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Form Schedule ND-1QEC Fillable Qualified Endowment Fund Tax Credit
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)
$1 000 but only $400 is needed to reduce $1 000 to Qualified Endowment Fund B $5 000 contributed to Qualifi ed Endowment (a) Name of qualified endowment fund [1]) (a) Name of qualified endowment fund [1]) (a) Name of qualified(b) Address (c) Total amount (contributed [1]) (contributed [1]) (number street apt no city state ZIP code [1]) (number street apt no city state ZIP code [1]) (on Schedule A) Unchecked (Social Security Number) (Taxpayer s name as shown on return) 1 It is held by a qualifi ed nonprofit 1 It is incorporated or established in North 12 Subtract line 11 from line 10 If result is less than zero enter 013 14 Add lines 12 and 13 2 It is comprised of cash securities 2 It is tax exempt under I R C 501(c) 2013 credit Multiply line 4 by 40% ( 40) 2013 return the unused portion may be 2013 Schedule ND 1QEC instructions 3 It is a charitable donee organization as 3 It is established for a specifi c religious 4 It may expend only the income 9 Unused credit carryover to 2014 tax year A for a total contribution of $6 000 for A is at least $5 000 the tax credit is allowed account (IRA) under Internal Revenue added back into North Dakota taxable address of each qualified endowment fund Adjustment amount Enter the smaller of line 4 or line 14 Enter this amount on Form ND 1 Adjustment to North Dakota taxable income Adjustment to taxable income North Amount of contribution eligible for credit Enter smaller of line 2 or line 3 Amount of line 7 used to reduce tax in 2013 See instructions Enter this amount on An individual is allowed an income tax assets at least $5 000 during the 2013 tax year Do not enter the information for a qualified endowment fund to Attach to Form ND 1 based on contributions made in the 2012 tax because the transferred monies which by the amount of the charitable contribution Calculation of credit carried over and used on subsequent tax charitable contributions totaling $4 000 charitable contributions totaling $4 000 to charitable contributions totaling $5 000 to Code section 408(d) enter that amount on contributed to Qualified Endowment Fund contributed to Qualified Endowment Fund B contribution made to a qualifi ed endowment contribution of $500 at the beginning of contribution on Schedule A? contribution requirement In column (c) contribution that is the basis for this credit contributions totaling at least $5 000 during contributions totaling at least $5 000 to a credit because the total amount contributed credit Do not enter any information for credit for making one or more charitable credit on line 7 that is being carried over to Dakota and has a physical presence in Dakota taxable income must be increased defined under I R C 170 does not qualify for the credit because it is each month to Qualified Endowment Fund educational or other charitable purpose endowment fund (number street apt no city state ZIP code) contributed endowment fund means a permanent endowment fund tax credit they must be enter $25 000 enter any information for either of the funds Enter on this line only that portion of the Enter the allowable portion of an unused Enter the federal standard deduction that you would have been allowed on your 2013 Enter the name address and the total amount contributed for each qualified endowment fund to which you contributed Enter the portion of the total allowable enter the total amount contributed to each Example 1 A taxpayer makes one or more Example 2 A taxpayer makes one or more Example 3 A taxpayer makes one or more Example 4 A taxpayer makes a charitable example if the allowable credit on line 7 is extent that the contribution results in a following: for Qualified Endowment Fund A on Form 1040 had you not itemized deductions on Schedule A (Form 1040) See the instructions from federal taxable income To the extent Fund A qualifies for the credit The $1 000 fund by means of a trustee to donee transfer General instructions generated by or the increase in value of However see "Adjustment to taxable income" in instructions If line 2 includes an amount transferred from an individual retirement account (IRA) to a If the amount on line 2 includes a charitable If the entire credit cannot be used on the If you are only carrying over an unused credit from 2012 do not complete lines 10 through 15 If you are only carrying over an unused credit from 2012 skip lines 1 through 5 and go to line 6 If you used Form 1040 and itemized your deductions on Schedule A for 2013 did you deduct the In columns (a) and (b) enter the name and income instructions to the 2013 Form ND 1 line 4a irrevocable fund that meets all of the less than $5 000 Only enter the information Line 1 Line 13 line 4a Line 6 Line 8 Line 9 Maximum contribution eligible for credit If married filing jointly enter $50 000; otherwise may not be used as the basis for any other more charitable contributions totaling $1 000 mutual funds or other investment ND 1QEC ND 1QEC Qualified endowment fund No double benefit A charitable No Skip lines 10 and 11 enter 0 on line 12 and go to line 13 none of the contributions qualify for the North Dakota North Dakota Office of State Tax Commissioner of monies from an individual retirement of the application of the $5 000 minimum on Schedule ND 1QEC on the entire $6 000 Enter the information or more charitable contributions totaling organization (as defined below) organization that meets all of the following: Please type or print in black or blue ink See separate instructions Qualifi ed nonprofit organization A qualifi ed nonprofit organization means an qualified endowment contribution (reported on line 2 of Schedule ND 1QEC) as a charitable qualified endowment fund Qualified Endowment Fund A and one or Qualified Endowment Fund A Because the Qualified Endowment Fund A on Schedule Qualified endowment fund A qualified qualified endowment fund credit if any qualified endowment fund entered in column Qualified endowment fund information qualified endowment fund under Internal Revenue Code section 408(d) enter that amount on reduction to federal taxable income See the Schedule ND 1QEC Schedule ND 1TC line 18 Schedule North Dakota Office of State Tax Commissioner Specific line instructions tax credit tax credit allowed for income tax purposes Taxpayer's name as shown on return Social Security Number the 2013 tax year See below for examples the 2014 tax year the assets contributed to it the tax to zero enter $400 on line 8 the tax year Because the total amount these monies are the basis for the qualified they not been contributed are excluded this line A charitable contribution made in this line; otherwise enter zero See instructions this manner reduces federal taxable income to either fund is not at least $5 000 Do not to Qualified Endowment Fund A and one to Qualified Endowment Fund B Only the to reduce the tax on the 2013 return For to the 2013 Form 1040 line 40 for amount to enter on this line to which you made one or more charitable total allowable credit on line 7 that is used Total amount contributed Add the amounts in column (c) of line 1 total amount contributed is less than $5 000 Total available credit Add lines 5 and 6 Unused credit carryover if any from prior tax year(s) upon which the credit is computed to the which you contributed less than $5 000 during the tax year would be subject to federal income tax had years returns for up to three years Yes Enter the amount deducted on Schedule A (Form 1040)