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2000 Resident or Non-Resident/Part-Year Resident Income Tax Instructions

payments. The recipient of alimony must include the amount

Income

received in gross income. For Alimony Paid, see the instructions

for Line 49.

NOTE: Married individuals with separate incomes electing to

file a combined return (both spouses having earned incomes)

Line 39 - Business Income or Loss (Line 38 on NR Return)

should separate their incomes beginning with Line 15, and

If you owned a business or practiced a profession, complete

throughout the return in order to take advantage of the lowest

Federal Schedule C, and attach it with your return. Enter your

tax rates.

profit or loss from Schedule C on this line. If you had more than

one business, or if you and your spouse had separate businesses,

Line 15 - Wages, Salaries, Tips, Etc.(Line 34 on NR Return)

complete a Schedule C for each business.

If some of your

Show the total of all wages, salaries, fees, compensation, com-

expenses are part business and part personal, you can only deduct

missions, tips, bonuses, and other amounts your employers paid

the business part as a business expense.

you before they deducted taxes, insurance, etc.

Include in this

total:

Line 40 - Capital Gain or Loss (Line 39 on NR Return)

The amount shown on your Wage and Tax Statements (Form

Mississippi generally follows IRS rules concerning capital gains

W-2s) in the box "Wages, tips and other compensation."

and losses.

For further details see Federal Schedule D

Wages you received but for which you do not have a Wage and

instructions.

Capital loss deductions are subject to limitations

Tax Statement.

similar to Federal limitations. Effective January 1, 1994, sales of

Tips you did not report to your employer.

ownership interests in domestic (Mississippi) corporations,

Fair market value of meals and living quarters if given by your

domestic (Mississippi) limited partnerships, and domestic

employer as a matter of your choice and not for your employer's

(Mississippi) limited liability companies are exempt from income

convenience.

tax. Domestic means that the entity was formed under the

Strike and lockout benefits paid by a union from union dues,

laws of the State of Mississippi. Effective 3/18/97 gains from

including both cash and the fair market value of goods received,

the sales of ownership interests must first be reduced by the

unless the facts clearly show that such benefits were intended

amount of any losses determined from sales or transactions

as a gift.

described in section 27-7-9(f)(10)(A). If you received only capital

Include any W-2s with your return. Staple the W-2s to the back

gain distributions and do not need to file Federal Schedule D to

of your return.

report any other gains or losses, enter the gain reported to you on

this line.

Line 16 - Other Income

Line 41 - Total Pensions and Annuities (Line 40 on NR Return)

Complete Schedule of Other Income on Page 2 of Form 80-105.

Enter the total amount of pensions and annuities received on this

Enter the total amount from Schedule of Other Income, Page 2,

line. Pensions and annuities that are taxable as early or excess

Line 45 here. See the instructions that follow for completing

distributions under the Federal Internal Revenue Code (see Federal

Schedule of Income, Page 2, Lines 36 through 45 (Lines 34

Form 5329) do not qualify for exemption from Mississippi income

through 44 on NR Return)

tax. Such income should be reported on this line as taxable

income. Separation pay is not retirement income and does not

Schedule of Other Income

qualify for exemption. Deferred compensation plan distributions

received prior to attainment of retirement age and/or service

Lines 36-45(Lines 34-44 on NR Return) (Page

requirements are taxable for Mississippi purposes and should be

reported on this line. Do not report Social Security benefits, annuity

Note: On Form 80-205, married individuals with separate incomes

benefits received under the federal Railroad Retirement Act, or

electing to file a combined return (both spouses having earned

retirement income on this line. Social Security benefits, Railroad

incomes) should combine their incomes beginning with line 34, and

Retirement benefits, and qualified retirement income from federal,

throughout the schedule to determine Total Income from All

state, and private retirement systems are exempt in total.

Sources and Incomes Earned in Mississippi Only.

Line 42 - Farm Income or Loss (Line 41 on NR Return)

If you are a farmer or rent your farm on shares, complete Federal

Line 36 - Interest Income (Line 35 on NR Return)

Schedule F and attach it to your return. Enter the net farm income

Complete Form 80-135, Page 1, Schedule B, Lines 1 - 4. Enter

interest received or credited to your account during the tax year on

loss on this line. Farm losses claimed by persons who do not

bank deposits, notes, mortgages and corporation bonds. Interest

devote full time to farming will not be allowed unless such person

on bonds is considered income when received or credited. Interest

can clearly establish the fact that he is in the business of farming

income from obligations of the U.S. Government, the State of

for gain or profit.

Mississippi and subdivisions thereof, is exempt.

Interest on

Line 43 - Unemployment Compensation

(Line 42 on NR

obligations of other countries, states, cities, or political subdivisions

Return)

outside Mississippi is taxable. See page 13 for details on Schedule

Enter from Form(s) 1099-G the amount of unemployment

compensation received in 2000. Unemployment compensation is

taxable for Mississippi income tax purposes.

Line 37 - Dividends (Line 36 on NR Return)

Line 44 - Other Income or Loss (Line 43 on NR Return)

Complete Form 80-135, Page 1, Schedule B, Lines 5 -7. Report the

Enter gambling winnings, and income or loss from rents and

amount of all dividends received during your tax year. Dividends

royalties, partnerships, estates, trusts, small business corporations,

include distributions of money as well as property. See page 13 for

or any taxable source for which no place is provided elsewhere on

instructions for Schedule B.

the return. Explain the nature and source of income or loss in

Line 38 - Alimony Received (Line 37 on NR Return)

Schedule N or on Form 80-108, Supporting Schedule for Schedule

Enter the amount received as alimony and separate maintenance

N. Gambling losses are reported on Form 80-135, Page 1,

Page 6

Form 80-100 Instructions - Mississippi Resident And Non-Resident/part-Year Resident Income Tax Forms - 2000 Page 6

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