Form 740 2017 Kentucky Individual Income Tax Return - Full-Year Residents Only - Kentucky

Form 740 or the "Kentucky Individual Income Tax Return - Full-year Residents Only" is a form issued by the Kentucky Department of Revenue.

The form was last revised in December 8, 2017 and is available for digital filing. Download an up-to-date fillable Form 740 in PDF-format down below or look it up on the Kentucky Department of Revenue Forms website.

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740
*1700030001*
K
ENTUCKY
2017
I
I
T
R
NDIVIDUAL
NCOME
AX
ETURN
Full-Year Residents Only
Commonwealth of Kentucky
Department of Revenue
For calendar year or other taxable year beginning _________ , 2017, and ending ________ , 20____ .
A.
B.
Spouse’s Social Security Number
Your Social Security Number
Name—Last, First, Middle Initial (Joint or combined return, give both names and initials.)
Mailing Address (Number and Street including Apartment Number or P .O. Box)
State
ZIP Code
City, Town or Post Office
FILING STATUS (see instructions)
POLITICAL PARTY FUND
Check if applicable:
1
Single
Amended
(Enclose
Designating $2 will not change your refund or tax due.
2
Married, filing separately on this combined
copy of 1040X, if
A. Spouse
B. Yourself
applicable.)
return. (If both had income.)
(1)
(4)
Democratic
3
Married, filing joint return.
Republican
(2)
(5)
4
Married, filing separate returns. Enter spouse’s
Social Security number above and full name here.
No Designation
(3)
(6)
A.
B.
INCOME/TAX
Spouse (Use if
Yourself
Filing Status 2 is checked.)
(or Joint)
5 Enter amount from federal Form 1040, line 37; 1040A, line 21 or
1040EZ, line 4. (If total of Columns A and B is $32,718 or less, you
00
00
may qualify for the Family Size Tax Credit. See instructions.) ......................
5
5
00
00
6 Additions from Schedule M, line 8 ....................................................................
6
6
00
00
7 Add lines 5 and 6 ................................................................................................
7
7
00
00
8 Subtractions from Schedule M, line 20 .............................................................
8
8
00
00
9 Subtract line 8 from line 7. This is your Kentucky Adjusted Gross Income .....
9
9
10 Itemizers: Enter itemized deductions from Kentucky Schedule A.
00
00
Nonitemizers: Enter $2,480 in Columns A and/or B .........................................
10
10
00
00
11 Subtract line 10 from line 9. This is your Taxable Income ..............................
11
11
00
00
12 Enter tax from Tax Table or Schedule J
......................................................
12
12
13 Enter tax from Form 4972-K
; Schedule RC-R
;
Schedule DS-R
; Angel Investor Recapture
........................................
13
13
00
00
14 Add lines 12 and 13 and enter total here .........................................................
14
14
00
00
15 Enter amounts from page 3, Section A, lines 24A and 24B .............................
15
15
00
00
16 Subtract line 15 from line 14. If line 15 is larger than line 14, enter zero .......
16
16
00
00
17
Enter personal tax credit amounts from page 3, Section B, lines 4A and 4B
17
17
00
00
18 Subtract line 17 from line 16. If line 17 is larger than line 16, enter zero .......
18
18
00
00
19 Add tax amount(s) in Columns A and B, line 18 and enter here ...............................................................................
19
00
1
2
3
4
20 Check the box that represents your total family size (see instructions before completing lines 20 and 21) ........
20
00
__ . __ __
__ __ __%)
21 Multiply line 19 by Family Size Tax Credit decimal amount
(
and enter here ........................
21
00
22 Subtract line 21 from line 19 ........................................................................................................................................
22
00
23 Enter the Education Tuition Tax Credit from Form 8863-K .........................................................................................
23
00
24 Subtract line 23 from line 22 ........................................................................................................................................
24
25 Enter Child and Dependent Care Credit
00
from federal Form 2441, line 9 ä
x 20% (.20) .............................................
25
00
26 Income Tax Liability. Subtract line 25 from line 24. If line 25 is larger than line 24, enter zero ..............................
