Instructions For Forms 740 And 740-Ez - Kentucky Individual Income Tax Return - 2011 Page 25
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30Line 23—Use this line to report job-related expenses you paid
ment showing the type and amount of each expense. Enter
for which you were not reimbursed. You MUST first fill out
one total on Line 25. Examples of these expenses are:
Form 2106, Employee Business Expenses, or Form 2106-EZ,
Safe deposit box rental.
Unreimbursed Employee Business Expenses, if you claim any
Certain legal and accounting fees.
unreimbursed travel, transportation, meal or entertainment
Clerical help and office rent.
expenses for your job; or your employer paid you for any of
your job-related expenses reportable on Line 23.
Custodial (e.g., trust account) fees.
Your share of the investment expenses of a regulated
Enter the amount of unreimbursed employee busi-
investment company.
ness expense from Form 2106 or 2106-EZ on Line 23 of
Certain losses on nonfederally insured deposits in an
Schedule A.
insolvent or bankrupt financial institution. For more
If you do not have to fill out Form 2106 or 2106-EZ, list the
information (including limits on the amount you can
type and amount of your expenses in the space provided. If
deduct), see federal Publication 529.
you need more space, attach a statement showing the type
Deduction for repayment of amounts under a claim of
and amount of the expense. Enter one total on Line 23.
right if $3,000 or less.
Expenses related to an activity not engaged in for profit.
Examples of expenses to include on Line 23 are:
These expenses are limited to the income from the
activity that you reported on federal Form 1040, Line 21.
Travel, transportation, meal or entertainment expense.
See Not-for-Profit Activities in federal Publication 535,
(Note: If you have any of these expenses, you must
Business Expenses, for details on how to figure the
use Form 2106 or 2106-EZ for all of your job-related
amount to deduct.
expenses.)
Line 29—Other Miscellaneous Deductions
Union dues.
Use this line to report miscellaneous deductions that are NOT
Safety equipment, small tools and supplies required for
subject to the 2 percent adjusted gross income limit. Only the
your job.
expenses listed below can be deducted on Line 29.
Uniforms required by your employer, which you may not
Expenses NOT Subject to the 2 Percent Limit
usually wear away from work.
Gambling losses to the extent of gambling winnings.
Gambling winnings must be included in federal adjusted
Protective clothing, required in your work, such as hard
gross income (Form 740, Line 5). (Note: Gambling losses
hats and safety shoes and glasses.
must be verified by supplemental records. These include
a diary and unredeemed tickets, payment slips and
Physical examinations required by your employer.
winning statements.)
Dues to professional organizations and chambers of
Federal estate tax on income in respect of a decedent.
commerce.
Amortizable bond premium on bonds acquired before
October 23, 1986.
Subscriptions to professional journals.
Deduction for repayment of amounts under a claim of
Fees to employment agencies and other costs to look for
right if more than $3,000. See federal Publication 525.
a new job in your present occupation, even if you do not
Unrecovered investment in a pension.
get a new job.
Impairment-related work expenses of a disabled person.
Business use of part of your home but only if you use
Casualty and theft losses of income-producing property.
that part exclusively and on a regular basis in your work
List the type and amount of each expense. Enter one total
and for the convenience of your employer. For details,
on Line 29. For more information on these expenses, see
including limits that apply, see federal Publication 587,
federal Publication 529.
Business Use of Your Home.
Note: A credit for tax paid to another state on gambling
Education expenses you paid that were required by your
income may be allowed if the income is taxed by both Ken-
employer, or by law or regulations, to keep your salary
tucky and the other state. However, if you have paid tax on
or job. In general, you may also include the cost of
gambling income in another state and you claimed an item-
keeping or improving skills you must have in your job.
ized deduction on your Kentucky Schedule A for losses, the
For more details, see federal Publication 508, Educational
allowable credit may be reduced or eliminated.
Expenses. Some education expenses are not deductible.
See “Expenses You MAY NOT Deduct. ”
Line 30—Total Itemized Deductions
Dividing Deductions Between Spouses—Married taxpayers
Line 24—Use this line to report tax return preparation fees
who are filing separate returns or a combined return but using
paid during the taxable year including fees paid for filing
only one Schedule A must divide the itemized deductions.
your return electronically.
Complete page 2, Part I, Lines 1 through 5. If one spouse is
Line 25—Use this line for amounts you paid to produce or
not required to file a Kentucky return, total deductions may
collect taxable income and manage or protect property held
be divided between them based on the percentage of each
for earning income. List the type and amount of each expense
spouse’s income to total income or separate Schedules A
in the space provided. If you need more space, attach a state-
may be filed.
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