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Alternative Minimum Tax (AMT)

Part II

22 Exemption Amount. (If this schedule is for a child under age 14, see instructions.)

If your filing status is:

And line 21 is not over:

Enter on line 22:

}

Single or head of household

$180,426

$48,114

Married filing joint or qualifying widow(er)

240,567

64,152

22 ____________________

Married filing separate

120,283

32,075

If Part I, line 21 is more than the amount shown above for your filing status, see instructions.

23 Subtract line 22 from line 21. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23 ____________________

24 Multiply line 23 by 7.0% (.07) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24 ____________________

25 a Alternative minimum taxable income. Enter the amount from Part I, line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25a ____________________

b Itemized deductions not included in Part I. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25b ____________________

c Total AMT adjusted gross income. Add line 25a and line 25b and complete Part III now . . . . . . . . . . . . . . . . . . . . . . . . . .

25c ____________________

d AMT California adjusted gross income from Part III, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25d ____________________

e Ratio. Divide line 25d by line 25c. This amount may be more than 1.0000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25e ___ . ___ ___ ___ ___

26 Tentative Minimum Tax. Multiply line 24 by line 25e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26 ____________________

27 Regular tax from Long Form 540NR, line 22 multiplied by the ratio from Long Form 540NR, line 25a. If an amount is

entered on Long Form 540NR, line 26, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27 ____________________

28 Alternative Minimum Tax. Subtract line 27 from line 26. If zero or less, enter -0- here and on Long Form 540NR, line 44.

Continue to Part IV to figure your allowable credits. (If you have a carryover credit for solar energy or commercial solar

energy, also enter the result on Side 3, Part IV, Section C, line 25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28 ____________________

Part III AMT California Adjusted Gross Income

1 California adjusted gross income from Schedule CA (540NR), line 33, column E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 _____________________

2 Net operating loss (NOL) deduction, if any, included on Schedule CA (540NR), line 21, column E. Enter as a

positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 _____________________

(

)

3 AMTI exclusion. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 _____________________

4 Combine line 1, line 2, and line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 _____________________

5 Adjustments and Preferences. See instructions before completing.

a Investment interest expense . . .

k Intangible drilling costs . . . . . .

b Post-1986 depreciation . . . . . .

Long-term contracts . . . . . . . . .

c Adjusted gain or loss . . . . . . . .

m Loss limitations . . . . . . . . . . . . .

d Incentive stock options and CQSOs

n Mining costs . . . . . . . . . . . . . . .

e Passive activities . . . . . . . . . . . .

o Patron’s adjustment . . . . . . . . .

Beneficiaries of estates & trusts

p Pollution control facilities . . . . .

g Circulation expenditures . . . . . .

q Qualified small business stock .

h Depletion . . . . . . . . . . . . . . . . . .

r Research and experimental . . .

Depreciation (pre-1987) . . . . . .

s Tax shelter farm activities . . . . .

Installment sales . . . . . . . . . . . .

Related adjustments . . . . . . . . .

Add line a through line t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 _____________________

6 Combine line 4 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 _____________________

7 California AMT net operating loss deduction. Do not enter more than 90% of line 6. See instructions . . . . . . . . . . . . . . . . .

7 _____________________

8 AMT California adjusted gross income. Subtract line 7 from line 6. Enter here and on Part II, line 25d . . . . . . . . . . . . . . . . . .

8 _____________________

Side 2 Schedule P (540NR) 2001

PNR01204