Mississippi Non Resident Return/Part Year Income Subject to Tax
Interest Income (Line 39 on NR Return)
Enter interest received or credited to your account during the tax year on bank deposits, notes, mortgages and corporation bonds. Interest on bonds is considered income when received or credited. Interest income from obligations of the U.S. Government, the State of Mississippi and subdivisions thereof, is exempt. Interest on obligations of other countries, states, cities, or political subdivisions outside Mississippi is taxable.
Line 41 - Dividends (Line 40 on NR Return)
Report the amount of all dividends received during your tax year. Dividends include distributions of money as well as property.
Alimony Received (Line 41 on NR Return)
Enter the amount received as alimony and separate maintenance payments. The recipient of alimony must include the amount received
Business Income or Loss (Line 35 on NR Return)
Enter your profit or loss if you owned a business or practiced a profession. If you had more than one business, or if you and your spouse had separate businesses, complete a Schedule C for each business. If the Mississippi net profit or loss amount varies from the Federal Schedule C net profit or loss, then provide a reconciliation. If you enter the federal amount on this line, but there is a difference between Mississippi and federal amounts, enter the adjustment on Schedule
Capital Gain or Loss (Line 36 on NR Return)
Enter the amount of capital gain or loss. Mississippi generally follows IRS rules concerning computation of capital gains and losses. Capital loss deductions are subject to the same limitations as federal. However, Mississippi does not have different tax rates for capital gains. All income is taxed at the same rate. Gains from the sales of ownership interests must first be reduced by the amount of any losses determined from sales or transactions described in section 27-7-9(f)(10)(A). If the amount reported on this line is different than the amount reported for federal purposes, a reconciliation should be attached. If you enter the federal amount on this line, but there is a difference between Mississippi and federal amounts, enter the adjustment on Schedule N. The federal Schedule D must be attached to your return.
Total Pensions and Annuities (Line 42 on NR Return)
Enter the total amount of taxable pensions and annuities received on this line. Pensions and annuities that are taxable as early or excess distributions under the Federal Internal Revenue Code (see Federal Form 5329) do not qualify for exemption from Mississippi income tax. Such income should be reported on this line as taxable income. Separation pay is not retirement income and does not qualify for exemption. Deferred compensation plan distributions received prior to attainment of retirement age and/or service requirements are taxable for Mississippi purposes and should be reported on this line. Do not report Social Security benefits, annuity benefits received under the federal Railroad Retirement Act, or retirement income on this line. Social Security benefits, Railroad Retirement benefits, and retirement income from federal,state, and private retirement systems are exempt in total.
Farm Income or Loss (Line 38 on NR Return)
Enter the net farm income or loss on this line. If you are a farmer or rent your farm on shares, attach Federal Schedule F to your tax return. If the amount reported is different than the amount reported for federal purposes then attach a reconciliation. If you enter the federal amount on this line, but there is a difference between Mississippi and federal amounts, enter the adjustment on Form 80-108, Schedule N. Farm losses claimed by persons who do not devote full time to farming will not be allowed unless such person can clearly establish the fact that he is in the business of farming for gain or profit. The federal Schedule F must be attached to your return. Line 40 - Interest Income (Line 39 on NR
Unemployment Compensation (Line 43 on NR Return)
Enter from Form(s) 1099-G the amount of unemployment compensation received in 2013. Unemployment compensation is taxable for Mississippi income tax purposes.
Other Income or Loss (Line 44 on NR Return)
Enter the amount from Form 80-108, Schedule N.
To see this form click here: Form 80-108 Schedule N