Virginia Schedule Osc - Credit For Tax Paid To Another State - 2015

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2015
Your Social Security Number
WEB
*VASOSC115888*
Virginia Schedule OSC
-
-
CREDIT FOR TAX PAID TO ANOTHER STATE
Name(s) as shown on Virginia return
You must enclose a copy of the return from
each state for which you are claiming credit.
Credit Computation - 1
dollar amount
Fill in oval if claiming border state
1. Enter the number listed below to identify the filing status claimed on the other state’s tax return .. 1
1. Single 2. Married Filing Jointly 3. Married Filing Separately 4. Unified
5. Other
2. Enter the number listed below to identify the person claiming the credit .................................... 2
1. You
2. Spouse
3. You and Spouse
00
,
,
.
3. Qualifying taxable income on which the other state’s tax is based ............................................. 3
00
,
,
4. Virginia Taxable Income. See instructions ................................................................................. 4
.
00
,
,
.
5. Qualifying tax liability owed to the other state. See instructions ................................................. 5
6. Identify the state and ENCLOSE a copy of the other state’s return ............................................ 6
00
,
,
.
7. Virginia Income Tax. See instructions ........................................................................................ 7
8. Income percentage. If filing Form 760 or Form 760PY, divide Line 3 by Line 4. If filing
Form 763, divide Line 4 by Line 3. Compute to one decimal place, not to exceed 100%. For
%
example, 0.3163 becomes 31.6%. If claiming a border state, see instructions ......................... 8
.
9. If filing Form 760 or Form 760PY, multiply Line 7 by Line 8. If filing Form 763, multiply
00
,
,
Line 5 by Line 8 .......................................................................................................................... 9
.
10. Credit. If filing Form 760 or Form 760PY, enter the lesser of Line 5 or Line 9. If filing
Form 763, enter the lesser of Line 7 or Line 9. Proceed to Line 11 to compute another credit,
00
,
,
.
otherwise go to Line 21. .............................................................................................................. 10
Credit Computation - 2
11. Enter the number listed below to identify the filing status claimed on the other state’s tax return .. 11
1. Single 2. Married Filing Jointly 3. Married Filing Separately 4. Unified
5. Other
12. Enter the number listed below to identify the person claiming the credit .................................... 12
1. You
2. Spouse
3. You and Spouse
00
,
,
.
13. Qualifying taxable income on which the other state’s tax is based ............................................. 13
00
,
,
.
14. Virginia Taxable Income. See instructions ................................................................................. 14
00
,
,
.
15. Qualifying tax liability owed to the other state. See instructions ................................................. 15
16. Identify the state and ENCLOSE a copy of the other state’s return ............................................ 16
00
,
,
.
17. Virginia Income Tax. See instructions ........................................................................................ 17
18. Income percentage. If filing Form 760 or Form 760PY, divide Line 13 by Line 14. If filing
Form 763, divide Line 14 by Line 13. Compute to one decimal place, not to exceed 100%. For
%
.
example, 0.3163 becomes 31.6%. If claiming a border state, see instructions ......................... 18
19. If filing Form 760 or Form 760PY, multiply Line 17 by Line 18. If filing Form 763, multiply
00
,
,
Line 15 by Line 18 ...................................................................................................................... 19
.
20. Credit. If filing Form 760 or Form 760PY, enter the lesser of Line 15 or Line 19. If filing
00
,
,
Form 763, enter the lesser of Line 17 or Line 19. ...................................................................... 20
.
21. Total Credit. Enter the total of Lines 10 and 20 of Schedule OSC. Also enter on Form 760,
00
,
,
.
Line 25; Form 760PY, Line 25; or Form 763, Line 25. ................................................................ 21
Note: Schedule OSC, Line 21, cannot exceed your tax liability minus the Tax Credit for
Low-Income Individuals or the Virginia Earned Income Credit. Adjust Line 21 to ensure it
does not exceed the limitation.
If claiming more than 2 credits, use additional Schedules OSC.
2601425 Rev 08/15

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