26
00
27 Enter KENTUCKY USE TAX due on Internet, mail order, or other out-of-state purchases (see instructions) .....
27
00
28 Add lines 26 and 27. Enter here and on page 2, line 29 ............................................................................................
28
42A740 (8DEC17)
Page 1 of 3
740
*1700030001*
K
ENTUCKY
2017
I
I
T
R
NDIVIDUAL
NCOME
AX
ETURN
Full-Year Residents Only
Commonwealth of Kentucky
Department of Revenue
For calendar year or other taxable year beginning _________ , 2017, and ending ________ , 20____ .
A.
B.
Spouse’s Social Security Number
Your Social Security Number
Name—Last, First, Middle Initial (Joint or combined return, give both names and initials.)
Mailing Address (Number and Street including Apartment Number or P .O. Box)
State
ZIP Code
City, Town or Post Office
FILING STATUS (see instructions)
POLITICAL PARTY FUND
Check if applicable:
1
Single
Amended
(Enclose
Designating $2 will not change your refund or tax due.
2
Married, filing separately on this combined
copy of 1040X, if
A. Spouse
B. Yourself
applicable.)
return. (If both had income.)
(1)
(4)
Democratic
3
Married, filing joint return.
Republican
(2)
(5)
4
Married, filing separate returns. Enter spouse’s
Social Security number above and full name here.
No Designation
(3)
(6)
A.
B.
INCOME/TAX
Spouse (Use if
Yourself
Filing Status 2 is checked.)
(or Joint)
5 Enter amount from federal Form 1040, line 37; 1040A, line 21 or
1040EZ, line 4. (If total of Columns A and B is $32,718 or less, you
00
00
may qualify for the Family Size Tax Credit. See instructions.) ......................
5
5
00
00
6 Additions from Schedule M, line 8 ....................................................................
6
6
00
00
7 Add lines 5 and 6 ................................................................................................
7
7
00
00
8 Subtractions from Schedule M, line 20 .............................................................
8
8
00
00
9 Subtract line 8 from line 7. This is your Kentucky Adjusted Gross Income .....
9
9
10 Itemizers: Enter itemized deductions from Kentucky Schedule A.
00
00
Nonitemizers: Enter $2,480 in Columns A and/or B .........................................
10
10
00
00
11 Subtract line 10 from line 9. This is your Taxable Income ..............................
11
11
00
00
12 Enter tax from Tax Table or Schedule J
......................................................
12
12
13 Enter tax from Form 4972-K
; Schedule RC-R
;
Schedule DS-R
; Angel Investor Recapture
........................................
13
13
00
00
14 Add lines 12 and 13 and enter total here .........................................................
14
14
00
00
15 Enter amounts from page 3, Section A, lines 24A and 24B .............................
15
15
00
00
16 Subtract line 15 from line 14. If line 15 is larger than line 14, enter zero .......
16
16
00
00
17
Enter personal tax credit amounts from page 3, Section B, lines 4A and 4B
17
17
00
00
18 Subtract line 17 from line 16. If line 17 is larger than line 16, enter zero .......
18
18
00
00
19 Add tax amount(s) in Columns A and B, line 18 and enter here ...............................................................................
19
00
1
2
3
4
20 Check the box that represents your total family size (see instructions before completing lines 20 and 21) ........
20
00
__ . __ __
__ __ __%)
21 Multiply line 19 by Family Size Tax Credit decimal amount
(
and enter here ........................
21
00
22 Subtract line 21 from line 19 ........................................................................................................................................
22
00
23 Enter the Education Tuition Tax Credit from Form 8863-K .........................................................................................
23
00
24 Subtract line 23 from line 22 ........................................................................................................................................
24
25 Enter Child and Dependent Care Credit
00
from federal Form 2441, line 9 ä
x 20% (.20) .............................................
25
00
26 Income Tax Liability. Subtract line 25 from line 24. If line 25 is larger than line 24, enter zero ..............................
26
00
27 Enter KENTUCKY USE TAX due on Internet, mail order, or other out-of-state purchases (see instructions) .....
27
00
28 Add lines 26 and 27. Enter here and on page 2, line 29 ............................................................................................
