Form It-40 - Indiana Full-Year Resident Individual Income Tax Booklet - 2012 Page 30
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64Step 2 Investment Income
AND, was…
1.
Add amounts from:
Under age 19 at the end of 2012 and younger than you (or your
Federal Form 1040 or Form 1040A, Line 8a
+ _________
spouse, if filing jointly), or
Federal Form 1040 or Form 1040A, Line 8b
+ _________
Under age 24 at the end of 2012, a student (see page 32), and younger
Federal Form 1040 or Form 1040A, Line 9a
+ _________
than you (or your spouse, if filing jointly), or
Federal Form 1040A, Line 10
+ _________
Any age and permanently and totally disabled (see page 32),
Federal Form 1040, Line 13*
+ _________
AND, who…
Investment Income = _________
Is not filing a joint return for 2012, or is filing a joint return for 2012
*If line 13 is a loss, enter -0-.
only as a claim for refund,
2.
Is your investment income more than $3,200?
AND, who…
Yes. Continue.
No. Skip question 3; go to question 4.
Lived with you in the United States for more than half of 2012 or, if
a foster child, for all of 2012. If the child did not live with you for the
required time, see Exception to “time lived with you” on page 31.
3.
Did you file federal Form 4797 (relating to sales of business
property)?
Caution. If the child meets the conditions to be a qualifying child of
No. STOP. You cannot take the credit.
any other person (other than your spouse if filing a joint return) for
2012, or the child was married, see page 32.
Yes. If the amount on federal Form 1040, line 13, includes an amount
Do you have at least one child who meets the conditions to be your
from federal Form 4797, you must use Worksheet 1 in Indiana’s
qualifying child?
Publication EIC to see if you can take the EIC. Otherwise, STOP; you
cannot take the EIC.
Yes. The child must have a valid Social Security number (SSN) unless
the child was born and died in 2012*. If at least one qualifying child
4.
Do any of the following apply for 2012?
has a valid SSN (or was born and died in 2012), go to Step 5.
•
You filed federal Schedule E.
•
You are claiming a loss on federal Form 1040 line, 12, 13 and/
No. Continue to Step 4.
or 18.
•
You are reporting income or a loss from the rental of personal
*Exception. If your qualified dependent child was born and died in
property not used in a trade or business.
2012 and you do not have an SSN for the child, you may be able to
•
You and/or spouse if married filing jointly received a distri-
claim the child for earned income credit purposes (see page 32).
bution from a pension, annuity, IRA or Coverdell ESA that is
not fully taxable.
•
You reported income on federal Form 1040, line 21, from
Step 4 Filers Without a Qualifying Child
federal Form 8814 (relating to election to report child’s inter-
est and dividends).
If you have no qualifying child (see Step 3) but you claimed an EIC on
your federal tax return (federal Form 1040, line 64a; Form 1040A, line
Yes. You must use Worksheet 3 in Indiana’s Publication EIC to see if
38a; or on Form 1040EZ, line 8a), then you may be eligible to claim
you can take the credit.
Indiana’s EIC. Continue to Step 5.
No. Go to Step 3.
Step 5 Modified Adjusted Gross Income (MAGI)
1.
Add amounts from:
Step 3 Qualifying Child
Federal Form 1040 or Form 1040A, Line 8b
+ _________
Did a child live with you in 2012?
2.
Federal Form 1040EZ, amount entered in the
No. Go to Step 4.
space to the left of line 2 designated as “TEI”
+ _________
Yes. Continue.
Federal Form 1040, line 37; Form 1040A,
Line 21; 1040EZ, line 4
+ _________
A qualifying child is a child who is your…
Modified Adjusted Gross Income* =
Box A
Son
Daughter
•
*Note. If you completed Worksheet 3 in Publication EIC, en-
Grandchild
ter in Box A the amount from Worksheet 3, line 17.
Stepchild
Foster child and/or related child (see page 32)
Page 30
IT-40 Booklet 2012
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