Schedule Nr - General Instructions (Page 5 of 5) in pdf

Schedule Nr - General Instructions Page 5

purposes without also carrying the loss forward for federal purposes. (Certain specific exceptions may apply for

individuals who incurred losses from an S corporation with assets over $1,000,000 in 1989, 1990, 1991 or

1992).

For additional information on determining what types of income are subject to Maine tax when received by

a nonresident, refer to Rule 806 under “Maine State Tax Rules” on the State’s web site (

REVenue) or you may call (207) 624-7894 or write to the address on the cover.

Attached is a sample return for a part-year resident. The instructions provided within the long form

booklet and this pamphlet should provide you with enough information to complete a Maine return for the Jettsons

from the information provided below:

Jim and Jennifer Jettson are from New York. They have a six-year-old daughter named Jessica. Jim

works as an analyst for a large bank. Effective August 1, 1999, Jim was transferred to Maine while

working for the same employer. Jim and his family moved to Maine and became residents of Maine on

August 1, 1999. After coming to Maine, Jennifer was able to find a job as a supervisor in a local produc-

tion facility.

In 1999, Jim earned a total of $27,895 in wages from the bank. He earned $17,895 in New York and

$10,000 in Maine. Jennifer earned $20,000. From Jim’s pay, $895 was withheld for New York income

taxes and $500 was withheld for Maine income tax. Jennifer had $1,000 withheld from her pay for Maine.

The Jettsons had $600 in interest income throughout the year, $300 of which came from U.S. Government

bonds.

The Jettsons filed a married joint federal income tax return for 1999 and reported federal adjusted gross

income of $46,495. They contributed $2,000 to their IRA for the tax year and had total federal itemized

deductions of $7,649. After moving to Maine, the Jettsons had a forest management firm design a plan for

20 acres of their 30-acre house lot and are entitled to claim a $200 Forest Management Credit on their

Maine income tax return.

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Schedule Nr - General Instructions Page 5