Worksheet For Form 1040me, Schedule A, Line 14 - 2012 Page 5
Download a blank fillable Worksheet For Form 1040me, Schedule A, Line 14 - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Worksheet For Form 1040me, Schedule A, Line 14 - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5active or reserve components of the U.S. armed services under a survivor
Line 2e. Enter premiums for long-term care insurance. If
benefi t plan or reserve component survivor benefi t plan in accordance with
2011 federal Form 6251, line 2 is greater than zero, complete the
worksheet for line 2e on page 2. To qualify, the insurance policy on
10 USC, Chapter 73 • recovery amounts included on 2011 federal Form
which the premiums are paid 1) must meet the federal defi nition
1040, line 21 related to items previously deducted on your federal
for a long-term care insurance contract (IRC § 7702B(b)) (these are
return but not on your Maine return in an earlier year, such as real
long-term care premiums that generally qualify for federal itemized
estate taxes • discharge of indebtedness amounts included in the
deductions), or 2) be certifi ed by the Maine Bureau of Insurance.
Exclusion Items Worksheet, line a, deferred for federal alternative
Premiums claimed must be reduced by any premiums claimed as
minimum tax purposes but not Maine alternative minimum tax
Maine itemized deductions and by any premiums included in the
purposes during 2009 or 2010 • the amount of loan payments made
federal self-employed health insurance deduction claimed on 2011
by employers included in the Exclusion Items Worksheet, line a, of
federal Form 1040, line 29.
individuals qualifi ed for the Opportunity Maine Credit • the amount
of the reduction in your salaries and wages expense deduction
Line 2f. Use this line only if you retired after 1988 and received
directly related to claiming the federal Work Opportunity Credit or
retirement benefi ts from the Maine Public Employees Retirement
Empowerment Zone Credit to the extent allowed against the 2011
System (MePERS) in 2011. Subtract the amount in box 14 from the
federal alternative minimum tax. These amounts are reported on
amount in box 2a on your 2011 Form 1099-R issued by MePERS.
2011 federal Form 5884, line 2 or 2011 federal Form 8844, line 2
Also enter on this line MePERS rollover amounts previously taxed
(owners of pass-through entities, enter your share of the amount
by the state under the Maine alternative minimum tax, whether or not
from line 3 of these forms to the extent not included on line 2). Note:
included in federal alternative minimum taxable income. Generally,
do not enter wage amounts from Form 8844 related to the federal
this is the amount from 2011 Form 1040ME, Schedule 1, line 2g.
Renewable Community credit. • settlement payments received by
Holocaust victims that are included in the Exclusion Items Worksheet,
Line 2g. Enter up to $250, per benefi ciary, of contributions made
line a • account proceeds from a Family Development Account
in 2011 to a Maine or non-Maine qualifi ed tuition program (“529
administered by FAME • earnings from fi shing operations that were
college savings plan”) only if your 2011 federal adjusted gross income
contributed to a capital construction fund • the amount of military
is not more than $100,000 if single or married fi ling separately or
retirement benefi ts not included in the pension income deduction
$200,000 if married fi ling joint or head of household. Generally, this
on line 2d received by certain licensed dentists who practice an
is the amount from 2011 Form 1040ME, Schedule 1, line 2h.
average of 20 hours or more per week in Maine and accept patients
Line 2h. Enter your share of the 2011 fi duciary adjustment
who receive MaineCare benefi ts • income from investments in the
(subtraction modifi cations) relating to income from an estate or
Northern Maine Transmission Corporation • up to $750 of property
trust (36 M.R.S.A. § 5122(3)) to the extent allowable for the 2011
tax benefi ts provided by municipalities to senior citizens pursuant to
Maine alternative minimum tax. Attach a copy of your 2011 federal
36 M.R.S.A. § 6232(1-A) to the extent included in the Exclusion Items
Schedule K-1. Generally, this is the amount from 2011 Form 1040ME,
Worksheet, line a • interest income and capital gains from the sale of
Schedule 1, line 2i.
bonds issued relative to the Maine Waste Management & Recycling
Program to the extent included in the Exclusion Items Worksheet,
Line 2i. Bonus depreciation/section 179 expense recapture
line a • all items of income, gain, interest, dividends, royalties and
amounts required to be added to income under 36 M.R.S.A. §§
other items of income of a fi nancial institution subject to the Maine
5122(1)(N), 5122(1)(AA) or 5200-A(1)(N) (with respect to individual
franchise tax that are included in the Exclusion Items Worksheet,
owners of certain electing S corporations) for Maine alternative
line a, due to an ownership share in the fi nancial institution that is a
minimum tax purposes prior to 2011 may be recaptured. For more
partnership, S corporation, or entity disregarded as separate from
information and examples, visit
its owner • the total of capital gains and ordinary income resulting
(select Income Tax Guidance Documents).
from depreciation recapture pursuant to Code sections 1245 and
Line 2j. Other Subtractions. Unless specifi cally stated, do not
1250 realized on the sale of multifamily affordable housing property
enter non-Maine income on this line. Enter ONLY items specifi cally
certifi ed by the Maine State Housing Authority. A copy of the MSHA
listed below. NOTE: Maine net operating loss carryover deductions
certifi cate must be attached to the return.
were not allowed for tax years beginning in 2009, 2010 and 2011.
Line 2k. Deductible costs of producing 2011 income exempt
For more information on Maine’s treatment of NOLs, go to
www.
from federal alternative minimum tax but subject to the Maine
maine.gov/revenue/forms
(select Income Tax Guidance Documents).
alternative minimum tax. Enter 2011 interest or other expense
List the source of each amount claimed in the space provided
items attributable to income taxable under the 2011 Maine alternative
and attach supporting documentation when claiming an amount
minimum tax law, but exempt from 2011 federal alternative minimum
on this line. Enter only amounts included in the Exclusion Items
tax. Enter only amounts not included in the Exclusion Items
Worksheet, line a. Enter on this line: • military compensation received
Worksheet, line a.
by a nonresident servicemember • military annuity payments made to a
survivor of a deceased member of the military as a result of service in the
5
ADVERTISEMENT
0 votes
Related Articles
Related forms
Worksheet For Form 1040me - Schedule A - Maine Minimum Tax Credit And Carryforward To 2013 - 2012
Financial
Deduction For Exemptions Worksheet For Form 1040me, Schedule Nrh - Maine Revenue Services - 2016
Financial
Related Categories
Parent category: Financial