Instructions For Form Ct-1040 - Connecticut Resident Income Tax - 2011 Page 26

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8. Subtract the amount of any interest, dividends, or capital
• Gambling winnings from a state-conducted lottery. See
gains earned on contributions to accounts established for
Informational Publication 2011(28), Connecticut Income
a designated benefi ciary under the Connecticut Homecare
Tax Treatment of State Lottery Winnings Received by
Option Program for the Elderly to the extent the interest,
Residents and Nonresidents of Connecticut; or
dividends, or capital gains are properly included in the
• Income from real or tangible personal property situated in
gross income of the designated benefi ciary for federal
a qualifying jurisdiction.
income tax purposes.
Income from intangibles, such as stocks and bonds, is not
Do not use Line 49 to subtract income subject to tax in a
considered derived from or connected with sources within
qualifying jurisdiction (see Schedule 2 - Credit for Income
a qualifying jurisdiction unless the income is from property
Taxes Paid to Qualifying Jurisdictions, below) or income of
employed in a business, trade, or profession carried on in
a nonresident spouse. See Spouses With Different Residency
that jurisdiction.
Status on Page 18.
What Payments Do Not Qualify
Line 50: Total Subtractions
• Income tax payments made to a qualifying jurisdiction on
Add Lines 40 through 49 and enter the total.
income not derived from or connected with sources within
the qualifying jurisdiction (such as wages not derived from
or connected with sources within the qualifying jurisdiction);
Schedule 2 - Credit for Income Taxes Paid to
Qualifying Jurisdictions
• Income tax payments made to a qualifying jurisdiction on
income not included in your Connecticut adjusted gross
You must fi rst complete Form CT-1040, Schedule 3 - Credit
income;
for Property Taxes Paid on Your Primary Residence, Motor
• Income tax paid to a jurisdiction that is not a qualifying
Vehicle, or Both, before completing Schedule 2. See the
jurisdiction, including a foreign country or its provinces
instructions for Schedule 3 - Property Tax Credit on Page 29.
(for example, Canada and Canadian provinces);
Am I Eligible for the Credit for Income Taxes Paid
• Alternative minimum tax paid to a qualifying jurisdiction;
to Qualifying Jurisdictions
• Income tax paid to a qualifying jurisdiction if you claimed
If you are a resident of Connecticut and if any part of your
credit on that jurisdiction’s income tax return for income
income was taxed by a qualifying jurisdiction, you may
tax paid to Connecticut; or
be able to claim a credit against your Connecticut income tax
• Penalties or interest on income taxes you paid to a qualifying
liability for qualifying income tax payments you have made.
jurisdiction.
Taxpayers seeking a credit for alternative minimum taxes
Limitations to the Credit
paid to another jurisdiction must complete Form CT-6251,
The total credit is limited to whichever of the following
Connecticut Alternative Minimum Tax Return - Individuals, to
amounts is least:
calculate their alternative minimum tax credit.
• The amount of income tax paid to the qualifying jurisdiction;
Qualifying Jurisdiction
• The portion of Connecticut income tax due on the
A qualifying jurisdiction includes another state of the United
Connecticut adjusted gross income sourced in the qualifying
States, a local government within another state, or the District
jurisdiction; or
of Columbia. A qualifying jurisdiction does not include the
State of Connecticut, the United States, or a foreign country
• The amount of your Connecticut income tax entered on
or its provinces (for example, Canada and Canadian provinces).
Form CT-1040, Line 6.
Qualifying Income Tax Payments
How to Calculate the Credit
Qualifying income tax payments are income taxes you
You must first complete your income tax return(s)
actually paid on income:
for the qualifying jurisdiction(s). Then complete the
Schedule 2 - Worksheet on Page 28 to determine the amount
• Derived from or connected with sources within the
to enter on Schedule 2, Line 53.
qualifying jurisdiction; and
The allowed credit must be separately computed for
• Subject to tax in the qualifying jurisdiction.
each qualifying jurisdiction. Use separate columns for
Income Derived From or Connected With Sources
each qualifying jurisdiction for which you are claiming a
Within a Qualifying Jurisdiction
credit. Attach a copy of all income tax returns fi led with
• Compensation received for personal services performed in
qualifying jurisdictions to your Connecticut income tax
a qualifying jurisdiction;
return or the credit will be disallowed.
• Income from a business, trade, or profession carried on in
Schedule 2 provides two columns, A and B, to compute
a qualifying jurisdiction;
the credit for two jurisdictions. If you need more than two
Page 26

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