Screen NHAdj - New Hampshire Adjustments to Income (1040)

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Overview

Use this screen to complete portions of Form DP-10.

Interest and Dividend Income

Interest and dividend income from the federal
B&D
,
K1
, and
K1T
screens transfer to the statement windows attached to these fields. To prevent transfer to these fields, make one of the following entries in the statement window in the federal screen:
  • Enter
    F
    in the
    F/S
    field to indicate that the item is for the federal return only.
  • Enter
    S
    in the
    F/S
    field and a non-
    NH
    postal code in
    State
    to indicate that the item only transfers to the state specified and is ignored for federal purposes.
For New Hampshire source interest and dividends reportable on part-year resident New Hampshire returns, you'll need to enter
NH
in
State
.
For part-year residents,
Force
fields are available in these statement windows to override the calculated in-state source amounts on an item-by-item basis.
Part-year nontaxable income
If you haven’t used the in-state source percent fields for interest and dividends data entry in the
B&D
,
Broker
,
K1
, or
K1T
screen, use this field to enter that portion of income that the taxpayer received while not a New Hampshire resident. You may also use this field to show an adjustment to the calculated amounts.

Adjustments

Information in this section is used to complete Form DP-10.
Taxable annuities and distributions from S corporation, partnership, or fiduciary
Cash, marketable securities and property distributions are transferred to this statement from the federal
K1-5
screen and may be edited as necessary. In the statement window, enter the total amounts as well as nontaxable amounts of distributions from S corporations, partnerships, fiduciaries, and other sources subject to the interest and dividends tax.
Nontaxable short term capital gains
In the statement window, enter any nontaxable short-term capital gains excludable from New Hampshire taxable income.
note
Don't include any amounts already listed as capital gain distributions in the
B&D
,
K1
, and
K1T
screens.

Credits

Information in this section is used to complete Form DP-10.
Education tax credit
Enter the enabled amount from the Education tax credit application approved by New Hampshire (RSA77-G).

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