Form 40 - Individual Income Tax Return - 2016 Page 5
Download a blank fillable Form 40 - Individual Income Tax Return - 2016 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 40 - Individual Income Tax Return - 2016 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21SCHEDULE
160006NC
NTC
2 16
Alabama Department of Revenue
Net Tax Calculation
USE ONLY IF CLAIMING TAX CREDIT(S)
NAME
SOCIAL SECURITY NUMBER
1
1
Enter tax amount from Form 40, page 1, line 17 or Form 40NR, page 1, line 19 . . . . . . . . . . . . . . .
2
2
Enter amount from Schedule CR, line 27. Enter zero if claiming credits from Schedule OC. . . .
•
3
3
Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Check this box
Go To Schedule CR
for OC credit
4
4
Enter credit from Schedule OC, Part L, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
•
5
Go To Schedule OC
5
Subtract line 4 from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6
Enter School Transfer Credit amount from Schedule AATC, Part I, line 39 . . . . . . . . . . . . . . . . . . . .
•
7
7
Subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
Enter Contribution to Scholarship Granting Organization Credit
Go To Schedule AATC
8
amount from Schedule AATC, Part III, line 20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
•
9
9
Subtract line 8 from line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Go To Schedule AAC
10
10 Enter Adoption Credit amount from Schedule AAC, Part II, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . .
•
11
11 Subtract line 10 from line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Go To Schedule ANM
12
12 Enter Alabama New Markets Development Credit from Schedule ANM, line 3 . . . . . . . . . . . . . . . . .
•
13
13 Subtract line 12 from line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
Go To Schedule HTC
14 Enter Historic Tax Rehabilitation Credit from Schedule HTC, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . .
•
15
15 Subtract line 14 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
Go To Schedule DEC
16 Enter Career Technical Dual Enrollment Credit from Schedule DEC, line 9. . . . . . . . . . . . . . . . . . . .
•
17
17 Subtract line 16 from line 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
Go To Schedule AJA
18 Enter Alabama Jobs Act Investment Credit from Schedule AJA, line 7 . . . . . . . . . . . . . . . . . . . . . . .
•
19
19 Subtract line 18 from line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
20 Enter Alabama Renewal Act – Port Credit from Schedule ARA, Part I, line 3 . . . . . . . . . . . . . . . . . .
Go To Schedule ARA
•
21
21 Subtract line 20 from line 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
22 Enter Alabama Renewal Act – Growing Alabama Credit from Schedule ARA, Part III, line 4 . . . . .
•
23
Return to Page 1
23 Subtract line 22 from line 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CAPITAL CREDIT – You must attach Form K-RCC to your Alabama return.
24a Enter your Project Number assigned by the Alabama Department of Revenue • _______________________ .
24b Name of project entity entitled to the Capital Credit ________________________________________________________________
24c Enter Capital Credit available from Schedule K-RCC, line 7 or pro rata share of credit
•
24c
from Schedule K-1. FEIN of Entity ____________________________. . . . . . . . . . . . . . . . . . . . . . .
25 Net tax due Alabama. Subtract line 24c from line 23. If amount less than zero, enter zero.
•
25
Enter amount on Form 40, Page 1, line 18 or Form 40NR, Page 1, line 20 . . . . . . . . . . . . . . . . . . . .
DOR
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial