Form 104 Amt - Colorado Alternative Minimum Tax Computation Schedule - 1998

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104 AMT
COLORADO ALTERNATIVE MINIMUM TAX
1998
COMPUTATION SCHEDULE
NAME
SOCIAL SECURITY NUMBER
Individual taxpayers are subject to a Colo-
net operating loss deduction rather than the
rado alternative minimum tax equal to the
regular net operating loss deduction. Do not
amount by which three and three-quarters per-
enter on line 2 or line 4 below any amount that
cent of their Colorado alternative minimum tax-
duplicates an adjustment made in arriving at
able income exceeds their Colorado normal tax.
federal alternative minimum taxable income.
Colorado alternative minimum taxable in-
Part-year residents and nonresidents see
come is the federal alternative minimum taxable
additional instructions on the back side of this
income increased by the additions entered on
form.
lines 3, 4 and 5, Form 104, and decreased by the
Ordinarily you will have a Colorado alterna-
federal alternative minimum tax exemption and
tive minimum tax if you have a federal alternative
the subtractions entered on lines 9, 10, 11 and
minimum tax.
12, Form 104. In adding back a pre-1987 federal
net operating loss, add the federal alternative tax
Round all amounts to the nearest dollar
1. Amount from line 23 federal form 6251. If line 22, form 6251 is larger than line 21,
00
form 6251, enter negative amount here ................................................................................... 1
00
2. Add modification from lines 3, 4 and 5, Form 104, see instructions above .............................. 2
00
3. Total of lines 1 and 2 ................................................................................................................ 3
00
4. Subtract modifications from lines 9, 10, 11 and 12, Form 104. See instructions above .......... 4
00
5. Line 3 minus line 4 ................................................................................................................... 5
6. Amount on line 5 multiplied by 3.75% (In the case of nonresident or part-year resident
00
taxpayer apportioned at______________________%) ........................................................... 6
00
7. Colorado normal tax from line 15, Form 104 ............................................................................ 7
8. Colorado alternative minimum tax, the amount by which line 6 exceeds line 7.
00
Enter here and on line 16, Form 104 ....................................................................................... 8
ATTACH THIS FORM TO YOUR COLORADO INCOME TAX RETURN, FORM 104.

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