KY – 740 – Sch M – Federal Adjusted Gross Income Modifications

Table Of Contents

Article: 50344

Overview

This screen is used to enter Kentucky-specific subtractions from federal adjusted gross income on Schedule M, Part II of the KY 740 return.

Currently, this screen supports entry of a Kentucky subtraction.

Separate fields are available for the taxpayer and , if applicable. These amounts should reflect the portion of NOL applicable for Kentucky tax purposes and should not include federal NOL amounts unless also valid at the state level.

How to Add Screen Sch M

  1. Go to the State taxes section.
  2. Select I’d like to see the forms I’ve filled out or search for a form.
  3. In the drop list, select Kentucky.
  4. Select the General tab.
  5. Select 740 – Sch M – Federal Adjusted Gross Income Modifications to add and open the form.
  6. Complete the screen.
  7. Click Save to apply changes.

Further Information

Visit the Kentucky Department of Revenue – Individual Income Tax page for more on Kentucky return adjustments:
https://revenue.ky.gov/Individual/Individual-Income-Tax/Pages/default.aspx

Tags
state tax form tax credit tax deduction dependent health insurance refund irs form schedule k1 estimated tax tax return