Form Ct-8801 Line Instructions
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1General Information
How is the credit for prior year minimum tax calculated? Your credit for
Line 11 - 1998 adjusted net Connecticut minimum tax credit.
1998 is calculated by subtracting the part of your 1997 Connecticut alternative
Resident Individuals: Enter on Line 11 and on your 1998 Form CT-1040,
minimum tax that was attributable to adjustments and items of tax preferences
Line 13: the amount from Line 7 or Line 10 of this form or your 1998 Form
(such as exclusion items) specified in Internal Revenue Code Section 53(d) from
CT-1040, Line 12, whichever is least.
your net Connecticut alternative minimum tax paid in 1997 and adding the result to
Nonresident and Part-year Resident Individuals: Enter on Line 11 and on
the amount of credit carried forward from the prior year.
your 1998 Form CT-1040NR/PY, Line 15: the amount from Line 7 or Line 10 of
Exclusion items are your federal alternative minimum tax adjustments and
this form or your 1998 Form CT-1040NR/PY, Line 14, whichever is least.
preferences for: the standard deduction, itemized deductions (including any
Trusts and Estates: Enter on Line 11 and on your 1998 Form CT-1041,
investment interest expense reported on federal Schedule E), the deduction
Line 8: the amount from Line 7 or Line 10 of this form, or your 1998 Form
for charitable contributions of appreciated property, certain tax-exempt interest,
CT-1041, Line 7, whichever is least.
and depletion. For more information, see instructions for federal Form 8801,
Credit for Prior Year Minimum Tax - Individuals, Estates and Trusts.
Line 12 - Adjusted net Connecticut minimum tax credit carryforward to 1999.
How may the credit be used? You may be able to reduce your regular
Keep a record of this amount because it may be carried forward and used in
Connecticut income tax liability by the amount of your credit. Your credit for
future years.
1998 is limited to the amount that your regular Connecticut income tax for 1998,
less the credit allowed for income tax paid to a qualifying jurisdiction(s), exceeds
Worksheet A Instructions
your Connecticut alternative minimum tax for 1998, less the credit allowed for
Complete Column I before completing Column II.
alternative minimum tax paid to a qualifying jurisdiction(s).
EXAMPLE: If your 1998 regular Connecticut income tax is $5,000, your credit
COLUMN I
for income tax paid to a qualifying jurisdiction is $1,000, and your 1998
Connecticut alternative minimum tax is $3,500, your allowable credit is limited
Use Column I to calculate your 1997 Connecticut alternative minimum tax at
to $500 [($5,000 - $1,000) - $3,500 = $500]. If your credit for the prior year’s
19%.
alternative minimum tax is $2,000, you can only use $500 of that credit in
Line A - 1997 adjusted federal tentative minimum tax.
1998. You may carry forward the balance of $1,500 for use in future years.
Enter the amount from Line 17 of your 1997 Form CT-6251 or Line 17 of your
What happens to the unused portion of the credit? Any unused portion
Form CT-1041, Schedule I.
of the credit may be carried forward to reduce your regular Connecticut
Line C - Apportionment factor.
income tax in future years. You may carry the credit forward until it is completely
used. If you are entitled to any additional credit in a subsequent year, you may
Nonresidents and part-year residents enter the apportionment factor (rounded
add that credit to any balance being carried forward from earlier years.
to four decimal places) from Line 21 of your 1997 Form CT-6251, or Line 20
of Form CT-1041, Schedule I . Connecticut residents enter 1.0000.
General Instructions
Line G - Credit for minimum tax paid to qualifying jurisdictions.
Individuals - Enter in the space provided at the top of the form your name and
Enter the amount from Line 25 of your 1997 Form CT-6251 or Line 24 of Form
Social Security Number as it appears on your Connecticut income tax return. If
CT-1041, Schedule I .
you filed a joint return, also enter your spouse’s name and Social Security
Line H - Connecticut alternative minimum tax calculated at 19%.
Number.
Subtract Line G from Line F. If the result is zero or less, enter 0. Enter the result
Trusts and Estates - Enter in the space provided at the top of the form the
on Line H and on Form CT-8801, Line 1.
name of the estate or trust and the name of the fiduciary as it appears on
Form CT-1041. Also enter the Federal Employer Identification Number of the
COLUMN II
estate or trust.
Use Column II to calculate the Connecticut alternative minimum tax on exclusions,
Form CT-8801 - Line Instructions
Section 1250 gains, and any other item that is not a deferral item.
