Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2011 Page 28
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56$510 to City Y; however, only $338 (($49,000/$74,000) x
Special Accrual
$510) is attributable to her income sourced to City Y during her
For part-year residents, the amounts included on Schedule
Connecticut residency period. Therefore, the total tax paid to
CT-1040AW and on Schedule CT-SI, Parts 1 and 2, should
State X and City Y on the common amount of income is $4,377
include items of income, gain, loss, and deduction that would
($4,039 + $338). When completing Form CT-1040NR/PY,
accrue for federal income tax purposes prior to the change of
Schedule 2, Lynne enters $50,000 on Line 53 and completes
residence. See Items Subject to Special Accrual on Page 9.
Schedule 2 as follows:
Part-year residents who fi le a surety bond or other security in
Column A
Column B
lieu of special accruals do not include accruals in the amounts
Line 54
State X, City Y
in Schedule CT-SI, Parts 1 and 2.
Line 55
49,000 00
00
Capital Losses, Passive Activity Losses, and Net
Line 56
.9800
Operating Losses
Line 57
2,367 00
00
Capital losses, passive activity losses, and net operating losses
Line 58
2,320 00
00
generated from activities within Connecticut can reduce
Line 59
4,377 00
00
Connecticut adjusted gross income derived from or connected
Line 60
2,320 00
00
with Connecticut sources of a nonresident to the extent they are
Line 61
Total Credit
2,320 00
properly computed for federal income tax purposes and are offset
against income derived from or connected with Connecticut
Schedule CT-SI Instructions
sources. A nonresident must recompute capital losses, passive
activity losses, and net operating losses as if the nonresident’s
General Information
federal adjusted gross income consisted only of items derived
If you are a nonresident or part-year resident, you must use
from Connecticut sources.
Schedule CT-SI, Nonresident or Part-Year Resident Schedule
of Income From Connecticut Sources, to report items of income,
Example: Lori Ann, a nonresident of Connecticut, reported a
gain, loss, or deduction that make up your federal adjusted
capital gain from sources outside of Connecticut (from the sale of
gross income derived from or connected with sources within
securities) of $20,000 on her federal income tax return. Lori Ann
Connecticut.
also reported on her federal income tax return a capital loss of
$8,000 from sources exclusively within Connecticut (from the
Nonresidents
sale of real property not used in Lori Ann’s trade or business).
Report in Schedule CT-SI, Part 1, all items of income you
For federal income tax purposes, Lori Ann has a gain from the
received from Connecticut sources with modifications as
sale or exchange of property of $12,000 ($20,000 minus $8,000).
described below. Report in Schedule CT-SI, Part 2, adjustments
Lori Ann has a capital loss of $8,000 derived from or connected
directly related to the income items in Part 1.
with sources within Connecticut, but may claim as a deduction
only $3,000 on her Form CT-1040NR/PY (in accordance with
Part-Year Residents
the federal limitation of $3,000 of capital loss to offset ordinary
You must fi rst complete Schedule CT-1040AW to determine
income). She must carry forward the balance of the capital loss
your income from Connecticut sources. See instructions on
to the succeeding taxable year(s) even though, for federal income
Page 33. Add the amounts in Columns B and D for each line and
tax purposes, she will show no capital loss carryforward.
transfer the total to the corresponding line of Schedule CT-SI.
Report in Schedule CT-SI, Part 1, the income you received from
Election to Forego Carryback
all sources earned while you were a Connecticut resident and
Where a nonresident incurs a net operating loss for Connecticut
your Connecticut-sourced income for the part of the year you
income tax purposes but does not incur a net operating loss for
were a nonresident of Connecticut. Report in Schedule CT-SI,
federal income tax purposes, the nonresident is required fi rst
Part 2, adjustments that are a result of transactions that occurred
to carry back the net operating loss to each of the three taxable
while you were a Connecticut resident or are directly related to
years preceding the taxable year in which the net operating loss
Connecticut-sourced income for the part of the year you were
was incurred (except as limited by the information highlighted
a nonresident.
below) and then to carry any remaining net operating loss
forward to each of the fi fteen taxable years following the taxable
Modifi cations
year in which the loss was incurred. An election to forego the
All amounts reported in Part 1 should include any modifi cations
three-year carryback period and to carry the loss forward may
to federal adjusted gross income as provided on Form
be made by fi ling a timely Form CT-1040NR/PY for the year
CT-1040NR/PY, Schedule 1. Also see the Line 14 instructions
the loss was incurred and attaching a statement indicating that
on Page 32.
the election to forego the carryback is being made. This election
may not be revoked.
Example: Dave, a part-year Connecticut resident received
$1,000 in taxable interest income reported on federal
Form 1040 and $1,000 in interest from New York bonds while
a Connecticut resident. Dave would report $2,000 on Schedule
CT-SI, Part 1, Line 2.
Page 28
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