Dual Residence Reduction Of Tax Credit Worksheet For Tax Year 2015
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2DUAL RESIDENCE REDUCTION OF TAX CREDIT
WORKSHEET FOR TAX YEAR 2015
36 M.R.S. § 5128
TAXPAYER NAME: ___________________________________
SSN: ____________________
Name of other taxing jurisdiction: __________________________________________________
1. a. Amount of income taxed by both jurisdictions as a resident of both jurisdictions ................ 1a. $ ______________
b. Amount from Form 1040ME, worksheet for credit for income tax paid to other
jurisdictions, line 2, taxed by the other jurisdiction named above ........................................ 1b. $ ______________
c. Subtract line 1b from line 1a ................................................................................................ 1c. $ ______________
List type and amount of income included on line 1c: _____________________________
______________________________________________________________________
2. Maine adjusted gross income (Form 1040ME, line 16) .............................................................. 2. $ ______________
3. Percentage of income taxed by both jurisdictions (divide line 1c by line 2) ............................... 3.
__ . __ __ __ __
4. a. Maine tax on line 1c income: (Form 1040ME, line 20) $__________ x line 3 ...................... 4a. $ ______________
b. Other jurisdiction tax paid (do not include amount withheld) on line 1c income ................... 4b. $ ______________
5. Total tax assessed by both jurisdictions (add line 4a and line 4b) .............................................. 5. $ ______________
6. Enter the smaller of line 4a or line 4b ......................................................................................... 6. $ ______________
7. Percentage of Maine tax in relation to total combined tax for both jurisdictions
(divide line 4a by line 5) .............................................................................................................. 7.
__ . __ __ __ __
8. Dual Residence Reduction of Tax Credit:
Multiply line 6 by line 7. Enter the result here and on Form 1040ME,
Schedule A, line 20 ..................................................................................................................... 8. $ ______________
Revised: December, 2015
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