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If you use your home for business pur-

Attach a copy of Forms SSA-1099, a

Note: Your home or dwelling is the

poses, the percentage of your home

letter from Social Security Ad min-

place in which you reside in Missouri,

that is used for business purposes, must

istration, a letter from Social Services

whether owned or rented, and the

be subtracted from your real estate

that includes the total amount of

surrounding land, not to exceed five

taxes paid. If you need to use a Form

assistance received and Employment

acres, as is reasonably necessary for

948 to calculate the amount of real

Security 1099, if applicable.

use of the dwelling as a home. A

estate tax, you must subtract the per-

home may be part of a larger unit such

7 —

InE

centage of your home that is used for

as a farm or building partly rented or

(

)

onbusInEss

oss

business purposes from the allowable

used for business.

real estate taxes paid calculated on

Complete Line 7 only if nonbusiness

11 — o

InE

ouR

omE

the Form 948. Example: Ruth has

losses reduced the amount reported

10 acres surrounding her house. She

If you owned and occupied your

on Form MO-PTS, Line 1. If Line 1 was

needs to use a Form 948, because she

home, include the amount of real

re duced by nonbusiness losses, add

is only entitled to receive credit for 5

estate tax you paid for 2012 only, or

back the amount of the loss on Line 7.

acres. By her calculations, she enters

$1,100, whichever is less. Do not

A nonbusiness loss is a loss of income

$500 on Form 948, Line 6. Ruth also

include special assessments (sewer

that did not result from a trade or busi-

used 15 percent of her house for her

lateral), penalties, service charges,

ness. (Losses from Federal Form 1040,

business. She will multiply $500 by 85

and interest listed on your tax receipt.

Schedule F and Schedule C, are consid-

percent and put this figure ($425) on

You can only claim the taxes on your

ered bus i ness losses and should not be

Form MO-PTS, Line 11.

pri mary residence that you occupy.

included here).

Secondary homes are not eligible for

12 — R

InE

Ent

ouR

omE

9 — F

the credit.

InE

IlIng

tAtus

Complete one Form MO-CRP, Certifi-

If your home or farm has more than five

EduCtIon

cation of Rent Paid, for each rented

acres or you own a mobile home

home (including mobile home or lot)

Use your filing status to determine

and it is classified as personal property,

you occupied during 2012. The Form

the deduction amount that will be

a Form 948 Assessor’s Certification must

MO-CRP is on the back of the Form

entered on Line 9. If your filing status

be attached with a copy of your paid

MO-PTS and instructions are on page 14.

is Single or Married Living Separate,

personal or real property tax receipt.

If you rent from a facility that does

you will enter $0 on Line 9.

Your county assessor will complete this

not pay property taxes, you are not

If your filing status is Married and Filing

form on your request. If you own a

eligible for a Property Tax Credit.

Combined, see below to determine the

mobile home and it is classified as real

Add the totals from Line 9 on all Forms

amount you will enter on Line 9.

property, a Form 948 is not needed. In

MO-CRP completed, and enter the

such cases, you can claim property tax

• If you OWNED and OCCUPIED

amount on Line 12, or $750, which-

for the mobile home and if applicable

your home for the ENTIRE YEAR,

ever is less. Attach rent receipt(s) or

rent for the lot.

enter $4,000 on Line 9.

a signed statement from your land-

lord for any rent you are claiming,

• If you RENTED or did not own your

Helpful Hint

along with Form MO-CRP. The rent

home for the ENTIRE YEAR, enter

Real estate tax paid for a prior year

receipt(s) or statement, must be signed

$2,000 on Line 9.

cannot be claimed on this form. To

by the landlord and include his or her

10 — n

claim real estate taxes for a prior year,

InE

ousEhold

tax identification or social security

you must file a claim for that year.

nComE

number and phone number. Copies of

If you own your home and other adults

cancelled checks (front and back) will

Subtract Line 9 from Line 8 and enter

(other than spouse) live there and pay

be accepted if your landlord will not

amount on Line 10. If you RENTED or

rent, the rent must be included in your

provide rent receipts or a statement.

did not own and occupy your home

federal adjusted gross income.

for the ENTIRE YEAR, the amount

Helpful Hint

A credit will not be allowed on vehicles

you enter on Line 10 cannot exceed

If you receive low income housing assis-

and other items listed on the personal

$27,500. If the amount of your net

tance the rent you claim may not exceed

property tax receipt.

household income on Line 10 is above

40 percent of your income. Please claim

If you submit more than one receipt

$27,500, you are not eligible for the

only the amount of rent you pay or your

from a city or county for your residence,

credit. There is no need to complete

refund will be delayed or denied.

please submit a letter of explanation.

and submit the Form MO-PTS.

If you share a home, report only the

If you OWNED AND OCCUPIED

You cannot claim returned check fees,

portion of real estate tax that was actu-

your home for the ENTIRE YEAR, the

late fees, security and cleaning de posits,

ally paid by you.

amount you enter on Line 10 cannot

or any other deposits. If your gross rent

If you sold or purchased your home

exceed $30,000. If the amount of your

paid exceeds your household in come,

during the year, attach a copy of the

net household income on Line 10 is

you must attach a detailed statement

seller’s or buyer’s agreement to your

above $30,000, you are not eligible

explaining how the additional rent was

claim.

for the credit. There is no need to com-

paid or the claim will be denied.

plete and submit Form MO-PTS.

Instructions For Form Mo-1040p - Property Tax Credit/ Pension Exemption Short Form - 2012 Page 13

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