Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2013 Page 28
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56Capital Losses, Passive Activity Losses, and Net
If your wages, salaries, tips, and other compensation was earned
for services performed both in and outside of Connecticut while
Operating Losses
you were a nonresident and the amount of Connecticut-sourced
Capital losses, passive activity losses, and net operating losses
income is not known, complete the Employee Apportionment
generated from activities within Connecticut can reduce Connecticut
Worksheet. See the instructions, on Page 31.
adjusted gross income derived from or connected with Connecticut
sources of a nonresident to the extent they are properly computed for
Income from employment activities in Connecticut that are considered
federal income tax purposes and are offset against income derived
casual, isolated, or inconsequential (under the Ancillary Activity Test)
from or connected with Connecticut sources. A nonresident must
is not part of the Connecticut-sourced income of a nonresident. See
recompute capital losses, passive activity losses, and net operating
Activities Considered Casual, Isolated, or Inconsequential, item 3,
losses as if the nonresident’s federal adjusted gross income consisted
Ancillary Activity Test on Page 8.
only of items derived from Connecticut sources.
Line 2: Taxable Interest
Example: Lori Ann, a nonresident of Connecticut, reported a
(federal Form 1040, Line 8a)
capital gain from sources outside of Connecticut (from the sale of
• Part-Year Resident
securities) of $20,000 on her federal income tax return. Lori Ann
Enter the total of Schedule CT-1040AW, Line 2, Column B and
also reported on her federal income tax return a capital loss of
Column D.
$8,000 from sources exclusively within Connecticut (from the
sale of real property not used in Lori Ann’s trade or business).
• Nonresident
For federal income tax purposes, Lori Ann has a gain from the
Enter that part of your federal adjusted gross income (as modifi ed
sale or exchange of property of $12,000 ($20,000 minus $8,000).
by adjustments on Form CT-1040NR/PY, Schedule 1) that
Lori Ann has a capital loss of $8,000 derived from or connected
represents interest income earned as a nonresident that is part of
with sources within Connecticut, but may claim as a deduction
the receipts of a business, trade, profession, or occupation carried
only $3,000 on her Form CT-1040NR/PY (in accordance with
on in Connecticut or from the ownership of an interest in a pass-
the federal limitation of $3,000 of capital loss to offset ordinary
through entity doing business in Connecticut and not otherwise
income). She must carry forward the balance of the capital loss
exempt from Connecticut income tax. If the business is conducted
to the succeeding taxable year(s) even though, for federal income
both in and outside of Connecticut, see the instructions for Line 5.
tax purposes, she will show no capital loss carryforward.
Line 3: Ordinary Dividends
Election to Forego Carryback
(federal Form 1040, Line 9a)
Where a nonresident incurs a net operating loss for Connecticut
• Part-Year Resident
income tax purposes but does not incur a net operating loss for
Enter the total of Schedule CT-1040AW, Line 3, Column B and
federal income tax purposes, the nonresident is required fi rst to
Column D.
carry back the net operating loss to each of the three taxable years
preceding the taxable year in which the net operating loss was
• Nonresident
incurred (except as limited by the information highlighted below)
Enter that part of your federal adjusted gross income (as modifi ed
and then to carry any remaining net operating loss forward to each
by adjustments on Form CT-1040NR/PY, Schedule 1) that
of the fi fteen taxable years following the taxable year in which the
represents dividend income earned as a nonresident that is part of
loss was incurred. An election to forego the three-year carryback
the receipts of a business, trade, profession, or occupation carried
period and to carry the loss forward may be made by fi ling a
on in Connecticut or from the ownership of an interest in a pass-
timely Form CT-1040NR/PY for the year the loss was incurred
through entity doing business in Connecticut and not otherwise
and attaching a statement indicating that the election to forego
exempt from Connecticut income tax. If the business is conducted
the carryback is being made. This election may not be revoked.
both in and outside of Connecticut, see the instructions for Line 5.
Line 4: Alimony Received
Part 1 - Connecticut Income - Line
(federal Form 1040, Line 11)
Instructions
• Part-Year Resident
The federal income tax return line references are to the federal
Enter the amount from Schedule CT-1040AW, Line 4, Column B.
Form 1040. If you fi le federal Form 1040A or federal Form
1040EZ, use the appropriate lines from those forms.
• Nonresident
This line does not apply to a nonresident.
Line 1: Wages, Salaries, Tips, Etc.
Line 5: Business Income or (Loss)
(federal Form 1040, Line 7)
(federal Form 1040, Line 12)
• Part-Year Resident
• Part-Year Resident
Enter the total of the amounts from Schedule CT-1040AW, Line 1,
Column B and Column D.
Enter the total of Schedule CT-1040AW, Line 5, Column B and
Column D.
• Nonresident
Enter all wages, salaries, tips, and other compensation you
• Nonresident
earned for services performed in Connecticut while you were a
Enter that part of your federal adjusted gross income (as modifi ed
nonresident of Connecticut.
by adjustments on Form CT-1040NR/PY, Schedule 1) that
represents business income (loss) you received from a business,
trade, profession, or occupation carried on in Connecticut.
Page 28
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