Get Schedule In-2058sp

Filling out the Schedule IN-2058SP form is an essential step for nonresident military spouses seeking to claim their earned income deduction in Indiana. This guide provides clear, step-by-step instructions to help you complete the form accurately and efficiently, ensuring you understand each section and its requirements.

Follow the steps to complete Schedule IN-2058SP online

1. Click ‘Get Form’ button to access the Schedule IN-2058SP online and open it in the document editor.
2. Begin with the section labeled 'Military servicemember’s spouse's name.' Enter the full name of the military spouse in the designated field.
3. In the next field, enter the military servicemember's spouse's Social Security number accurately.
4. Proceed to fill in the 'Military servicemember’s name' section with the military servicemember's full name.
5. Enter the Social Security number of the military servicemember in the corresponding field.
6. Move to Part 1, titled 'Figure Your Deduction.' Input the amount of the military spouse’s earned income from Indiana sources. Make sure to round all entries to two decimal places.
7. For line 2a, report the business income from line 7B of Indiana's Schedule A. Ensure this amount does not include the servicemember’s income.
8. On line 2b, enter the spouse’s portion of line 2a to reflect the proper income allocation.
9. Add the amounts from lines 1 and 2b to calculate the total earned income, and enter this total on line 3. This amount should also be recorded on Indiana’s Schedule C under line 11, identified with the code 625.
10. Proceed to Part 2: Additional Information. Input the 2-letter code for the spouse's state of domicile.
11. Answer the question regarding whether you are including the income from line 3 on your state of domicile's tax return by selecting Yes, No, or N/A. If necessary, provide an explanation if you select No or N/A.
12. Finally, ensure that you enclose a copy of the servicemember’s W-2 when submitting the Schedule IN-2058SP, as it is required for claiming the deduction.
13. Once all fields are completed, save your changes, and you may then choose to download, print, or share the form as needed.

Complete your Schedule IN-2058SP online today to ensure you claim your earned income deduction!