Form It-40 - Indiana Full-Year Resident Individual Income Tax Return - 1999 Page 3
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5Schedules 1 & 2
Attachment
Schedule 1: Indiana Deductions
Sequence No. 01
Form IT-40, Revised 9/99
(Schedule 2 begins after line 19 below)
SF# 47908
Enter your first name, middle initial and last name and spouses full name if filing a joint return
Your Social
Security Number
Instructions for Schedule 1 begin on page 10.
1. Renter’s deduction: Address where rented if different from the one on the front page
_________________________________________ Landlord’s name and address
Please round all entries to nearest
whole dollar (see instructions, pg 7)
_________________________________________ Amount of rent paid $_____________
1
Number of months rented ______ Enter the lesser of $2,000 or amount of rent paid ..........
2. Residential Homeowner’s Property Tax deduction: Address where property tax was paid if
different from front page ____________________________________________________
Number of months lived there _________
Amount of property tax paid $ ____________
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Enter the lesser of $2,500 or the actual amount of property tax paid .....................................
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3. State tax refund reported on federal return (see page 11) .....................................................
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4. Interest on U.S. Government Obligations (see page 11) ........................................................
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5. Taxable Social Security benefits (see page 11) .....................................................................
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6. Taxable Railroad Retirement benefits (see page 11) .............................................................
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7. Military Service deduction: $2,000 maximum for qualifying individual (see page 11) ............
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8. Non-Indiana Locality Earnings deduction:$2,000 maximum per qualifying person
(see page 12)
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9. Insulation deduction: $1,000 maximum: attach verification (see page 12) ...........................
10. Disability Retirement deduction:$5,200 maximum per qualifying person (see page 12)
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Attach Schedule IT-2440 ........................................................................................................
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11. Civil Service Annuity deduction: $2,000 maximum per qualifying person (see page 12) .......
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12. Nontaxable portion of Unemployment Compensation (see page 13) .....................................
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13. Indiana Lottery Winnings (see page 13) ................................................................................
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14. Indiana Net Operating Loss deduction: attach Schedule IT-40NOL (see page 13) ...............
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15. Enterprise Zone Employee deduction: attach Schedule IT-40QEC (see page 13) ................
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16. Recovery of deductions (see page 14) ..................................................................................
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17. Human Services deduction (see page 14) .............................................................................
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18. Other deductions: list source(s) and amounts (see page 14)_________________________
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19. Add lines 1 through 18 and enter total on line 6 of Form IT-40 ................. Total Deductions
Schedule 2: Indiana Credits
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1. Credit for Local Taxes Paid Outside Indiana (see page 24) ..................................................
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2. County Credit for the Elderly: attach federal Schedule R (see page 25) .............................
3. Other Local Credits: List source(s) and amounts (see page 26) ____________________
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Important: Lines 1 plus 2 & 3 cannot be greater than the county tax due on IT-40 line 15 (see page 26)
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4. College Credit: Attach Schedule CC-40 (see page 26) ........................................................
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5. Credit for Taxes Paid to Other States: attach other state's return (see page 26) ..................
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6. Research Expense Credit: attach Form IT-20REC (see page 27) ........................................
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7. Neighborhood Assistance Credit: attach Schedule NC-20 (see page 27) ............................
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8. Enterprise Zone Credits (attach appropriate schedule: see page 27) ...................................
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9. Teacher Summer Employment Credit: attach Schedule TSE (see page 28) ........................
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10. Twenty-First Century Scholars Program Credit (see page 28) ..............................................
11. Other Credits: List source(s) and amounts (see page 28)__________________________
Important: Lines 4 through 11 added together cannot be greater than the state adjusted
11
gross income tax due on IT-40 line 14 (see instructions on page 29) ...................................
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12. Add lines 1 through 11 and enter total on line 24 of Form IT-40 .......................Total Credits
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