28
42A740 (8DEC17)
Page 1 of 3
*1700030002*
FORM 740 (2017)
Page 2 of 3
REFUND/TAX PAYMENT SUMMARY
00
29 Enter amount from page 1, line 28. This is your Total Tax Liability ...........................................................................
29
30 (a) Enter Kentucky income tax withheld as shown on enclosed
00
Schedule KW-2 ....................................................................................................
30(a)
00
(b) Enter 2017 Kentucky estimated tax payments ..................................................
30(b)
00
(c) Enter 2017 refundable certified rehabilitation credit .......................................
30(c)
00
(d) Enter 2017 film industry tax credit ....................................................................
30(d)
(e) For amended return; enter amount paid with original return plus
00
additional payment(s) made after it was filed ..................................................
30(e)
31 Add lines 30(a) through 30(e) ......................................................................................................................................
31
00
00
32 (a) If line 31 is larger than line 29, enter amount overpaid ...................................
32(a)
00
(b) Estimated tax penalty and/or interest.
Check if Form 2210-K attached ....
32(b)
00
(c) For amended return; overpayment, if any, shown on original return ............
32(c)
(d) Subtract line 32(b) and 32(c) from 32(a), enter AMOUNT OVERPAID (see instructions for amended returns) 32(d)
00
33 Fund Contributions; see instructions.
(a) Nature and Wildlife Fund ......
(e) Farms to Food Banks Trust Fund .......
00
00
00
00
(b) Child Victims’ Trust Fund .......
(f)
Local History Trust Fund .....................
00
00
(c) Veterans’ Program Trust Fund ..
(g) Special Olympics Kentucky................
00
(d) Breast Cancer Research/
(h) Pediatric Cancer Research Trust Fund ..
00
00
(i)
Education Trust Fund .............
Rape Crisis Center Trust Fund ...........
00
34 Add lines 33(a) through 33(i) .......................................................................................................................................
34
00
CREDIT FORWARD
35 Amount of line 32(d) to be CREDITED TO YOUR 2018 ESTIMATED TAX .......................
35
(Credit forwards not available for amended returns)
REFUND
00
36 Subtract lines 34 and 35 from line 32(d). Amount to be REFUNDED TO YOU ..............................
36
REFUND OPTIONS (Not available for amended returns)
Check here if you would like your refund issued on a Bank of America Prepaid Debit Card
Check here if you would like to receive your Debit Card material in Spanish
37 If line 29 is larger than line 31, enter ADDITIONAL TAX DUE (see instructions for amended returns) ....................
37
00
00
38 (a) Estimated tax penalty
Check if Form 2210-K attached .........................
38(a)
00
(b) Estimated tax interest .........................................................................................
38(b)
00
(c) Interest .................................................................................................................
38(c)
00
(d) Late payment penalty .........................................................................................
38(d)
00
(e) Late filing penalty ................................................................................................
38(e)
00
39 Add lines 38(a) through 38(e). Enter here ...................................................................................................................
39
00
40 Add lines 37 and 39 and enter here. This is the AMOUNT YOU OWE ..................................................
40
OWE
A.
B.
