Other Subtraction

Although other items may be exempt from Maine tax, many will automatically be calculated for you based on the information entered on your federal return. Please enter the following types of adjustments here.

Maine Lottery or Tri-State Lottery Winnings received in 2005 won prior to January 1, 1989.
Holocaust Victim Settlement Payments included in federal adjusted gross income.
Account Proceeds From A Family Development Account Administered by FAME
Withdrawals From Qualified State Tuition Programs established pursuant to 20-A M.R.S.A. 11479 that were used for paying higher education expenses.
Net Operating Losses carried forward from previous tax years pursuant to 36 M.R.S.A. 5122(2)(H) or 5122(2)(P)
Earnings from Fishing Operations that were contributed to a capital construction fund.
Income from investments in the Northern Maine Transmission Corporation.

Also enter on this line all items of income, gain, interest, dividends, royalties and other items of income of a financial institution subject to the Maine franchise tax that are included in your federal adjusted gross income due to an ownership share in the financial institution that is a partnership, S corporation, or entity disregarded as separate from its owner. Except for net operating losses carried forward from previous tax years pursuant to 36 M.R.S.A. 5122, enter only amounts included in federal adjusted gross income.

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