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Form Schedule 1-Wkst-Line 2k Fillable Schedule 1, Line 2k
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)
5122(2)(EE) and 6232(1 A) 5122(2)(U) (including a Safe Harbor resident servicemember) in total income when computing the applicable rate of tax imposed on other (Public Law No 108 189 Section 511(d)) prevents states from including the military compensation of a nonresident servicemember 10 M R S 9205 14 the amount of volunteer benefits you received up to $750 to the extent included in federal adjusted gross income 36 M R S 2d Applies to tax years beginning on or after January 1 2011 36 M R S 5122(2)(HH) 31 1945 in Nazi Germany or in any European country allied with or occupied by Nazi Germany as a result of discriminatory 36 M R S 5122(1)(CC) 36 M R S 5122(2)(DD) 5122(2)(FF) 5122(2)(K) 5122(2)(P) 5122(2)(V) 5122(2)(W) and 5122(2)(CC) 5884 line 2 or federal Form 8844 line 2 (Owners of pass through entities enter your share of the amount from line 3 of these a family development account in connection with an approved community development organization Account balances and accordance with Internal Revenue Code sections 1245 and 1250 realized on the sale of multi family affordable housing property adjusted gross income due to an ownership share in the financial institution that is a partnership S corporation or entity All items of income gain interest dividends royalties and other items of allowable federal NOL carryforward period plus the number of years the subtraction modification was suspended The deduction amount equal to the amount of the reduction in federal taxable income related to vessel earnings from fishing operations that were amount of military retired pay to the extent included in federal adjusted gross income but which is not claimed for the pension Amount of the reduction in your salaries and wages expense deduction related and capital gains from the sale of bonds issued relative to the Maine Waste Management and Recycling Program to the extent beginning in 2009 2010 and 2011 The carryover period for suspended NOL recapture subtraction modifications is equal to the by Maine in order to complete Form 1040ME Schedule 1 line 2k Include only items specifically listed below by the loss in the year of the loss Individual shareholders of an electing S corporation may also recapture an NOL addition capital gains from the sale of program bonds 15 certified by the Maine State Housing Authority A copy of the MSHA certificate must be attached to the return 36 M R S 5122(2) claim the seed capital investment tax credit and the credit is refundable to those entities The refundable portion of the credit is claimants who are at least 60 years of age to earn benefits up to a maximum $750 by volunteering to provide services to the compliance with written military orders Military compensation is military pay (1) for active duty service in the active components component survivor benefit plan in accordance with 10 United States Code Chapter 73 are exempt from Maine individual income contributed to a capital construction fund 36 M R S 5122(2)(I) credit allowed under 36 M R S 5216 B to the extent included in federal adjusted gross income Private venture capital funds may deduct an amount equal to the net operating loss carried back for federal tax purposes that was required to be added back to Discharge of indebtedness 6 disregarded as separate from its owner Also enter the employer identification number of the financial instutitution 36 M R S Earnings from fi shing operations contributed to a capital construction fund 11 employee A qualified employee is one who is a Maine resident and worked for an employer located in Maine 36 M R S enter more than the benchmark loan payment (see the Worksheet for Educational Opportunity Tax Credit) multiplied by the number enter on this line the amount of military compensation earned during the taxable year for service performed outside of Maine in equal to the federal income recovery amount included in federal adjusted gross income that is related to a federal deduction in a evidences of indebtedness or interest on them are exempt from Maine individual income tax Enter on line 13 the amount of excluded from Maine taxable income 36 M R S 5122(2)(JJ) Family Development Account proceeds 10 financial institution (EIN of fi nancial institution ) 16 first taxpayer (the Holocaust victim or the spouse or descendant of the Holocaust victim) receiving a Holocaust victim settlement Form 1040ME Schedule 1 line 2k) 21 forms to the extent not included on line 2) 36 M R S 5122(2)(B) from them including any profit on their sale and all activities of the corporation and fees charges funds revenue income and Governor of Maine Applies to tax years