Instructions For Schedule Nr - 2012 Page 2
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5Instructions - South Carolina Form Schedule NR
sold while a resident of South Carolina must also be included
Line 17 - EDUCATOR EXPENSES
in Column B. Any gain or loss reported in Column B must be
supported by the appropriate federal schedules showing
If you qualify for an educator expenses deduction for federal
location of business or property.
purposes, you are allowed a deduction in Column B. Use the
following formula:
Lines 9 and 10 - TAXABLE AMOUNTS OF IRA
DISTRIBUTIONS, PENSIONS AND ANNUITIES
SC Total Income
SC Adjustment
Line 17
(line 16, Column B)
in Column B
Report in Column B, taxable amounts while a resident of South
=
X
Column A
Federal Total Income
Carolina.
(line 16, Column A)
Line 11 - RENTAL REAL ESTATE, ROYALTIES,
PARTNERSHIPS, ESTATES, TRUSTS, ETC.
Line 18 - CERTAIN BUSINESS EXPENSES OF
RESERVISTS, PERFORMING ARTISTS AND
Enter in Column B, only the income or loss from property
located in South Carolina and/or from doing business in
FEE-BASED GOVERNMENT OFFICIALS
South Carolina. Indicate losses in brackets.
Line 12 - FARM INCOME OR (LOSS)
SC Total Income
(line 16, Column B)
Line 18
SC Adjustment
X
Enter in Column B only the income or loss incurred from a farm
Column A
=
in Column B
Federal Total Income
located within South Carolina. Indicate your farm loss in
(line 16, Column A)
brackets.
NOTE: As of January 1, 2009, a S.C. business must add back
any amount paid for services performed by an unauthorized
Line 19 - HEALTH SAVINGS ACCOUNT
alien if the amount is $600 or more a year. See line 6
instructions for more information.
SC Compensation
Line 19
SC Adjustment
X
Line 13 - UNEMPLOYMENT COMPENSATION
Column A
=
in Column B
Federal Compensation
Enter in Column B the portion of unemployment compensation
paid from South Carolina or received while a resident of South
Compensation includes wages, salaries, commissions, tips,
Carolina.
professional fees, bonuses, and other amounts you received
Line 14 - TAXABLE AMOUNT OF
for providing personal services including self-employment
income.
SOCIAL SECURITY BENEFITS
Social Security and railroad retirement are not taxed by South
Line 20 - MOVING EXPENSES
Carolina. Do not enter any of these amounts in Column B.
If you had allowable moving expenses on your federal Form
1040 and if your move was into or within South Carolina,
Line 15 - OTHER INCOME
you are allowed a full moving expense adjustment in
Column B. If you moved out of South Carolina, your expenses
Enter in Column B any other income for which there is no line
are not deductible.
provided on the return. Other income includes prizes, awards,
gambling winnings, director's fees, etc. earned while a resident
Lines 21 through 23
of South Carolina or from sources within South Carolina.
Net operating losses may be claimed on line 15 by inserting
If you have self-employment income derived from other states
"NOL" in the margin and entering the loss in Column B. Attach
as well as South Carolina, use the following formula to prorate
a schedule detailing the loss. South Carolina does not
the federal adjustment reported in Column A in order to
allow carryback of net operating loss (NOL).
determine the South Carolina adjustment in Column B.
Line 16 - TOTAL INCOME
Federal
SC self-employment
Total each column of figures from A and B, lines 1 through 15.
SC Adjustment
Adjustment
income
=
Enter the amounts in the appropriate columns on line 16.
in Column B
X
Column A
Total self-employment
NOTE: Subtract items in brackets.
income
ADJUSTMENTS TO INCOME
Line 24 - PENALTY ON EARLY
WITHDRAWAL OF SAVINGS
This section involves federal adjustments to gross income.
Enter amounts from your federal return in Column A. Enter the
Enter in Column B any penalty for early withdrawal of savings
portion that applies to South Carolina in Column B. The SC
taxable to South Carolina.
adjustments in lines 17-30 cannot exceed 100% of the federal
adjustment.
Line 25 - ALIMONY PAID
NOTE: The deductions for lines 17 and 28 Column B, are
subject to South Carolina conforming to the applicable
If you paid alimony which qualified as an adjustment for federal
Internal Revenue Code sections.
tax purposes, you may take an adjustment in Column B. Use
the following formula:
SC Total Income
Line 25
SC Adjustment
(line 16, Column B)
X
=
Column A
in Column B
Federal Total Income
(line 16, Column A)
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