The Mississippi Adjustments And Contributions Form is a supporting tax schedule used with a Mississippi individual income tax return to report several types of adjustments, itemized deductions, interest and dividend calculations, voluntary refund contributions, rental and pass-through income details, and other supplemental income items. Instead of covering just one narrow topic, this form acts like a multi-part worksheet that gathers several categories of information that may need to flow to the main Mississippi return. Depending on your situation, you may use it to calculate Mississippi itemized deductions, separate taxable interest and dividends from nontaxable Mississippi amounts, report voluntary check-off contributions from your refund, list rental real estate or royalty income, include income or loss from partnerships, S corporations, estates, and trusts, and report other special income items such as net operating loss adjustments, first-time home buyer unqualified expenses, catastrophe savings taxable distributions, and other supplemental income or loss entries. Because the form serves several different purposes, many taxpayers will complete only some parts while leaving others blank. The key is to understand which sections apply to your return and to carry each completed amount to the correct line on the related Mississippi tax form. Careful entry is important because each part connects to a different area of the main return, and mistakes can affect deductions, income totals, refund amounts, or tax due.
How To File Mississippi Adjustments And Contributions Form
Complete only the parts of the form that apply to your tax situation, then attach the schedule to your Mississippi return. Make sure your taxpayer name and Social Security number match the information on the main return.
If you are itemizing for Mississippi, complete Part I. If you need to report interest and dividends, complete Part II. If you want to donate part of your refund, complete Part III and remember that this section is for residents only. If you have rental, royalty, partnership, S corporation, estate, trust, or other supplemental income items, complete Parts IV and V as needed.
Attach any required supporting schedules when the form calls for them. For example, itemized deduction entries and rental income details may require federal schedules or state K-1 information to support the figures entered.
How To Complete Mississippi Adjustments And Contributions Form
Top Of The Form
Line 1: Enter your taxpayer name in the space provided at the top of the form. Use the same name shown on your Mississippi income tax return.
Line 2: Enter your Social Security number in the SSN field. Double-check the number for accuracy before filing.
Part I: Schedule A – Itemized Deductions
Use this part if you are itemizing deductions for Mississippi. If you took the standard deduction federally but want to itemize for Mississippi, use your federal Schedule A as a worksheet and transfer the appropriate amounts into this section.
Line 1: Enter your federal adjusted gross income from federal Form 1040, line 11a. This amount is used to calculate the medical and dental deduction limitation.
Line 2a: Enter your total medical and dental expenses.
Line 2b: Multiply line 1 by 7.5 percent and enter the result here.
Line 2c: Subtract line 2b from line 2a and enter the remaining deductible medical and dental expense amount. If the result is zero or less, enter zero unless your filing instructions require a different treatment.
Line 3a: Enter the total taxes paid that are otherwise allowable in this itemized deduction section.
Line 3b: Enter Mississippi gambling losses that must be subtracted for this calculation.
Line 3c: Subtract line 3b from line 3a and enter the result as your allowable taxes paid deduction.
Line 4: Enter total interest paid that qualifies as an itemized deduction for Mississippi purposes.
Line 5: Enter your charitable contributions.
Line 6: Enter your total casualty or theft loss. Attach the required casualty loss form if your filing instructions call for it.
Line 7a: Enter your other miscellaneous deductions.
Line 7b: Enter state income taxes, or similar taxes paid in place of state income tax, that must be removed from the miscellaneous deduction amount.
Line 7c: Subtract line 7b from line 7a and enter the result as your allowable other miscellaneous deductions.
Line 8: Add lines 2c, 3c, 4, 5, 6, and 7c. Enter the total as your Mississippi itemized deductions. Then carry this amount to the itemized deduction line on your main Mississippi return.
Part II: Schedule B – Interest And Dividend Income
Use this part to separate total interest and dividends from Mississippi nontaxable amounts so only the Mississippi taxable portion is carried to the return.
Line 1: Enter total interest income from all sources.
Line 2: Enter the amount of Mississippi nontaxable interest included in line 1.
Line 3: Subtract line 2 from line 1 and enter the result. This is your Mississippi taxable interest amount. Carry this figure to the interest income line on the appropriate Mississippi return.
