Screen MEProp - Maine Property Tax Fairness Credit (1040)

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Overview

Use this screen to enter data to complete Schedule PT/STFC, Property Tax Fairness Credit/Sales Tax Fairness Credit.

General Information

Use this section to enter data required to calculate the Property Tax Fairness Credit and Sales Tax Fairness Credit.

Tax and Rental Information

Use this section to complete data about the property taxes or rent paid to be used to calculate the credit.
Property tax paid during
UltraTax CS transfers down the total property taxes for the primary resident claimed on federal Schedule A including any amount transferring from self employment or Form 2106 home offices calculation that are included in federal Schedule A. If the calculated amount is for property greater than ten acres or if it needs to be adjusted for business use or special assessment, overrule the calculated amount.
Rent paid for
Enter the rent paid for the portion of the home that is not related to business or shared by non-family member. If rent includes heat, utilities, etc. mark the box. If the rent does not include a break out of how much of the rent is used to cover these items 15 percent of the rent paid will be considered as utilities.

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