beginning on or after January 1 2014 36 M R S 5122(2)(LL) Holocaust victim is an individual who died lost property or was a victim of persecution between January 1 1929 and December Holocaust victim Settlement Payments 9 hours or more per week in Maine during the tax year and accept patients who receive MaineCare benefits 36 M R S 5122(2) Include the taxpayer s distributive share of each item from partnerships S corporations and other pass through entities included in federal adjusted gross income 38 M R S 2218 income deduction allowed by 36 M R S 5122(2)(M 1) Dentists may claim this deduction only if they practice an average of 20 income earned by the nonresident servicemember or their spouse that is subject to tax by Maine income from investments in the Northern Maine Transmission Corporation to the extent included in federal adjusted gross income income modification in 2009 or 2010 Generally the recognition of this income was deferred until 2014 for federal tax purposes In Income Modifications Other Subtractions income of a pass through financial institution due to an ownership share in the individual income tax Enter on line 9 Holocaust victim settlement payments included in federal adjusted gross income A information contact the Finance Authority of Maine 10 M R S 1077(4) laws policies or actions targeted against discrete groups of individuals based on race religion ethnicity sexual orientation or lender by your employer on your behalf to the extent the payments are included in your federal adjusted gross income Do not Line 1 Net Operating Loss (NOL) recapture For Maine tax purposes taxpayers may in years subsequent to the year of the loss Line 10 Family Development Account Proceeds Individuals whose family income is below 200% of the poverty level may open Line 11 Earnings from fi shing operations A subtraction modification is allowed on the Maine individual income tax return in an Line 12 Military retired pay received by certain dentists Certain licensed dentists may reduce Maine taxable income by the Line 13 Northern Maine Transmission Corporation investment income The Northern Maine Transmission Corporation is a Line 14 Municipal property tax benefits for senior citizens A municipality by ordinance may adopt a program that permits Line 15 Maine Waste Management and Recycling Program Revenue obligation securities issued on behalf of the Maine Waste Line 16 Income from ownership share in a fi nancial institution Enter on this line all items of income gain interest dividends Line 17 Income from depreciation recapture on the sale of multi family affordable housing property To the extent not otherwise Line 18 Maine seed capital credit refundable distributions Enter the refundable portion of the Maine seed capital investment tax Line 19 Sale of eligible timberlands A subtraction modification is allowed on the Maine individual income tax return equal to 6 2/3% Line 2 Non Maine active duty military pay This deduction is limited to that portion of the tax year during which you were a Maine Line 20 New markets capital investment credit A subtraction modification is allowed on the Maine individual income tax return equal Line 3 Military compensation received by a nonresident servicemember The federal Servicemembers Civil Relief Act SCRA Line 4 Military annuity payments made to a survivor of a deceased member of the military as a result of service in the active or Line 5 Standard Deduction Recovery amounts A subtraction modification is allowed on the Maine individual income tax return Line 6 Discharge of indebtedness Enter on this line income recognized at the federal level through the deferral of income from Line 7 Student loan payments made by employers Enter on this line the amount of student loan payments made directly to a Line 8 Amount of the reduction in your salaries and wages expense deduction A subtraction modification is allowed on the Line 9 Holocaust victim settlement payments Settlement payments received by Holocaust victims are exempt from Maine M R S 5219 HH) Maine income under 36 M R S 5122(1)(H) and 5122(1)(M) except that this NOL deduction was suspended for tax years Maine individual income tax return in an amount equal to the reduction in your salaries and wages expense deduction directly Maine seed capital credit distributions from a private venture capital fund 18 Maine Waste Management & Recycling Program interest income and Management and Recycling Program constitute a proper public purpose and the securities their transfer and the income from may not reduce Maine taxable income to less than zero and must be reduced by any Maine income that was previously offset Military annuity payments made to a survivor of a deceased member of the military 4 Military compensation received by a nonresident