Form Mo-1040 - Individual Income Tax Return - Long Form - 2007 Page 35
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44L
11 — O
Y
H
INE
WN
OUR
OME
If you owned and occupied your home,
2007
include the amount of real estate tax you
paid. Do not include special assessments
(sewer lateral), penalties, service charges,
and interest listed on your tax receipt.
You can only claim the taxes on your pri-
mary residence that you occupy. Second-
ary homes don’t apply.
I
f your home is more than five acres or
you own a mobile home, attach Form
948, Assessor’s Certification. Your
county assessor will complete the form
upon your request. If you own a mobile
home, the Form 948 must show only the
value of the mobile home. Vehicles and
other items on the personal property
receipt are not allowed on the credit.
If you submit more than one receipt for a
city or county for your residence, please
submit a letter of explanation.
If you share a home, report only the
portion of real estate tax that was actually
paid by you.
If you sold your home during the year,
attach a copy of the seller’s agreement.
Helpful Hint
Real estate tax paid for a prior year
cannot be claimed on this form. To
claim real estate taxes for a prior year,
you must file a claim for that year.
L
7 — N
L
(
)
L
6 — P
A
INE
ONBUSINESS
OSS
ES
INE
UBLIC
SSISTANCE
Complete Line 7 only if nonbusiness losses
Include the amount of public assistance, sup-
L
12 — R
Y
H
reduced the amount reported on Form
INE
ENT
OUR
OME
plemental security income (SSI), child
MO-PTS, Line 1. If Line 1 was reduced by
support, unemployment compensation, and
Complete one Form MO-CRP, Certification of
nonbusiness losses, add back the amount
Temporary Assistance payments received by
Rent Paid, for each rented home (including
of the loss on Line 7 (as a positive amount).
you and/or your minor children. Temporary
A nonbusiness loss is a loss of income that
mobile home and/or lot) you occupied during
Assistance payments include Temporary
did not result from a trade or business.
2007. The Form MO-CRP is on the back of
Assistance for Needy Families (TANF) pay-
(Losses from Federal Form 1040, Schedule
the Form MO-PTS. If two or more unmarried
ments. In Missouri, the program is referred to
F and Schedule C are considered business
individuals over 18 years of age share a resi-
losses and should not be included here.)
as Temporary Assistance (TA). This includes
dence and each pay part of the rent, only the
any governmental cash received. Do not
L
9 — M
INE
ARRIED
portion actually paid by the claimant can be
include the value of commodity foods, food
If you are married, filing a combined claim
stamps, or heating and cooling assistance.
claimed. If the rent receipt or lease is for the
with your spouse, enter $2,000 and be
Attach a copy of Form SSA-1099(s), a letter
total rent amount, then the percentage on Line
sure to include both incomes on Lines
from the Social Security Administration
1–6. If you are single, enter “0”. (If you
G of the Form MO-CRP must be used to deter-
and/or Social Services that includes the total
are married—living separate for entire
mine your credit. Additional persons sharing
year, and you are filing a separate Form
amount of assistance received, and
rent/percentage to be entered: (1 person—
MO-PTS, enter “0”.)
Employment Security 1099, if applicable.
Note: Your home or dwelling is the
place in which you reside in Missouri,
Helpful Hints
Helpful Hint
whether owned or rented, and the sur-
• Supplemental security income (SSI) is
The percentage of your home that is
rounding land, not to exceed five
paid by the Social Security
used for business purposes, must be
acres, as is reasonably necessary for
Administration. You have to request an
subtracted from your real estate taxes
use of the dwelling as a home. A
SSI form indicating total benefits
paid. If you need to use a Form 948 to
home may be part of a larger unit such
received from your local social security
calculate the amount of real estate tax,
office. The form should be stamped or
as a farm or building partly rented or
you must subtract the percentage of
signed by the Social Security Adminis-
used for business. It may be a room in
your home that is used for business
tration. If you have minor children who
a nursing home, an apartment, or a
purposes from the allowable real estate
receive SSI benefits, the children do not
mobile home unit.
qualify for a credit. However, if you
taxes paid calculated on the Form 948.
qualify for a credit, you must include
Example: Ruth has 10 acres
the children’s SSI benefits on Line 6.
Helpful Hints
surrounding her house. She needs to
• If you receive temporary assistance from
• If you own your home and other
use a Form 948, because she is only
the Children’s Division (CD) or Family
adults (other than spouse) live there
entitled to receive credit for 5 acres. By
Support Division (FSD), you must
and pay rent, the rent must be
her calculations, she enters $500 on
include all cash benefits received for
included in your federal adjusted
your entire household. The Department
Form 948, Line 6. Ruth also uses 15%
gross income.
of Revenue verifies this information and
of her house for her business. She will
failure to include total benefits may delay
multiply $500 by 85% and enter this
your refund.
figure ($425) on Form MO-PTS, Line 11.
35
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial