Instructions For Form K-40h Page 3
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6Line 10 — Total Household Income
CAUTION: Your annual statement from your
mortgage company or some 1998 property
Add lines 4 through 9 and enter the total on line
tax receipt is NOT acceptable. If you do not
10.
have a property tax statement, contact your county
To help expedite your refund claim, it is
clerk and request a copy for homestead purposes.
suggested that you enclose a copy of pages
If you owned and lived in more than one homestead
1 and 2 of your federal return (Form 1040, 1040A or
during 1998, enclose a copy of the 1998 property tax
Form 1040EZ), statements from SRS and Social
statement for each homestead. If, during 1998, you
Security, and other documentation of income amounts
sold a homestead you owned and occupied, you must
shown on lines 4 through 9.
enclose proof of the general property tax you paid
before or at the time your homestead was sold. A copy
If the amount on line 10 is more than
of the real estate closing statement is acceptable.
$25,000, you do not qualify to file a
homestead claim.
Mobile Home Owners and Manufactured Home
Owners: If you own your mobile home or
manufactured home, enter on line 11 the personal
property taxes paid on your home, as well as the
EXEMPT INCOME
general property tax paid on the land. Enclose both
tax statements with Form K-40H.
You are not required to complete this section.
However, we may be able to process your claim for
If you own your mobile home, but rent the land or
refund more quickly if you furnish this additional
lot on which it sits, complete a Schedule RNT for the
information.
rent paid on the land. Enter the amount from line 5 of
Schedule RNT on line 12 of Form K-40H.
Enter the total received during 1998 by all
household members (including minor children) from
Farm Owners: If your homestead is part of a farm
each of the sources listed — child support, personal
covered by a single property tax statement, you may
and student loans, etc. For example, if you received
use only the general property tax paid on the
child support of $50 per month, enter $600 ($50 x 12
HOMESITE.
months) in the child support box. Enter under “Other”
the wages received by a minor child, and any other
OWNER’S STATEMENT
income not considered to be household income (see
“What is Household Income” on page 3).
You MUST complete the “Owner’s Statement”
section on the back of Form K-40H if the name on
HOMESTEAD REFUND — Lines 11 through 15
your 1998 property tax statement:
is followed by “et al” (and others),
Line 11 — Owner
has two or more names on it, OR
If you own your home, enter on line 11 the 1998
general property tax you have paid or will pay by next
does not include your name.
June, as shown on your 1998 tax statement. DO NOT
Tenants in Common: You must also complete the
include:
“Owner’s Statement” if the title to your homestead is
special assessment taxes, such as those levied
in your name and the name(s) of another person(s)
for paving, streets, solid waste, or guttering;
other than a member of your household as tenants in
charges for services, such as sewer services;
common. Only the portion of the general property tax
that reflects your ownership percentage is to be
interest or late charges;
entered on line 11. Enter your percentage of ownership
taxes on agricultural or commercial land.
in the space provided in the “Owner’s Statement”
If the claimant died during 1998, follow the special
section on the back of Form K-40H.
decedent instructions beginning on page 4.
Rental or Business Use of Homestead: If a
1998 Property Tax Statement
portion of your homestead was rented to others or
used for business purposes during 1998, you may
You must enclose a copy of your 1998
only claim the amount of property taxes paid on the
property tax STATEMENT to verify the
portion of your homestead you used for personal
amount entered on line 11. This copy will not be
purposes.
returned.
Page 17
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