, other than Maine .................................................. 1a

b Net Operating Loss Recovery Adjustment (Attach a schedule showing your calculation) ... 1b

c Maine State Retirement Contributions .................................................................................. 1c

d Domestic Production Activities Deduction Add-back (See instructions) ............................... 1d

e Section 179 Expense Add-back (See instructions) ............................................................... 1e

Fiduciary Adjustment - additions only (Attach a copy of your federal Schedule K-1) ........... 1f

g Other (See instructions). List the type and amount of income items included (Attach

supporting documentation) ________________________________________ .............. 1g

h Total additions (Add lines 1a through 1g) ............................................................................. 1h

2 SUBTRACTIONS from federal adjusted gross income.

a U.S. Government Bond interest included in federal adjusted gross income ........................ 2a

b State Income Tax Refund (Only if included in federal adjusted gross income) ..................... 2b

c Social Security and Railroad Retirement Beneﬁ ts included in federal adjusted gross

income (See instructions) ..................................................................................................... 2c

d Pension Income Deduction (Complete and attach the worksheet on back) ......................... 2d

e Interest from Maine Municipal General Obligation and Private Activity Bonds included in

federal adjusted gross income .............................................................................................. 2e

Premiums for Long-Term Care Insurance (Do not include health insurance premiums on this line)

NOTE: If you itemize deductions or are self-employed, complete and attach the worksheet on back . 2f

g Maine State Retirement System Pick-Up Contributions paid to the taxpayer during 2006

which have been previously taxed by the state .................................................................... 2g

h Federal Work Opportunity Credit/Empowerment Zone Credit Deduction ............................. 2h

Fiduciary Adjustment - subtractions only (Attach a copy of your federal Schedule K-1) ...... 2i

Bonus Depreciation and Section 179 Recapture (See instructions) ..................................... 2j

k Other. List _______________________________ (See instructions) ............................... 2k

(Do not enter non-Maine source income on line 2k)

Total Subtractions (Add lines 2a through 2k) ........................................................................ 2l

3 Net Modiﬁ cation (Subtract line 2l from line 1h — enter here and on 1040ME, page 1, line 15)

(If negative, enter a minus sign in the box to the left of the number) ................................ 3

SCHEDULE 2 — ITEMIZED DEDUCTIONS

4 Total itemized deductions from federal Form 1040, Schedule A, line 28 ................................... 4

5 a Income taxes imposed by this state or any other taxing jurisdiction or general sales taxes

included in line 4 above from federal Form 1040, Schedule A, line 5. (See instructions if

Form 1040ME, line 14 exceeds $150,500 [$75,250 if Married Filing Separately]) ............... 5a

b Deductible costs, included in line 4 above, incurred in the production of Maine exempt

income (See instructions) ..................................................................................................... 5b

c Amounts included in line 4 that are also being claimed for the Family Development

Account Credit on Maine Schedule A, line 18 ...................................................................... 5c

d Amount included in line 4 attributable to income from an ownership interest in a

pass-through entity ﬁ nancial institution ................................................................................. 5d

6 Deductible costs of producing income exempt from federal income tax, but taxable by

Maine (See instructions) ............................................................................................................ 6

7 Line 4 minus lines 5a, b, c, and d plus line 6. Enter result here and on 1040ME, page 1, line 17 .... 7

Note: If the amount on line 7 is less than your allowable standard deduction, use the standard deduction.

If Married Filing Separately, however, both spouses must either itemize or use the standard deduction.

Form 1040me - Maine Individual Income Tax - Long Form - 2006 Page 3

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