Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2012 Page 21
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56FORM CT-1040NR/PY Schedules
The following modifi cations to federal adjusted gross income are provided in Conn. Gen. Stat. §12-701(a)(20). Your federal adjusted gross income
may not be further modifi ed in determining your Connecticut adjusted gross income except as expressly provided by Conn. Gen. Stat. §12-701(a)(20).
If you are a benefi ciary of more than one trust or estate, enter the
Schedule 1 - Modifi cations to Federal
net amount of all modifi cations, if greater than zero, on Line 37
Adjusted Gross Income
or, if less than zero, on Line 48.
Additions to Federal Adjusted Gross Income
Line 38: Loss on Sale of Connecticut State and
Local Government Bonds
Enter all amounts as positive numbers.
Enter the total losses from the sale or exchange of notes, bonds, or
Line 33: Interest on State and Local Government
other obligations of the State of Connecticut or its municipalities
Obligations Other Than Connecticut
used in determining gain (loss) for federal income tax purposes,
Enter the total amount of interest income derived from state and
whether or not the entire loss is used in computing federal adjusted
municipal government obligations, (other than obligations of the
gross income.
State of Connecticut or its municipalities) which is not taxed for
Line 39: Domestic Production Activity Deduction
federal income tax purposes. Do not enter interest income derived
from government obligations of Puerto Rico, Guam, American
Enter the amount reported as a domestic production activity
Samoa, or U.S. Virgin Islands.
deduction on federal Form 1040, Line 35.
Line 34: Exempt-Interest Dividends From a Mutual
Line 40: Other
Fund Derived From State or Municipal Government
Use Line 40 to report any of the following modifi cations:
Obligations Other Than Connecticut
1. Add back any treaty income reported on federal Form
Enter the total amount of exempt-interest dividends received
1040NR-EZ or Form 1040NR if a nonresident alien. Enter
from a mutual fund that are derived from state and municipal
the words “treaty income” in the space provided.
government obligations other than obligations of the State of
2. Add back any loss or deduction of an enrolled member of the
Connecticut or its municipalities. If the exempt-interest dividends
Mashantucket Pequot Tribe who resides in Indian country of
are derived from obligations of Connecticut and other states, enter
the tribe or any loss or deduction of an enrolled member of
only the percentage derived from non-Connecticut obligations.
the Mohegan Tribe who resides in Indian country of the tribe
Do not enter exempt-interest dividends derived from government
where the loss or deduction is derived from or connected with
obligations of Puerto Rico, Guam, American Samoa, or U.S.
Indian country of the tribe. Enter the words “Mashantucket
Virgin Islands.
Pequot Tribe enrolled member” or “Mohegan Tribe enrolled
Example: A fund invests in obligations of many states including
member” as the case may be.
Connecticut. Assuming that 20% of the distribution is from
3. Add back any Connecticut income tax deducted on the federal
Connecticut obligations, the remaining 80% would be added
income tax return to arrive at federal adjusted gross income.
back on this line.
Do not add back any Connecticut income tax deducted on
federal Form 1040, Schedule A.
Line 35: Reserved for Future Use
4. Add back any expenses paid or incurred for the production
Line 36: Taxable Amount of Lump-Sum Distributions
(including management, conservation, and maintenance of
From Qualifi ed Plans Not Included in Federal AGI
property held for the production) or collection of income
If you fi led federal Form 4972, Tax on Lump-Sum Distributions,
exempt from Connecticut income tax which were deducted on
with your federal Form 1040 to compute the tax on any part of a
the federal return to arrive at federal adjusted gross income.
distribution from a qualifi ed plan, enter that part of the distribution
5. Add back any amortizable bond premium on bonds producing
on Line 36. Do not enter any part of the distribution reported on
interest income exempt from Connecticut income tax which
federal Form 1040A, Line 12a; federal Form 1040, Line 16a; or
premiums were deducted on the federal return to arrive at
federal Form 1040, Schedule D.
federal adjusted gross income.
Part-year residents should enter this amount on Schedule
6. Add back any interest or dividend income on obligations or
CT-1040AW, Part-Year Resident Income Allocation, Line 14,
securities of any authority, commission, or instrumentality of
Column A.
the U.S. which federal law exempts from federal income tax
but does not exempt from state income taxes.
Line 37: Beneficiary’s Share of Connecticut
7. Add back to the extent deductible in determining federal
Fiduciary Adjustment
adjusted gross income any interest expenses on indebtedness
If you have any income from an estate or trust, your share of any
incurred or continued to purchase or carry obligations or
Connecticut modifi cations (that is, your share of the Connecticut
securities (the income from which is exempt from Connecticut
fi duciary adjustment) that applies to the income will be shown on
income tax).
Form CT-1041, Connecticut Income Tax Return for Trusts and
8. Enter any item of income or gain subject to special accrual
Estates, Schedule CT-1041B, Part 1, Column 5. Your share of
to the extent the item was not includible in federal adjusted
these modifi cations should be provided to you by the fi duciary. If
gross income for the taxable year. See Items Subject to Special
your share of these modifi cations is an amount greater than zero,
Accrual, on Page 9.
enter the amount on Line 37. If the amount is less than zero, enter
the amount on Line 48.
Page 21
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