servicemember 3 Military retired pay received by certain licensed dentists 12 mission or a declared state or federal disaster response when the orders were either at federal direction or at the direction of the modification claimed by the entity in a year the corporation was taxed as a C corporation For more information on Maine s Municipal property tax benefits for senior citizens 14 municipality The amount of the benefits received during the tax year are exempt from Maine individual income tax Enter on line national origin A Holocaust victim includes the spouse or descendant of a Holocaust victim The exemption applies only to the Navy Air Force Marines or Coast Guard or in the Maine National Guard if such service was in support of a federal operational Net operating losses carried forward from previous tax years 1 New markets capital investment credit 20 no event may the aggregate amount claimed on this line exceed the total addition modifications claimed for 2009 and 2010 under Non Maine active duty military pay received by a Maine resident 2 Northern Maine Transmission Corporation investment income 13 of months your employer made qualified loan payments NOTE: You may claim this deduction only if you received an associate of the gain from the sale of sustainably managed eligible timberlands that is included in federal adjusted gross income 36 M R S of the United States Army Navy Air Force Marines or Coast Guard if your permanent duty station during the performance of such opportunity program 7 or bachelor s degree after 2007 and only with respect to loan payments made during that part of the tax year you were a qualified other money of the corporation whether or not pledged or available to pay or secure the payment of those bonds notes or other payment Enter on this line the following settlement payments eligible for the exemption: 1) payment as a result of the taxpayer s prior tax year for which the taxpayer did not receive a tax benefit on the Maine return 36 M R S 5122(2)(GG) public and governmental purpose Those bonds notes or other evidences of indebtedness the interest on them and the income public instrumentality of the State All bonds notes or other evidences of indebtedness issued on behalf of the Northern Maine recapture from the sale of multi family affordable housing property 17 related to claiming the federal Work Opportunity Credit or Empowerment Zone Credit These amounts are reported on federal Form removed from Maine income enter the total amount of capital gains and ordinary income resulting from depreciation recapture in reserve components of the United States Army Navy Air Force Marines or Coast Guard under a survivor benefit plan or reserve resident To the extent included in federal adjusted gross income and to the extent not otherwise removed from Maine income Revised December 2015 royalties and other items of income of a financial institution subject to the Maine franchise tax that are included in your federal Sale of eligible timberlands 19 See pages 2 and 3 for a description of each item listed below service was located outside of Maine; OR (2) for active duty service in the active or reserve components of the United States Army settlement payment accumulated through the date of payment 36 M R S 5122(2)(O) Standard deduction recovery amounts 5 status as a Holocaust victim; 2) payment as a result of the settlement of a Holocaust related claim; and 3) interest on any Student loan payments made by your employer under the Maine educational tax The deduction must exclude any amount included in the Maine pension income deduction on Form 1040ME Schedule 1 line TAXPAYER NAME: EIN/SSN: the discharge of certain business indebtedness in accordance with Internal Revenue Code 108(i) claimed as a Maine addition The total of capital gains and ordinary income resulting from depreciation them including any profits made on their sale are exempt from Maine individual income tax Enter the amount of interest income to any income recognized from the new markets capital investment credit that is included in federal adjusted gross income 36 to claiming the federal Work Opportunity Credit or Empowerment Zone Credit 8 Total Other Subtractions (add lines 1 through 20 and enter the total here and on Transmission Corporation are issued by a political subdivision or a body corporate and politic of the State and for an essential treatment of NOL s go to www maine gov/revenue/forms (select Income Tax Guidance Documents) 36 M R S 5122(2)(H) Use this worksheet to list Other Subtraction Income Modifications for amounts that are taxable by the federal government but not withdrawals are exempt from Maine individual income tax to the extent included in federal adjusted gross income For more Worksheet for Form 1040ME Schedule 1 Line 2k