California Schedule P (540) - Attach To Form 540 - Alternative Minimum Tax And Credit Limitations - Residents - 2002

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TAXABLE YEAR

Alternative Minimum Tax and

CALIFORNIA SCHEDULE

2002

Credit Limitations — Residents

P (540)

Attach this schedule to Form 540.

Name(s) as shown on Form 540

Your social security number

Part I

Alternative Minimum Taxable Income (AMTI) 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 36 . . . . . . .

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 contribution

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

carryover . . . . . . . . . . . . . . .

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

b Circulation expenditures . . . .

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

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

k Pollution control facilities . . . . . .

d Depreciation (pre-1987) . . . .

Qualified small business stock . .

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

m Research and experimental . . . . .

Intangible drilling costs . . . . .

n Tax shelter farm activities . . . . . .

g Long-term contracts . . . . . . .

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

13 ______________________

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

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

SUSPENDED

16 Net operating loss (NOL) deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 ______________________

(

)

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

18 If your federal adjusted gross income (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 separately . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $132,793

Married filing jointly or qualifying widow(er) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $265,589

Head of household . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $199,192

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

SUSPENDED

20 Alternative minimum tax NOL deduction. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 ______________________

21 Alternative Minimum Taxable Income. Enter amount from line 19 (if married filing separately and line 21

is more than $252,311, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 ______________________

Part II 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

$183,132

$48,836

Married filing jointly or qualifying widow(er)

244,176

65,114

22 ______________________

Married filing separately

122,087

32,556

If Part I, line 21 is more than 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 III, Section C, line 23.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 ______________________

P54002103

Schedule P (540) 2002 Side 1