Instructions For Schedule Amt Tax

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Instructions for Schedule AMT Tax
Line 6b
Unitary groups must complete a column
on the schedule for each member with
See the instructions for Form M4-T, on
nexus in Minnesota.
page 12 of the general instructions for an
explanation of the dividends received
Line 4
deduction. The total dividends received
From M4-T, line 4
deduction may not exceed 90 percent of
line 5
Line 6a
Line 6c
A net operating loss incurred in tax years
beginning before 1990 may be carried
See the instructions for Form M4-T, line 9
forward to offset alternative minimum
for a description of contributions eligible
taxable income in the same manner as it is
for this deduction. The total deduction for
carried forward for regular tax purposes.
charitable contributions must not exceed
A net operating loss incurred in tax years
15 percent of the difference of the amount
beginning after 1989 must include all of
on line 5 less the dividends-received
the adjustments and preference items
deduction on line 6b.
listed on Schedule AMT (including the
Line 10
adjusted current earnings statement) in
order to be used as an alternative tax net
Complete lines 11-15 to determine your
operating loss. The alternative tax net
AMT credit and credit carryover amounts,
operating loss deduction may not exceed
if any.
90 percent of the alternative minimum
taxable net income on line 5. Attach a
schedule showing the computation of your
alternative tax net operating loss deduc-
tion.

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