Line 4: Enter total dividends from all sources.
Line 5: Enter the amount of Mississippi nontaxable distributions included in line 4.
Line 6: Subtract line 5 from line 4 and enter the result. This is your Mississippi taxable dividend amount. Carry this figure to the dividend income line on the appropriate Mississippi return.
Part III: Voluntary Contribution Check-Offs
This section is for residents only and lets you contribute part of your refund to certain funds. Each contribution must meet the minimum amount required.
Line 1: Enter the amount you want to contribute to the Military Family Relief Fund.
Line 2: Enter the amount you want to contribute to the Wildlife Heritage Fund.
Line 3: Enter the amount you want to contribute to the Educational Trust Fund.
Line 4: Enter the amount you want to contribute to the Commission for Volunteer Service Fund.
Line 5: Enter the amount you want to contribute to the Burn Care Fund.
Line 6: Enter the amount you want to contribute to the Wildlife Fisheries and Parks Foundation.
Line 7: Add all contribution check-offs from lines 1 through 6 and enter the total here. Then carry that total to the refund contribution line on the resident return.
Part IV: Income (Loss) From Rents, Royalties, Partnerships, S Corporations, Trusts And Estates
This part has separate sections for rental and royalty income and for pass-through income from entities. Complete the parts that apply to you.
Section A – Income (Loss) From Rental Real Estate And Royalties
Line A1: Enter total rental real estate and royalty income or loss from the applicable parts of your federal Schedule E. Attach that schedule if required.
Line A2: Enter depletion claimed in excess of cost basis, if any.
Line A3: Add lines A1 and A2 and enter the result as your rental real estate and royalty income or loss for Mississippi purposes.
Section B – Income (Loss) From Partnerships, S Corporations, Estates And Trusts
This section is completed by entity entry across the columns shown.
Line B1, Column A: Enter the name of the entity.
Line B1, Column B: Enter the FEIN for that entity. This identification number is required.
Line B1, Column C: Enter the Mississippi K-1 income or loss amount for that entity.
If you have more than one entity, continue listing each one in the same manner in the available space or on supporting sheets if permitted.
Section C – Combined Income (Loss)
Line C: Add the total from Section A, line A3, and the total income or loss from Section B, line B1. Enter the combined result here. Then transfer that amount to the appropriate rent, royalty, partnership, S corporation, estate, or trust income line on the main Mississippi return.
Part V: Schedule N – Other Income (Loss) And Supplemental Income
Use this part to report additional income or loss items that do not fit the earlier sections.
Line 1: Enter the total income or loss from partnerships, S corporations, estates, and trusts if this amount is required again in the supplemental income section. Use the amount that belongs in this part of the return.
Line 2: Enter the net operating loss amount from the applicable Mississippi loss form.
Line 3: Enter first-time home buyer unqualified expenses.
Line 4: Enter catastrophe savings taxable distribution.
Line 5: List other types of income or loss that must be reported in this section. Be specific in your description.
Line 6: Enter the amount for the other income or loss item listed on line 5.
Line 7: If another supplemental income line is provided, enter the next applicable income or loss item and amount in the space available.
Line 8: Enter the next additional income or adjustment amount required in this part, if applicable.
Line 9: Enter any further supplemental income or loss item shown in this section that applies to your return.
Line 10: Add the applicable Schedule N amounts and enter the total other income or loss here. Then transfer that figure to the proper line on the main Mississippi return.
Important Filing Tips
Complete only the sections that apply to your return, but review the entire form so you do not miss a line that affects your income or deductions. Some lines carry directly to the resident return, while others carry to the nonresident return, so be sure you are transferring each total to the correct form.
If a section calls for an attachment, include it with your return. Missing attachments can delay processing or cause the state to question the amount claimed.
Common Mistakes To Avoid
Do not mix taxable and nontaxable Mississippi amounts in the interest and dividend section. The whole point of Part II is to remove nontaxable Mississippi amounts before transferring the taxable figure to the return.
Also avoid skipping the total lines after entering component amounts. In this form, many lines are calculation lines that determine the amount that actually moves to the main return, so they are just as important as the entry lines above them.