Instructions For Form Mo-Pts (Page 2 of 2) in pdf

10 — n

12 — r

Information to Complete

ine

ouseHold

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ent

our

ome

Subtract Line 9 from Line 8 and enter

Complete one Form MO-CRP, Cer t i f i c ation

Form MO-CRP

amount on Line 10. If you RENTED or

of Rent Paid, for each rented home (includ-

did not own and occupy your home for

ing mobile home or lot) you occupied

If you rent from a tax exempt

the ENTIRE YEAR, the amount you enter

during 2011. The Form MO-CRP is on the

facility, you do not qualify.

on Line 10 cannot exceed $27,500. If the

back of the Form MO-PTS.

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Enter all information requested

amount of your net household income on

on Lines 1–5. If rent is paid to a relative, the

HELPFUL HINTS

Line 10 is above $27,500, and you are not

relationship to the landlord must be indicated

eligible for the credit. There is no need to

If you receive low income housing assistance

on Line 1. Your claim may be delayed if you

complete and submit the form.

the rent you claim may not exceed 40

fail to enter all required information.

percent of your income. Please claim only

If you OWNED AND OCCUPIED your

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the amount of rent you pay or your refund

Enter on Line 6 the gross rent

home for the ENTIRE YEAR, the amount you

will be delayed or denied.

paid. Exclude rent paid for any portion of

enter on Line 10 cannot exceed $30,000. If

your home used in the production of income,

the amount of your net household income

and the rent paid for surrounding land with

You cannot claim returned check fees, late

on Line 10 is above $30,000, you are not

attachments not necessary nor maintained for

fees, security and cleaning deposits, or any

eligible for the credit. There is no need to

homestead purposes. Also, exclude any rent

other deposits.

complete and submit the form.

paid to your landlord on your behalf by any

Note: Your home or dwelling is the place in

organization.

HELPFUL HINTS

which you reside in Missouri, whether owned

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If you were a resident of a nursing

If you rent from a facility that does not pay

or rented, and the surrounding land, not to

home or boarding home during 2011, use the

real estate taxes, you are not eligible for a

exceed five acres, as is reasonably necessary

Property Tax Credit.

applicable percentage on Line 7. If you live

for use of the dwelling as a home. A home

in a hotel and meals are included in your rent

may be part of a larger unit such as a farm or

payment, enter 50 percent; otherwise enter

If your gross rent paid exceeds your house

building partly rented or used for business.

100 percent. If two or more unmarried indi-

hold in come, you must attach a detailed

11 — o

viduals over 18 years of age share a residence

ine

our

ome

statement explaining how the additional

and each pay part of the rent, enter the total

rent was paid or the claim will be denied.

If you owned and occupied your home,

rent on Form MO-CRP, Line 6 and mark the

include the amount of real estate tax you paid

Attach rent receipt(s) or a statement from

appropriate percentage on box G of Line 7.

for 2011 only. Do not include special assess-

your landlord for any rent you are

If the rent receipt is for the total rent amount,

ments (sewer lateral), penalties, service

claiming, along with Form MO-CRP.

then the percentage on box G of the Form MO-

charges, and interest listed on your tax receipt.

The rent receipt(s), or statement must

CRP must be used to determine your credit.

You can only claim the taxes on your primary

be signed by the landlord and include

If none of the reductions apply to you, enter

residence that you occupy. Secondary homes

his or her tax identification or social

100 percent on Line 7.

are not eligible for the credit.

security num ber and phone number.

If you submit more than one receipt from

Copies of cancelled checks (front and

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Multiply Line 6 by the percentage

a city or county for your residence, please

back) will be accepted if your landlord will

on Line 7. Enter this amount on Form

submit a letter of explanation.

not provide rent re ceipts, or a statement.

MO-CRP, Line 8.

If you have the same address as your land-

If your home or farm has more than five acres

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Multiply Line 8 by 20 percent

lord, please verify the number of occupants

or you own a mobile home and it is classified

and enter the result on Line 9. Add

and living units.

as personal property, a Form 948 Assessors

the totals from Line 9 on all completed

Certification must be attached with a copy

Forms MO-CRP and enter the amount on

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ine

otal

eal

state

of your paid personal or real property tax

Line 12 of MO-PTS.

ent

aid

receipt. If you own a mobile home and it is

classified as real property, a Form 948 isn’t

HELPFUL HINTS

Add amounts from Form MO-PTS, Lines

needed. In such cases, you can claim prop-

11 and 12 and enter amount on Line 13.

An apartment is a room or suite of rooms

erty tax for the mobile home and if appli-

If you owned your home, the maximum

with separate facilities for cooking and other

cable, rent for the lot. A credit will not be

amount allowed is $1,100. If you rented,

normal household functions.

allowed on vehicles and other items listed on

the maximum amount allowed is $750.

A boarding home is a house that provides

the personal property tax receipt.

You can claim the amount of your real

meals, lodging, and the residents share com-

mon facilities.

estate tax up to $1,100 if you:

If you share a home, report only the portion of

• owned your home;

real estate tax that was actually paid by you.

• owned your home for part of the year

If you use your home for business purposes,

and rented for part of the year; or

the percentage of your home that is used for

• owned a mobile home or lot.

business purposes must be subtracted from

your real estate taxes paid. If you need to use

14 — p

ine

roperty

redit

a Form 948 to calculate the amount of real

Apply Lines 10 and 13 to the Property Tax

estate tax, you must subtract the percentage of

Credit Chart on pages 41, 42 and 43 to deter-

your home that is used for business purposes

mine the amount of your property tax credit.

from allowable real estate taxes paid.

If you have another income tax or property

Example: Ruth has 10 acres surrounding her

tax credit liability, this property tax credit

house. She needs to use a Form 948, because

may be applied to that liability in accordance

she is only entitled to receive credit for 5 acres.

with Section 143.782, RSMo. You will be no-

By her calculations, she enters $500 on Form

tified if your credit is offset against any debts.

948, Line 6. Ruth also uses 15 percent of her

house for her business. She will multiply $500

by 85 percent and enter this figure ($425) on

Form MO-PTS, Line 11.

Instructions For Form Mo-Pts Page 2

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