Form 1040xn - Amended Nebraska Individual Income Tax Return - 2012 Page 6
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10Line 16, Nebraska Minimum or Other Tax. Use the following worksheet to calculate the amount of Nebraska minimum
or other tax, line 16.
NEBRASKA MINIMUM OR OTHER TAX WORKSHEET
1 . Alternative minimum tax, amount on Federal Form 6251 recalculated for Nebraska
in accordance with
Neb . Rev . Rul . 22-12-1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _______________
2 . Tax on lump-sum distributions (enter federal tax amount from Federal Form 4972)
_______________
3 . Tax on early distributions from an IRA or qualified retirement plan
(enter federal tax amount) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
_______________
4 . SUBTOTAL (add lines 1 through 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
_______________
5 . TOTAL (line 4 multiplied by .296) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _______________
ENTER THIS TOTAL ON LINE 16, FORM 1040XN.
Nonresidents and partial-year residents should enter this result on line 71, Nebraska Schedule III.
Attach a copy of your Federal Form 4972, Form 5329 (Form 1040 if Form 5329 is not required),
or Form 6251 recalculated for Nebraska if you are amending the tax previously reported.
Line 17, Total Nebraska Tax. Enter the sum of lines 15 and 16. If line 17 is changed, and you had previously claimed a
credit for tax paid to another state, enter the revised tax amount on line 57 of Schedule II and complete the rest of the schedule.
Line 19, Nebraska Personal Exemption Credit. Nebraska resident individuals are allowed a personal exemption credit
for each federal personal exemption. The amount is $123 for 2012.
Nonresidents and partial-year residents must claim the personal exemption credit on line 68, Schedule III.
Line 20a, Credit for Tax Paid to Another State. If line 17 is changed, complete Schedule II to determine the amount to
enter on line 20. If the other state’s return is amended or changed by the other state, file Form 1040XN including Schedule II
to report the change. Explain any change in detail in the Explanation of Changes section. Attach a complete copy of the other
state’s return (see
Schedule II
instructions).
Line 20b, Credit for Prior Year Alternative Minimum Tax. A minimum tax must have been reported in a previous
years. The total should be equal to or in excess of the amount of credit claimed in 20b.
Line 21, Credit for the Elderly or the Disabled. Nebraska residents are allowed a nonrefundable credit equal to 100%
of the allowable federal credit. Full-year residents should enter the credit on line 21, and partial-year residents should include
the credit on line 67, Schedule III. If you are correcting this credit, the change must be explained in detail in the Explanation
of Changes section. Attach a copy of the corrected Federal Schedule R.
Line 22, CDAA Credit. Individuals are allowed a credit for contributions made to a community betterment organization
approved by the Department of Economic Development.
Attach the
Nebraska Community Development Assistance Act Credit Computation, Form
CDN, to the Form 1040XN if this
credit is being claimed or amended.
Line 23, Form 3800N Nonrefundable Credit. If you are correcting the amount of Nebraska Employment and Investment
Credit, copies of the original and corrected credit computations (Form 3800N) must be attached.
Line 24, Nebraska Child/Dependent Care Nonrefundable Credit. Nebraska residents and partial-year residents
with AGI of more than $29,000 are allowed a nonrefundable credit equal to 25% of the allowable federal credit. Full-year
residents should enter the credit on line 24 and partial-year residents should include the credit on line 67, Schedule III. If
correcting this credit, the change must be explained in detail in the Explanation of Changes section.
Line 25, Credit For Financial Institution Tax. Attach supporting documentation if this credit is changed.
LINE 27, Nebraska Tax After Nonrefundable Credits. If the result is more than your federal tax liability before credits,
and your adjustments increasing income (Schedule I, line 48) are less than $5,000, see the
Form 1040N
instructions.
Line 28, Nebraska Income Tax Withheld. If you are correcting the amount of income tax withheld and claimed on line
28, you must attach a Nebraska copy of any additional or corrected Wage and Tax Statements, Federal Forms W-2.
Nonresidents must include the credit for Nebraska income tax paid on their behalf by a partnership,
S
corporation, LLC,
estate, or trust
on line 28, as reported on
Schedule
K-1N.
Line 29, 2012 Estimated Tax Payments. Enter the total Nebraska estimated income tax paid for tax year 2012. Include
the overpayment from your previous year filing that was applied to your 2012 estimated tax credit. If you are claiming more
estimated payments than you claimed on the original filing of Form 1040N, you must attach copies of all your payments
(cancelled checks, money orders, e-pay or credit card confirmations).
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