California Schedule P (541) - Alternative Minimum Tax And Credit Limitations - Fiduciaries - 2003

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Alternative Minimum Tax and
TAXABLE YEAR
CALIFORNIA SCHEDULE
2003
P (541)
Credit Limitations — Fiduciaries
Attach this schedule to Form 541
Name(s) as shown on Form 541
Federal employer identification number
-
Part I Fiduciary’s Share of Alternative Minimum Taxable Income (AMTI)
1 Adjusted total income (or loss). Enter the amount from Form 541, line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
SUSPENDED
2 Net operating loss (NOL) deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Enter amount from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Adjustments and tax preference items:
4 a Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a
b Personal property taxes and real property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b
c Miscellaneous itemized deductions from Form 541, line 15b . . . . . . . . . . . . . . . . . . . . . . . . . . 4c
(
)
d Refund of personal property taxes and real property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . 4d
e Depreciation of property placed in service after 1986 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4e
f
Circulation and research and experimental expenditures paid or incurred after 1986 . . . . . . . 4f
g Mining exploration and development costs paid or incurred after 1986 . . . . . . . . . . . . . . . . . 4g
h Long-term contracts entered into after February 28, 1986 . . . . . . . . . . . . . . . . . . . . . . . . . . . 4h
i
Amortization of pollution control facilities placed in service after 1986 . . . . . . . . . . . . . . . . . . . 4i
j
Installment sales of certain property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4j
k Adjusted gain or loss (including incentive stock options) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4k
l
Certain loss limitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4l
m Tax shelter farm activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4m
n Passive activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4n
o Beneficiaries of other trusts or decedent’s estates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4o
p Appreciated property charitable deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4p
q Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4q
r
Accelerated depreciation of real property placed in service before 1987 . . . . . . . . . . . . . . . . . 4r
s Accelerated depreciation of leased personal property placed in service before 1987 . . . . . . . 4s
t
Intangible drilling costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4t
u California qualified stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4u
v Other adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4v
5 Combine line 4a through line 4v . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Add line 3 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Alternative minimum taxable income deduction and exclusion:
SUSPENDED
7 a Alternative minimum tax NOL deduction. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a
b AMTI exclusion. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7b
c Enter amount from line 7b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7c
8 Adjusted alternative minimum taxable income. Subtract line 7c from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 Income distribution deduction from Part II, line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Fiduciary’s share of alternative minimum taxable income. Subtract line 9 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
If line 10 is $33,272 or less and you are not claiming any credits, do not complete Part III and Part IV of this schedule.
P54103104
Schedule P (541) 2003 Side 1

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