Form 1041me-General Instructions Page 3
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4SCHEDULE 1 – FIDUCIARY ADJUSTMENT
(Enter combined amounts for both the benefi ciaries and the estate or trust).
For more information on Maine additions to and subtractions from federal taxable income, visit
instead. ENTRIES MUST BE ACCURATE. If unsure what the RTN
documentation when claiming an amount on this line.
is, contact the fi nancial institution.
Line 2. SUBTRACTIONS from federal taxable income. Also
On line 10d, enter the checking account number. The checking
include the taxpayer’s distributive share of subtraction modifi cation
account number can be up to 17 digits long (both numbers and
items from trusts, partnerships and S Corporations where applicable.
letters). Omit hyphens, spaces and special symbols. Enter the
Line 2a. If included in federal taxable income, enter income from
number from left to right and leave any unused spaces blank.
direct obligations of the United States Government, such as
Series EE and Series HH Savings bonds and U.S. Treasury bills
Line 1. ADDITIONS to federal taxable income. Also include the
and notes.
taxpayer’s distributive share of addition modifi cation items from
Line 2b. If included in federal taxable income, social security
trusts, partnerships and S Corporations where applicable.
benefi ts issued by the U.S. Government and railroad retirement
Line 1a. Enter income from municipal and state bonds, other
benefi ts (tier 1 and tier 2) issued by the U.S. Railroad Retirement
than Maine, that is not included in federal taxable income. For
Board. Also, unemployment and sick benefi ts issued by the Railroad
example, enter interest from City of New York but not Portland, Maine.
Retirement Board are not taxable to Maine. However, benefi ts issued
Line 1b. Enter any amount of federal net operating loss carry
by the Canadian Railroad Retirement Board are taxable to Maine.
forward that has been previously used to offset Maine addition
Line 2c. If included in federal taxable income, enter interest from
modifi cations. For more information and examples, go to
www.
Maine municipal general obligation and private activity bonds
maine.gov/revenue/forms
(select Income Tax Guidance Documents).
and bonds issued by a Maine airport authority. You must include
Line 1c. Enter 2012 Maine Public Employees Retirement System
supporting documentation if greater than $25,000.
contributions (“MePERS”). These contributions are tax deferred
Line 2d. Use this line only if the person retired after 1988 and
for federal tax, but are subject to Maine income tax.
received retirement benefi ts from the Maine Public Employees
Retirement System (“MePERS”) in 2012. To calculate the amount
Line 1d. Enter the amount of federal domestic production
for this line, subtract the amount in box 14 from the amount in box
activities deduction used to reduce federal taxable income.
2a on Form 1099-R issued by MePERS. Also enter on this line
Line 1e. The bonus depreciation add-back is an addition modifi cation
MePERS rollover amounts previously taxed by the state, whether
equal to the net increase in depreciation resulting from bonus depreciation
or not included in federal taxable income.
claimed on the federal return. To calculate this addition modifi cation, the
Line 2e. Enter up to $250, per benefi ciary, of contributions made
amount of the add-back on line 1f must be subtracted from the basis of
to a Maine or non-Maine qualifi ed tuition program (“529 college
property placed in service in 2012. Then MACRS depreciation must be
savings plan”) only if the income is not more than $100,000.
calculated on the remaining property basis. The amount entered on this line
Line 2f. Bonus depreciation recapture. Amounts required to be
equals the amount that the federal depreciation claimed, less the amount on
line 1f, exceeds the recalculated MACRS depreciation. If the recalculated
added to income under 36 M.R.S.A. §§ 5122(1)(N), 5122(1)(AA),
5122(1)(FF)(2), 5200-A(1)(N) or 5200-A(1)(Y)(2) may be recaptured
MACRS depreciation is greater than the adjusted federal depreciation, no
addition modifi cation is required on this line. Enclose a copy of the federal
over the life of the applicable asset. For more information and
Form 4562, along with the add-back calculation, with the return. For more
examples, visit
(select Income Tax
Guidance Documents).
information and examples, go to (select
Income Tax Guidance Documents).
Line 2g. Other Subtractions. Enter ONLY items specifi cally listed.
List the source of each amount claimed in the space provided and
Line 1f. Maine capital investment credit bonus depreciation add-
back. Enter the bonus depreciation claimed on the federal return relating
attach supporting documentation when claiming an amount on this
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to property for which the Maine Capital Investment Credit is claimed.
line. Enter on this line
net operating losses carried forward from
previous tax years pursuant to § 5122(2)(H), § 5122(2)(P), § 5122(2)
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Line 1g. Other. Enter on this line
the amount of loss, deductions,
(CC) or, for individual owners of certain electing S corporations,
and other expenses of a financial institution subject to Maine
net operating losses carried forward pursuant to § 5200-A(2)(H)
franchise tax that are included in federal taxable income due to an
or § 5200-A(2)(L). For more information on Maine’s treatment of
ownership interest in the fi nancial institution that is a partnership,
NOL’s, go to (select Income Tax
S corporation, or entity disregarded as separate from its owner
Guidance Documents). Also enter on this line to the extent included
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income taxes imposed by Maine or other states and interest or
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in federal adjusted gross income
military compensation received
expenses incurred in the production of income exempt from Maine
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by a nonresident servicemember
to the extent not included in the
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taxation deducted in arriving at federal taxable income
amounts
pension deduction under 36 M.R.S.A. § 5122(2)(M), military annuity
deducted as a business or other expense for federal tax purposes
payments made to a survivor of a deceased member of the military as a result
that are included in the credit base for the high-technology investment
of service in the active or reserve components of the U.S. armed services
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tax credit and the forest management planning credit
the amount
under a survivor benefi t plan or reserve component survivor benefi t plan
claimed as a deduction in determining federal gross income that is
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in accordance with 10 USC, Chapter 73
discharge of indebtedness
used to calculate the Maine Fishery Infrastructure Investment Tax
amounts included in federal adjusted gross income deferred for
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Credit under 36 M.R.S.A. § 5216-D
the amount deducted at the
federal tax purposes but not Maine tax purposes during 2009 or
federal level for qualifi ed tuition and other educational expenses
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2010
recovery amounts included in federal taxable income related
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under IRC § 222
qualifi ed payments and tax benefi ts from states
to items previously deducted on your federal return but not on your
or municipalities to fi refi ghters and emergency medical responders
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Maine return in an earlier year, such as real estate taxes
the
that are excluded from federal taxable income pursuant to Code
amount of loan payments made by employers included in federal
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section 139B
the administrative expense deduction claimed for
taxable income related to individuals qualifi ed for the opportunity
federal fi duciary income tax purposes that is also used to determine
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Maine credit
the amount of the reduction in the salaries and
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the taxable estate in calculating the Maine estate tax
the estate’s/
wages deduction directly related to the federal Work Opportunity
trust’s share of the fi duciary adjustment of another estate/trust –
Credit or the federal Empowerment Zone Credit. These amounts
additions only (36 M.R.S.A. §§ 5122(3) and 5164). List the source
are reported on federal Form 5884, line 2 or federal Form 8844, line
of each amount claimed in the space provided. Attach supporting
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