Schedule
North Dakota Office of State Tax Commissioner
ND-1CS
Calculation of tax on proceeds from
2012
sale of income tax credit
Attach to Form ND-1
Please type or print in black or blue ink.
Your name (First, MI, Last name)
Your social security number
Before completing this schedule, complete Form ND-1, lines 1 through 19.
If using either Schedule ND-1FA or Schedule ND-1NR, see "How to complete this form."
1. North Dakota taxable income - Enter the amount from Form ND-1, line 19. However, if using
Schedule ND-1FA, enter the amount from line 3 of that schedule. If less than zero, enter 0.
(C1) 1
2. Gross proceeds - Enter the gross proceeds from the sale of the credit
(C2) 2
3. Were the gross proceeds (on line 2) included in federal taxable income?
Yes
No
(C3) 3
4. If line 3 is Yes, enter the amount from line 1. If line 3 is No, add lines 1 and 2 and enter the
(C4) 4
result on this line, and then enter -0- on line 7c and go to line 8
5. Were the gross proceeds (on line 2) reported as a long-term capital gain on the federal return?
Yes
No
(C5) 5
If line 5 is Yes, go to line 6.
If line 5 is No, enter -0- on line 7c, and go to line 8.
6. Was a long-term capital gain exclusion claimed on Form ND-1, line 8?
Yes
No
(C6) 6
If line 6 is Yes, go to line 7a
If line 6 is No, enter -0- on line 7c, and go to line 8.
7a
7. a. Enter the amount from Form ND-1, line 8
b. Multiply line 2 by 30% (.30)
7b
(C7) 7c
c. Enter smaller of line 7a or 7b
8. Add lines 4 and 7c
8
9
9. Subtract line 2 from line 8. If less than zero, enter -0-
10. Tax on North Dakota taxable income without proceeds -
If using Schedule ND-1FA, see the instructions. Otherwise,
figure the tax on the amount on line 9 using the 2012 Tax
(C10) 10
Table on page 20 of the instructions for Form ND-1
11. Enter larger of line 2 or line 8
11
12. Tax on North Dakota taxable income with proceeds - If using Schedule ND-1FA, see the
instructions. Otherwise, figure the tax on the amount on line 11 using the 2012 Tax
Table on page 20 of the Form ND-1 instructions
(C12) 12
Full-year resident - If the taxpayer (and taxpayer's spouse, if filing jointly) are full-year
residents, skip lines 13 through 18, and go to line 19.
Full-year nonresident or part-year resident - If the taxpayer (or taxpayer's spouse, if
filing jointly) is filing as a full-year nonresident or part-year resident, go to line 13.
13. a. If Line 3 is Yes, enter amount from Schedule ND-1NR,
line 16; otherwise, skip lines 13 and 14, and go to line 15
13a
b. Subtract line 2 from line 13a
(C13) 13b
14. a. Enter amount from Schedule ND-1NR, line 17
14a
b. Subtract line 2 from line 14a
(C14) 14b
15. If required to complete lines 13 and 14, divide line 13b by line 14b (round to nearest
four decimal places); otherwise, enter the ratio from Schedule ND-1NR, line 18
(C15) 15
16. Multiply line 10 by line 15
16
17. Subtract line 10 from line 12
(C17) 17
18. Add lines 16 and 17
18
19. Tax - If the taxpayer (and taxpayer's spouse, if filing jointly) are full-year residents, enter
amount from line 12. If the taxpayer (or taxpayer's spouse, if filing jointly) is a full-year
nonresident or part-year resident, enter amount from line 18. Enter the amount from
this line on Form ND-1, line 20.
(C19) 19