If you were not liable for Connecticut alternative minimum tax in 1997, but you
To complete Column II, you must recalculate your 1997 Connecticut alternative
are claiming a credit carryforward DO NOT complete Lines 1 through 5. Enter
minimum tax on exclusions, Section 1250 gains and any other item that is not a
zero on Line 5 and start with Line 6.
deferral item by using a blank 1997 Form CT-6251 or 1997 Form CT-1041,
Schedule I as a worksheet. This worksheet will be your “recalculated return.”
Complete Worksheets A and B before completing Lines 1 through 12.
Enter on Lines 2 and 4 of your recalculated return the same amounts as on
Line 1 - 1997 Connecticut alternative minimum tax calculated at 19%.
your original 1997 Form CT-6251 or Form CT-1041, Schedule I . Enter on
Line 16 of your recalculated return the Minimum Tax Foreign Tax Credit on
Enter the amount from Worksheet A, Column I, Line H.
exclusion items using the instructions for federal Form 8801. On your
Line 2 - 1997 Connecticut alternative minimum tax on federal exclusion items
recalculated return, enter the same amount as on your original 1997 Form
calculated at 19%.
CT-6251, Line 23, or Form CT-1041, Schedule I , Line 22.
Enter the amount from Worksheet A, Column II, Line H.
Caution: When completing Part II of your recalculated return, be sure
Line 6 - Enter the amount of carryforward from 1997 Form CT-8801, Line 12.
to use the amounts from Schedule D of your 1997 federal Form 1040
or Form 1041, as indicated below.
Line 8 - 1998 Connecticut income tax minus allowable credits.
Enter on Lines 28, 29, 31 and 36, of your recalculated return, Form CT-6251,
Resident Individuals: Enter on Line 8 the amount from your 1998 Form
the amounts from federal Form 1040, Schedule D, Lines 27, 25, 22 and 36.
CT-1040, Line 8.
Enter on Lines 27, 28, 30 and 35, of your recalculated return, Form CT-1041,
Part-year Resident Individuals and Nonresident Individuals: Enter on
Schedule I , the amounts from federal Form 1041, Schedule D, Lines 27,24,21
Line 8 the amount from your 1998 Form CT-1040NR/PY, Line 12.
and 36.
Resident Trusts and Estates, Part-year Resident Trusts and
For more information, see instructions for federal Form 8801.
Nonresident Trusts and Estates: Enter on Line 8 the amount from your
1998 Form CT-1041, Line 5.
Line A - 1997 adjusted federal tentative minimum tax.
Enter the amount from Line 17 of your recalculated 1997 Form CT-6251 or
Line 9 - 1998 Connecticut alternative minimum tax minus allowable credits.
Line 17 of your Form CT-1041, Schedule I .
To claim a credit for prior year’s alternative minimum tax, complete Form
CT-6251 or Form CT-1041, Schedule I , even if you do not have a federal
Line C - Apportionment factor.
alternative minimum tax and are not required to file the Connecticut Form
Nonresidents and part-year residents enter the apportionment factor (rounded
CT-6251 or Form CT-1041, Schedule I .
to four decimal places) from Line 21 of the recalculated 1997 Form CT-6251,
Resident Individuals and Part-year Resident Individuals: Subtract the
or Line 20 of Form CT-1041, Schedule I . Connecticut residents enter 1.0000.
amount on your 1998 Form CT-6251, Line 25 from the amount on your 1998
Line G - Credit for minimum tax paid to qualifying jurisdictions.
Form CT-6251, Line 22, and enter the difference on Line 9.
Enter the amount from Line 25 of your recalculated Form CT-6251 or Line 24
Nonresident Individuals: Enter on Line 9 the amount from your 1998 Form
of Form CT-1041, Schedule I .
CT-6251, Line 22.
Resident Trusts and Estates and Part-year Resident Trusts: Subtract
Line H - Connecticut alternative minimum tax calculated at 19%.
the amount on your 1998 Form CT-1041, Schedule I , Line 24 from the amount
Subtract Line G from Line F. If the result is zero or less, enter 0. Enter the result
on your 1998 Form CT-1041, Schedule I , Line 21, and enter on Line 9.
on Line H and on Form CT-8801, Line 2.
Nonresident Trusts and Estates: Enter on Line 9 the amount from your
1998 Form CT-1041, Schedule I , Line 21.
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