California Schedule P (540nr) Draft - Alternative Minimum Tax And Credit Limitations - 2016 Page 3
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2
3Part III Credits that Reduce Tax Note: Be sure to attach your credit forms to Long Form 540NR.
00
1 Enter the amount from Long Form 540NR, line 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 _____________________
00
2 Enter the tentative minimum tax from Side 2, Part II, line 43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _____________________
(a)
(b)
(c)
(d)
Credit
Credit used
Tax balance that
Credit
amount
this year
may be offset
carryover
Section A – Credits that reduce excess regular tax.
by credits
3 Subtract line 2 from line 1. If zero or less enter -0- and see instructions.
This is your excess tax which may be offset by credits . . . . . . . . . . . . . . . . . . . . . .
3
A1 Credits that reduce excess tax and have no carryover provisions.
4 Code: 162 Prison inmate labor credit (FTB 3507) . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Code: 232 Child and dependent care expenses credit (FTB 3506). . . . . . . . . . . . . .
5
A2 Credits that reduce excess tax and have carryover provisions. See instructions.
6 Code:
____ ____ ____ Credit Name: _________________________________
6
7 Code:
____ ____ ____ Credit Name: _________________________________
7
8 Code:
____ ____ ____ Credit Name: _________________________________
8
9 Code:
____ ____ ____ Credit Name: _________________________________
9
10 Code: 188 Credit for prior year alternative minimum tax ____________________ 10
Section B – Credits that may reduce tax below tentative minimum tax.
11 If Part III, line 3 is zero, enter the amount from line 1. If line 3 is more than
zero, enter the total of line 2 and the last entry in column (c) . . . . . . . . . . . . . . . . . 11
B1 Credits that reduce net tax and have no carryover provisions.
12 Code: 170 Credit for joint custody head of household
Credit from
Credit
Form 540NR, ____________________ X Percentage ___ . ___ ___ ___ ___ = 12
See line 51 instructions on Long Form 540NR.
13 Code: 173 Credit for dependent parent
Credit from
Credit
Form 540NR, ____________________ X Percentage ___ . ___ ___ ___ ___ = 13
See line 52 instructions on Long Form 540NR.
14 Code: 163 Credit for senior head of household
Credit from
Credit
Form 540NR, ____________________ X Percentage ___ . ___ ___ ___ ___ = 14
See line 53 instructions on Long Form 540NR.
15 Nonrefundable renter’s credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
B2 Credits that reduce net tax and have carryover provisions. See instructions.
16 Code:
____ ____ ____ Credit Name: _________________________________ 16
17 Code:
____ ____ ____ Credit Name: _________________________________ 17
18 Code:
____ ____ ____ Credit Name: _________________________________ 18
19 Code:
____ ____ ____ Credit Name: _________________________________ 19
B3 Other state tax credit
20 Code: 187 Other state tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Section C – Credits that may reduce alternative minimum tax.
21 Enter your alternative minimum tax from Side 2, Part II, line 45 . . . . . . . . . . . . . . . 21
22 Code: 180 Solar energy credit carryover from Section B2, column (d) . . . . . . . . . . 22
23 Code: 181 Commercial solar energy credit carryover from Section B2,
column (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Adjusted AMT. Enter the balance from line 23, column (c) here and on
Long Form 540NR, line 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
7983163
Schedule P (540NR) 2016 Side 3
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