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Alternative Minimum Tax and

TAXABLE YEAR

CALIFORNIA SCHEDULE

1999

Credit Limitations — Residents

P (540)

Attach this schedule to Form 540.

Name(s) as shown on Form 540

Your social security number

Part I

Adjustments and Preferences Important: See instructions for information regarding California/federal differences.

1 If you itemized deductions, go to line 2. If you did not itemize deductions, enter your standard

deduction from Form 540, line 18, and go to line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 ______________________

2 Medical and dental expense. Enter the smaller of Schedule A, Form 1040, line 4, or 2 1/2% of Form 1040, line 34 . . . . . . . .

2 ______________________

3 Personal property taxes and real property taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 ______________________

4 Certain interest on a home mortgage not used to buy, build, or improve your home. See instructions . . . . . . . . . . . . . . . . . .

4 ______________________

5 Miscellaneous itemized deductions. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 ______________________

6 Refund of personal property taxes and real property taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 ______________________

(

)

Caution: Do not include your state income tax refund on this line.

7 Investment interest expense adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 ______________________

8 Post-1986 depreciation. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 ______________________

9 Adjusted gain or loss. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 ______________________

10 Incentive stock options and California qualified stock options (CQSOs). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 ______________________

11 Passive activities adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 ______________________

12 Beneficiaries of estates and trusts. Enter the amount from Schedule K-1 (541), line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 ______________________

13 Other. Enter the amount, if any, for each item, a through o, and enter the total on line 13. See instructions.

a Appreciated contributions . .

h Loss limitations . . . . . . . . . . . . .

b Circulation expenditures . . . .

Mining costs . . . . . . . . . . . . . . .

c Depletion . . . . . . . . . . . . . . .

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

d Depreciation (pre-1987) . . . .

k Pollution control facilities . . . . . .

e Installment sales . . . . . . . . .

Qualified small business stock . .

Intangible drilling costs . . . .

m Research and experimental . . . . .

g Long-term contracts . . . . . .

n Tax shelter farm activities . . . . . .

o Related adjustments . . . . . . . . .

13 ______________________

14 Total Adjustments and Preferences. Combine line 1 through line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 ______________________

Part II Alternative Minimum Taxable Income (AMTI)

15 Enter taxable income from Form 540, line 19. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 ______________________

16 Net operating loss (NOL) deduction from Schedule CA (540), line 21b, 21d, and 21e, column B. Enter as a positive amount 16 ______________________

(

)

17 AMTI exclusion. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ______________________

18 If your federal AGI is less than the amount for your filing status (listed below), skip this line and go to line 19.

(

)

If you itemized deductions and your federal AGI is more than the amount for your filing status, see instructions.

18 ______________________

Single or married filing separate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $119,813

Married filing joint or qualifying widow(er) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $239,628

Head of household . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $179,720

19 Combine line 14 through line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 ______________________

20 Alternative minimum tax NOL deduction. See instructions. Do not enter more than 90% of line 19 . . . . . . . . . . . . . . . . . . . . 20 ______________________

21 Alternative minimum taxable income. Subtract line 20 from line 19 (if married filing separate and line 21

is more than $227,649, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 ______________________

Part III Exemption Amount and Alternative Minimum Tax (AMT)

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

$165,231

$44,062

Married filing joint or qualifying widow(er)

220,308

58,749

22 ______________________

Married filing separate

110,153

29,374

If Part II, line 21 is over 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 Tentative minimum tax. Multiply line 23 by 7.0% (.07) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 ______________________

25 Regular tax before credits from Form 540, line 20. If an amount is entered on Form 540, line 23, see instructions . . . . . . . . 25 ______________________

26 Alternative Minimum Tax. Subtract line 25 from line 24. If zero or less, enter -0- here and on Form 540, line 35. If more

than zero, enter here and on Form 540, line 35. (Exception: If you have carryover credit for solar energy or commercial

solar energy, first enter the result on Side 2, Part IV, Section C, line 21.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 ______________________

P54099109

Schedule P (540) 1999 Side 1

California Schedule P (540) - Alternative Minimum Tax And Credit Limitations - Residents - 1999

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