Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2013 Page 23
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56Line 48: Beneficiary’s Share of Connecticut
Pequot Tribe enrolled member” or “Mohegan Tribe enrolled
member” as the case may be.
Fiduciary Adjustment
2. Subtract the amount of interest earned on funds deposited in
If you have any income from an estate or trust, your share of any
a Connecticut individual development account to the extent
Connecticut modifi cations (that is, your share of the Connecticut
included in federal adjusted gross income.
fi duciary adjustment) that applies to the income will be shown on
Form CT-1041, Schedule CT-1041B, Part 1, Column 5. Your share
3. Subtract any interest paid on indebtedness incurred to acquire
of these modifi cations should be provided to you by the fi duciary
investments that provide income taxable in Connecticut
on Schedule CT-1041 K-1. If your share of these modifi cations
but are exempt for federal purposes, that is not deductible
is an amount less than zero, enter the amount on Line 48. If the
in determining federal adjusted gross income, and that is
amount is greater than zero, enter the amount on Line 37.
attributable to a trade or business of that individual.
4. Subtract expenses paid or incurred for the production
If you are a benefi ciary of more than one trust or estate, enter the
(including management, conservation, and maintenance of
net amount of all the modifi cations, if less than zero, on Line 48.
property held for production) or collection of income taxable
Line 49: Gain on Sale of Connecticut State and
in Connecticut but exempt from federal income tax, that are
Local Government Bonds
not deductible in determining federal adjusted gross income
Enter the total of all gains from the sale or exchange of notes,
and are attributable to a trade or business of that individual.
bonds, or other obligations of the State of Connecticut or its
5. Subtract the amount of any distributions you received from
municipalities used in determining gain (loss) for federal income
the Connecticut Higher Education Trust Fund (CHET) as a
tax purposes.
designated benefi ciary to the extent includable in your federal
Line 50: Connecticut Higher Education Trust
adjusted gross income.
(CHET) Contributions
Congress passed legislation excluding from federal gross
Enter your contributions to a CHET account(s). The modifi cation
income any distribution from a qualifi ed state tuition program
cannot exceed the maximum allowable contribution. The
(such as CHET), to the extent the distribution is used to pay
maximum CHET contribution that may be subtracted is the
for qualifi ed higher education expenses. (Pub. L. No. 107-16,
lesser of (1) the amount of contributions to all CHET accounts
§402) To the extent any distribution from CHET is excluded
during the taxable year; or (2)(A) $5,000 for each individual
from federal gross income, the amount should not be reported
taxpayer (including individuals whose filing status on their
as a subtraction modifi cation on Line 51.
Connecticut income tax return is single, head of household, fi ling
6. Subtract any amortizable bond premium on bonds that provide
separately), or (B) $10,000 for individuals whose fi ling status on
interest income taxable in Connecticut but exempt from
their Connecticut income tax return is fi ling jointly or qualifying
federal income tax, which premiums were not deductible in
widow(er) with dependent child.
determining federal adjusted gross income and are attributable
If your CHET contribution during the taxable year exceeds
to a trade or business of that individual.
the maximum CHET contribution, the excess may be carried
7. Enter any item of loss or deduction subject to special accrual
forward for the fi ve succeeding taxable years provided the CHET
to the extent the item was not deductible in determining federal
contribution carried forward and subtracted from federal adjusted
gross income for the taxable year. See Items Subject to Special
gross income of the succeeding taxable years does not exceed
Accrual, on Page 8.
the maximum CHET contribution. CHET contributions made
8. Subtract the amount of any interest income from notes, bonds,
in the current taxable year are used before using any carryover
or other obligations of the State of Connecticut included in
from prior years.
federal adjusted gross income. This modifi cation includes any
Enter the CHET account number in the space provided. If you
Build America Bond tax credit amount if the Build America
made contributions to more than one account, you enter only one
Bond, as described in Section 1531 of the American Recovery
account number.
and Reinvestment Act of 2009 was issued by the State of
See Special Notice 2006(11), 2006 Legislative Changes Affecting
Connecticut or a Connecticut subdivision and only to the extent
the Income Tax.
the credit amount is treated as interest includible in gross income
Line 51: Other
for federal income tax purposes.
Use Line 51 to report any of the following modifi cations:
9. Subtract the amount of military pay received by a nonresident or
1. Subtract any income or gain of an enrolled member of the
part-year resident during the part-year resident’s nonresidency
Mashantucket Pequot Tribe who resides in Indian country of
portion of the taxable year to the extent includable in federal
the tribe or any income or gain of an enrolled member of the
adjusted gross income.
Mohegan Tribe who resides in Indian country of the tribe,
10. Subtract the amount of any interest, dividends, or capital gains
where the income or gain is derived from or connected with
earned on contributions to accounts established for a designated
Indian country of the tribe. Enter the words “Mashantucket
benefi ciary under the Connecticut Homecare Option Program
for the Elderly to the extent the interest, dividends, or capital
gains is properly included in the gross income of the designated
QRCs for websites, DRS
benefi ciary for federal income tax purposes.
publications, telephone
11. Subtract contributions made to an MRA established pursuant
numbers, and email
to Conn. Gen. Stat. §32-9zz.
addresses referenced on
this page.
See Special Notice 2012(6), 2012 Legislative Changes
SN 2006(11)
SN 2012(6)
Affecting the Income Tax.
Page 23
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