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North Carolina allows a credit for tax paid to another state or country on income also taxed by North Carolina for a period while the taxpayer was also a legal resident of North Carolina. Complete part 1 of form D-400TC.
The credit is computed as the lesser of: *Tax paid to the other state or country, or *North Carolina tax multiplied by a ratio of income taxed by the other state or country divided by income while a resident of North Carolina. The income while a resident of North Carolina must be adjusted by applicable additions shown lines 35 through 37 and deductions shown on lines 39 through 44 of form D-400.
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