Contribution Adjustment Worksheet: Contribution Adjustment Worksheet (2024)
North Dakota · ND Tax Commissioner · Used for tax years 2024
The 2024 North Dakota Contribution Adjustment Worksheet calculates the contribution adjustment amount to enter on Form ND-1, line 2. It accounts for contributions connected to credits on Schedules ND-1PG and ND-1QEC and endowment fund credits received through North Dakota Schedul
Who files this form
Use this worksheet to calculate the adjustment for Form ND-1, line 2, if you itemized deductions on federal Schedule A (Form 1040) and either:
- You are claiming credits on both Schedule ND-1PG, line 7, and Schedule ND-1QEC, line 5.
- You are claiming an endowment fund credit from an estate, trust, partnership, or S corporation reported on a North Dakota Schedule K-1.
Exception: Do not complete the worksheet or enter an amount on Form ND-1, line 2, if you claimed the standard deduction on your 2024 Form 1040, line 12, and you are not claiming a Schedule ND-1QEC, line 5, credit based on an IRA contribution under I.R.C. § 408(d).
References to Form 1040 also include Form 1040-SR.
What you'll need
Have the following forms and amounts available, as applicable:
- Form ND-1: Enter the final adjustment on line 2.
- 2024 Form 1040 or Form 1040-SR and Schedule A: The worksheet uses Form 1040, line 12, Schedule A, line 17, and the portions of contributions you deducted on Schedule A.
- The standard deduction you would have been allowed if you had not itemized.
- Schedule ND-1PG: Lines 4 and 6.
- Schedule ND-1QEC: Lines 2 and 4.
- North Dakota Schedules K-1: Contribution amounts from Form 38, lines 14b and 14d; Form 58, lines 14b and 14d; and Form 60, lines 11b and 11d.
- Any qualifying nontaxable IRA transfer amount: The amount transferred from an IRA to the endowment fund under I.R.C. § 408(d).
How to file
Enter the adjustment from worksheet line 10 on Form ND-1, line 2. Attach the completed worksheet to Form ND-1.
Common mistakes
- Overlooking the standard-deduction exception: Do not complete the worksheet or enter an amount on Form ND-1, line 2, if you meet the exception printed on the worksheet.
- Missing a skip instruction: If you are not claiming a Schedule ND-1QEC credit, or its line 2 is zero, skip worksheet lines 6a through 9 and enter line 5 on line 10.
- Completing the IRA calculation when it does not apply: If worksheet line 6b is zero, enter zero on line 9 and go to line 10.
- Forgetting the attachment: The worksheet says to attach it to your Form ND-1 return.
Questions people ask
What does this worksheet calculate?
It calculates the contribution adjustment amount to enter on Form ND-1, line 2. Worksheet line 10 adds lines 5, 7, and 9.
Can I use Form 1040-SR figures?
Yes. The worksheet states that references to Form 1040 include Form 1040-SR.
Where do I enter a qualifying nontaxable IRA transfer?
If worksheet line 6a includes a nontaxable IRA transfer under I.R.C. § 408(d), enter the amount transferred to the endowment fund on line 6b. Otherwise, enter zero on line 6b.
Which Schedule K-1 contribution amounts go on line 2a?
If you are claiming an endowment fund credit from an estate, trust, partnership, or S corporation, total the contribution amounts from North Dakota Schedule K-1 (Form 38), lines 14b and 14d; Schedule K-1 (Form 58), lines 14b and 14d; and Schedule K-1 (Form 60), lines 11b and 11d.