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Iowa Department of Revenue

2014 IA 8801

I ow a Cr e di t for P ri or -Ye a r Mi ni m um Tax

for Individuals, Estates, and Trusts

Name(s)

SSN

PART I - Calculation of Allowable Minimum Tax Credit for 2014

Residents enter amount from line 28 of the 2013 IA 6251,

nonresidents and part-year residents enter the amount from line 32 of

the 2013 IA 6251. Also enter in Part I on the IA 148 Tax Credits

Schedule, column D ...............................................................................

Enter carryforward credit from line 10 of the 2013 IA 8801. Also enter

in Part I on the IA 148, column C ...........................................................

Total available Minimum Tax Credit. Add lines 1 and 2 .........................

Enter 2014 regular tax liability from IA 1040, line 39, minus lines 46,

48, and other nonrefundable credits on line 50 less any Minimum Tax

Credit. From IA 1041, enter line 23 minus lines 27 and other

nonrefundable credits on line 30 less any Minimum Tax Credit; if

nonresident IA 1041, enter line 23 minus lines 27, 28, and 30 less any

Minimum Tax Credit ..............................................................................

Enter 2014 tentative minimum tax from line 26 of the 2014 IA 6251.

Nonresidents and part-year residents multiply 2014 tentative

minimum tax from line 26 of 2014 IA 6251 by line 31 of 2014 IA 6251

and enter here .......................................................................................

Subtract line 5 from line 4. If zero or less, enter zero ............................

Allowable Minimum Tax Credit. Enter the smaller of line 3 or line 6.

Also enter on the IA 148 Tax Credits Schedule, column F ....................

PART II – Calculation of Minimum Tax Credit Carryforward to 2015

Carryforward of Minimum Tax Credit to 2015. Subtract line 7 from line

3. Also enter on IA 148 Tax Credits Schedule, column H ......................

Instructions

Form IA 8801 is used to calculate the Minimum

carryforward from tax year 2013.

Tax Credit that can be claimed in tax year 2014,

To complete this form, you will need form IA

if any, as a result of minimum tax paid in prior

6251 for tax year 2013, form IA 6251 for tax

years. It is also used to compute the Minimum

year 2014, and IA 1040 or IA 1041 for tax year

Tax Credit that can be carried forward to tax

2014. Enter the claim information for the

year 2015.

Minimum Tax Credit in Part I of the IA 148 Tax

Form

8801

should

completed

Credits Schedule, using tax credit code 09.

individuals, trust, and estates with minimum tax

Include this form with the IA 1040 or the IA

liability in tax year 2013 or Minimum Tax Credit

1041.

IA 148 Tax Credits Schedule must be completed.

41-009 (07/22/14)

Form Ia 8801 - Iowa Credit For Prior-Year Minimum Tax For Individuals, Estates, And Trusts - Iowa Department Of Revenue

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