SECTION A—BUSINESS INCENTIVE AND OTHER TAX CREDITS
Spouse
Yourself
00
00
1 Enter nonrefundable limited liability entity credit .................................................
1
1
00
00
2 Enter Kentucky small business tax credit ...............................................................
2
2
00
00
3 Enter skills training investment credit (attach copy(ies) of certification)..............
3
3
00
00
4 Enter nonrefundable certified rehabilitation credit ................................................
4
4
00
00
5 Enter credit for tax paid to another state (attach copy of other state’s return(s))
5
5
00
00
6 Enter unemployment credit (attach Schedule UTC) ...............................................
6
6
00
00
7 Enter recycling and/or composting equipment credit (attach Schedule RC) .......
7
7
00
00
8 Enter Kentucky investment fund credit (attach copy(ies) of certification) ............
8
8
00
00
9 Enter coal incentive credit ........................................................................................
9
9
00
00
10 Enter qualified research facility credit (attach Schedule QR) .................................
10
10
00
00
11 Enter GED incentive credit (attach Form DAEL-31) .................................................
11
11
00
00
12 Enter voluntary environmental remediation credit (attach Schedule VERB) ........
12
12
00
00
13 Enter biodiesel and renewable diesel credit ...........................................................
13
13
00
00
14 Enter environmental stewardship credit .................................................................
14
14
00
00
15 Enter clean coal incentive credit ..............................................................................
15
15
00
00
16 Enter ethanol credit (attach Schedule ETH) ............................................................
16
16
00
00
17 Enter cellulosic ethanol credit (attach Schedule CELL) ..........................................
17
17
00
00
18 Enter railroad maintenance and improvement credit (attach Schedule RR-I) ......
18
18
Continue to page 3 to complete Section A
42A740 (8DEC17)
*1700030040*
FORM 740 (2017)
Page 3 of 3
A.
B.
SECTION A—BUSINESS INCENTIVE AND OTHER TAX CREDITS (continued)
Spouse
Yourself
00
00
19 Enter Endow Kentucky credit (attach Schedule ENDOW) ......................................
19
19
00
00
20 Enter New Markets Development Program credit .................................................
20
20
00
00
21 Enter food donation credit (attach Schedule FD) ....................................................
21
21
00
00
22 Enter distilled spirits credit (attach Schedule DS) ..................................................
22
22
00
00
23 Enter angel investor credit .......................................................................................
23
23
00
00
24 Add lines 1 through 23, Columns A and B. Enter here and on page 1, line 15 ..
24
24
SECTION B—PERSONAL TAX CREDITS
Check
Check all four
Check all four
Check both for Kentucky
Regular
if 65 or over
if blind
National Guard
1 Enter number of
1 (a) Credits for yourself:
boxes checked
(b) Credits for spouse:
on line 1 ........................
2 Dependents:
2 Enter number of
dependents who:
Dependent’s
Check if qualifying
Dependent’s
relationship
child for family
• lived with you ............
First and Last Name
Social Security number
to you
size tax credit
• did not live with you
(see instructions) .......
• other dependents ......
3 Add total number of credits claimed on lines 1 and 2.
3 Enter total credits .........
If married filing separately on a combined return (Filing Status 2), each taxpayer must claim his or her
Spouse
Yourself
own credits from line 1, divide the credits on line 2, and enter the totals in Boxes 3A and 3B. All other
3A
3B
filers enter the amount from line 3 in Box 3B ....................................................................................................... ä
x $10
x $10
4 Multiply credits on line 3A by $10 and enter on line 4A. Multiply credits on line 3B by $10 and
4A
4B
enter on line 4B. Enter here and on page 1, line 17, Columns A and B ....................................................................
SECTION C—FAMILY SIZE TAX CREDIT
(List the name and Social Security number of qualifying children that are not claimed as dependents in Section B.)
First and Last Name
Social Security number
First and Last Name
Social Security number
Attach a complete copy of federal Form 1040 if you received farm, business, or rental income or loss. If not required, check here.
I, the undersigned, declare under penalties of perjury that I have examined this return, including all accompanying schedules and statements, and
to the best of my knowledge and belief, it is true, correct and complete. I also understand and agree that our election to file a combined return under
the provisions of Regulation 103 KAR 17:020 will result in refunds being made payable to us jointly and in each of us being jointly and severally liable
for all taxes accruing under this return.
(
)
Telephone Number (daytime)
Your Signature (If joint or combined return, both must sign.)
Driver’s License/State Issued ID No.
Date Signed
Spouse’s Signature
Driver’s License/State Issued ID No.
Date Signed
Typed or Printed Name of Preparer Other than Taxpayer
I.D. Number of Preparer
Date Signed
Firm Name
EIN
May the DOR discuss this return with this preparer? ¨  Yes ¨  No
MAIL TO:
Kentucky Department of Revenue
MAIL TO:
Kentucky Department of Revenue
P . O. Box 856970
P . O. Box 856980
Louisville, KY 40285-6970
Louisville, KY 40285-6980
Make check payable to Kentucky State Treasurer
l
Include your Social Security number and “KY Income Tax—2017”
l
Visit www.revenue.ky.gov for electronic payment options
l
42A740 (8DEC17)
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