Schedule A (Form 740-Np) - Itemized Deductions - 2015 Page 2

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SCHEDULE A (Form 740-NP) 2015
Page 2
*1500030050*
42A740-NP-A
ITEMIZED DEDUCTIONS LIMITATION SCHEDULE—Use this schedule if the federal adjusted gross income on
Form 740-NP , line 8, exceeds $184,000 ($92,000 if married filing separate returns).
If married filing separate returns but combining itemized deductions on one Schedule A, enter the percent of your separate income
(Form 740-NP , line 8) to joint or combined federal adjusted gross income.
If single, married filing a joint return or married filing separate Schedules A, enter 100%.
%
1. Multiply the amount on Schedule A, line 32, by the percent of income shown above ..................................... 1.
.00
2. Add the amounts on Schedule A, lines 4, 14 and 23, plus any gambling losses included on line 31
and multiply by the percent of income shown above ......................................................................................... 2.
.00
Note: Be sure your total gambling losses are clearly identified on line 31.
3. Subtract the amount on line 2 from the amount on line 1. If the result is zero or less, enter -0- ..................... 3.
.00
4. Multiply the amount on line 3 above by 80% (.80) .................................................... 4.
.00
5. Enter the amount from Form 740-NP , line 8 ............................................................... 5.
.00
6. Enter $184,000 ($92,000 if married filing separate returns) ..................................... 6.
.00
7. Subtract the amount on line 6 from the amount on line 5. If the result
is zero or less, enter -0- ................................................................................................ 7.
.00
8. Multiply the amount on line 7 above by 3% (.03) ...................................................... 8.
.00
9. Compare the amounts on lines 4 and 8 above. Enter the smaller of the two amounts here ........................... 9.
.00
10. Total itemized deductions. Subtract the amount on line 9 from the amount on line 1. Enter the result
here and on Form 740-NP , line 11 ........................................................................................................................... 10.
.00

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