Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2011 Page 22
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568. Enter any item of income or gain subject to special accrual
Do not enter the amount of interest paid to you on any federal
to the extent the item was not includible in federal adjusted
income tax refund.
gross income for the taxable year. See Items Subject to
Line 43: Exempt Dividends From Certain
Special Accrual on Page 9.
Qualifying Mutual Funds Derived From U.S.
9. Also use Line 40 to report any additions to federal adjusted
Government Obligations
gross income required for Connecticut income tax purposes
Enter the total amount of exempt dividends received from
which are not listed on Lines 33 through 39.
a qualifying mutual fund derived from U.S. government
Line 41: Total Additions
obligations. A mutual fund is a qualifying fund if at the close of
Add Lines 33 through 40 and enter the total on Form
each quarter of its taxable year at least 50% of the value of its
CT-1040NR/PY, Schedule 1, Line 41.
assets consists of U.S. government obligations. The percentage
of dividends that are exempt dividends should be reported to
Subtractions From Federal Adjusted Gross Income
you by the mutual fund.
Enter all amounts as positive numbers.
Do not enter the amount of dividend income derived from
Federal National Mortgage Association (Fannie Mae) bonds,
Line 42: Interest on U.S. Government Obligations
Government National Mortgage Association (Ginnie Mae)
Enter the total amount of interest income (to the extent includible
bonds, and Federal Home Loan Mortgage Corporation (Freddie
in federal adjusted gross income) derived from U.S. government
Mac) securities. Federal law does not prohibit states from taxing
obligations which federal law prohibits states from taxing (for
income derived from these obligations, and this income is taxable
example, U.S. government bonds such as Saving Bonds Series
for Connecticut income tax purposes.
EE or Series HH and U.S. Treasury bills or notes).
Example: A qualifying mutual fund pays a dividend of $100.
For Series EE U.S. Savings Bonds, you are entitled to include on
Of the distribution, 55% is attributable to U.S. Treasury bills and
Line 42 only the amount of interest subject to federal income tax
45% to other investments. The amount that should be reported
after exclusion of the amounts reported on federal Form 8815. In
on Line 43 is $55.
general, you report the net taxable amount on federal Form 1040,
See Policy Statement, 2005(2), Connecticut Income Tax on
Schedule B, or federal Form 1040A, Schedule 1.
Bonds or Obligations Issued by the United States Government,
Do not enter the amount of interest income derived from
by State Governments, or Municipalities.
Federal National Mortgage Association (Fannie Mae) bonds,
Line 44: Social Security Benefi t Adjustment
Government National Mortgage Association (Ginnie Mae)
bonds, and Federal Home Loan Mortgage Corporation (Freddie
If you receive Social Security benefi ts subject to federal income
Mac) securities. Federal law does not prohibit states from taxing
tax, you may reduce or eliminate the amount of your benefi ts
interest income derived from these obligations, and this interest
subject to Connecticut income tax. Spouses in a same sex
income is taxable for Connecticut income tax purposes.
marriage must recompute their federal adjusted gross income
Social Security Benefi t Adjustment Worksheet - Line 44
Enter the amount from Form CT-1040NR/PY, Line 1. .............................................................................
If your fi ling status is single or fi ling separately, is the amount on Line 1 $50,000 or more?
Yes: Complete this worksheet.
No: Do not complete this worksheet. Enter the amount of federally taxable Social Security benefi ts you reported on federal
Form 1040, Line 20b, or federal Form 1040A, Line 14b, on Form CT-1040NR/PY, Line 44.
If your fi ling status is fi ling jointly, qualifying widow(er), or head of household, is the amount on Line 1 $60,000 or more?
Yes: Complete this worksheet.
No: Do not complete this worksheet. Enter the amount of federally taxable Social Security benefi ts you reported on federal
Form 1040, Line 20b, or federal Form 1040A, Line 14b, on Form CT-1040NR/PY, Line 44.
A. Enter the amount reported on your 2011 federal Social Security Benefi ts Worksheet, Line 1.
A.
If Line A is zero or less, stop here and enter “0” on Line 44. Otherwise, go to Line B.
B. Enter the amount reported on your 2011 federal Social Security Benefi ts Worksheet, Line 9.
However, if fi ling separately and you lived with your spouse at any time during 2011, enter
the amount reported on Line 7 of your federal Social Security Benefi ts Worksheet.
B.
If Line B is zero or less, stop here. Otherwise, go to Line C.
C. Enter the lesser of Line A or Line B.
C.
D. Multiply Line C by 25% (.25).
D.
E. Taxable amount of Social Security benefi ts reported on your 2011 federal Social Security Benefi ts
Worksheet, Line 18.
E.
F. Social Security Benefi t Adjustment - Subtract Line D from Line E. Enter the amount here and on
Form CT-1040NR/PY, Schedule 1, Line 44. If Line D is greater than or equal to Line E, enter “0.”
F.
Page 22
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