Form Mo-1040b - Missouri Itemized Deductions

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Splitting Your Income
Looks like you are ready to go! Do you have a copy of your 1998 federal return? You will
• Income received from jointly held property must be split by each spouse’s percentage
need it to complete this section. Complete this section before you begin the Income
of ownership in the property.
section of the tax form. The chart provides you with specific line numbers that make it
• Taxable social security benefits must be split between each spouse according to their
easy for you to locate this information on your federal return. When you have finished
percentage of gross social security benefits received for the tax year times Line 13b of
this section, take the numbers from Line 18 and place them on Line 1 of the tax form.
the Federal Form 1040A or Line 20b of the Federal Form 1040.
For each type of income, enter the part of the total that is yours in the “You” column
• The state tax refund should be split according to your last year’s income percentages
and your spouse’s part in the “Your Spouse” column. The following items are special
found on Line 16 of your 1997 Missouri income tax return.
points to keep in mind.
Federal
Federal
Federal
Splitting Your Income
You
Your Spouse
Form 1040EZ
Form 1040A
Form 1040
for Combined Return
Line Number
Line Number
Line Number
1. Wages, salaries, tips, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
7
7
00
1
00
2. Taxable interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
8a
8a
00
2
00
3. Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
9
9
00
3
00
4. State and local income tax refunds . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
none
10
00
4
00
5. Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
none
11
00
5
00
6. Business income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
none
12
00
6
00
7. Capital gain or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
none
13
00
7
00
8. Other gains or (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
none
14
00
8
00
9. Taxable IRA distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
10b
15b
00
9
00
10. Taxable pensions and annuities . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
11b
16b
00
10
00
11. Rents, royalties, partnerships, S corporations, trusts, etc. . . . . . . . .
none
none
17
00
11
00
12. Farm income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
none
18
00
12
00
13. Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
12
19
00
13
00
14. Taxable social security benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
13b
20b
00
14
00
15. Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
none
none
21
00
15
00
16. Total (add Lines 1 through 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
14
22
00
16
00
17. Less: federal adjustments to income . . . . . . . . . . . . . . . . . . . . . . . . .
none
17
32
00
17
00
18. Federal adjusted gross income (Line 16 less Line 17)
Enter amounts here and on Line 1 of Form MO-1040B . . . . . . . . . .
4
18
33
00
18
00
You have just found the answer to
Question Number 1 on Form MO-1040B.
D.
Why do my spouse and I have to split our income on the Missouri
Frequently Asked
tax form?
It is to your benefit to split the income between you and your spouse. It
Questions of the Missouri
reduces the rate at which your combined incomes are taxed.
Form MO-1040B
E.
What was my income on my 1998 federal return?
The combined income for you and your spouse must equal the income you
A.
How do I know if I am 100% disabled?
reported on your federal return. To help split the income, a worksheet has
been provided above. Don’t forget to complete the worksheet before you
You are disabled if you are unable to engage in any substantial gainful activity
begin the form. This will give you the answer you need.
by reason of any medically determinable physical or mental impairment which
can be expected to result in death or which has lasted or can be expected to
Can I subtract my state tax refund?
F.
last for a continuous period of not less than twelve months.
Missouri does not consider any state refund taxable. If you itemized on last
year’s federal return, you may subtract this amount from your federal income
Why is the department asking if I’m 100% disabled?
B.
to arrive at your Missouri income. See Federal Form 1040, Line 10.
The Missouri Legislature passed a law that requires the department to contact
taxpayers that may be eligible to claim a Property Tax Credit (PTC). The
How do I figure my Missouri income percentage?
G.
department will use the 100% disabled information to contact taxpayers who
Take the income you figured for yourself on Line 3 and divide by the total
may be eligible to claim the PTC for property tax or rent paid on their home.
found on Line 4. Then do the same for your spouse’s income on Line 3. The
total of the two must equal 100%. (Round to the nearest whole number.)
C.
Why would I check myself as a non-obligated spouse?
Yourself
Line 3 divided by Line 4 = ______
If your spouse owes the state of Missouri any child support payments, back
Your spouse
Line 3 divided by Line 4 = ______
taxes, student loans, etc., you may want to check this box. By doing so,
Missouri will not use your portion of any refund to pay those amounts owed by
H.
What is my federal income tax deduction?
your spouse.
Missouri allows you a deduction for the federal income taxes you paid. The chart
The non-obligated spouse apportionment applies only to state agencies. The
below shows you how to figure this deduction from your federal return. Place
this number in the first box, but you can only claim a maximum of $10,000. You
Internal Revenue Service is not a state agency and debts owed to the IRS are
excluded from the non-obligated spouse apportionment.
may only place the lower of these two numbers in the second box. (Don’t use

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