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Instructions for Form CT-1041 Schedule I

Purpose: Trusts or estates subject to and required to pay the

5b. Full-Year Resident Trusts: Subtract Line 5a from Line 5. This

federal alternative minimum tax are subject to the Connecticut

equals the non-Connecticut-sourced income for full-year

alternative minimum tax. Use this schedule to calculate the trust

resident trusts.

or estate’s Connecticut alternative minimum tax liability and attach

Part-Year Resident Trusts: Enter the amount from Line 5

it to Form CT-1041, Connecticut Income Tax Return for Trusts

above from non-Connecticut sources during the residency

and Estates. Complete the schedule in blue or black ink only.

portion of the taxable year.

Where the calculation of any individual federal item is subject

Generally, this would include the amount from Schedule

to limitations, such as an alternative tax net operating loss

CT-1041FA, Part I, Line 6, plus any deferral items and exclusion

deduction, that item may have to be recalculated if Connecticut

items from non-Connecticut sources during the residency

modiﬁ cations apply.

portion of the taxable year included on federal Form 1041

Schedule I, Part I. In addition, include any of the appropriate

Part I

modiﬁ cations to Connecticut income in determining the tentative

Line 1 - Trust or Estate’s Share of Federal Alternative

adjusted federal alternative minimum taxable income, such as

Minimum Taxable Income

private activity bonds.

Enter the trust or estate’s share of federal alternative minimum

5c. Percentage of Nonresident Noncontingent Beneﬁ ciaries

taxable income from federal Form 1041 Schedule I, Line 29. The

a. Enter the amount from Schedule

ﬁ duciary of a part-year resident trust must also include or exclude

CT-1041B, Part 2, Line 2.

any tax preference items and adjustments attributable to a future

b. Enter the amount from Schedule

year which accrued up to the time of a change in residence. If

CT-1041B, Part 2, Line 3.

the amount on Line 1 is $23,500 or less, do not complete this

schedule. The trust or estate is not liable for either federal or

c. Divide Line a by Line b and enter as a

Connecticut alternative minimum tax.

decimal on Form CT-1041 Schedule I,

Line 5c. Round to four places.

Line 2 - Connecticut Modiﬁ cations Attributable to the

Trust or Estate

5e. Adjusted Federal Alternative Minimum Taxable Income

Resident and part-year resident inter vivos trusts with one or

Enter the Connecticut modiﬁ cations attributable to the trust or

more nonresident, noncontingent beneﬁ ciaries subtract Line 5d

estate. Generally, this ﬁ gure may be obtained from Schedule

from Line 5 and enter the result. All others enter the amount

CT-1041B, Fiduciary Adjustment Allocation, Part I, Line e,

from Line 5.

Column 5. This amount can be a positive or negative number.

Do not include amounts already included on Line 1.

Line 18 - Apportionment Factor

Do not include the trust or estate’s share of any amount that

Nonresident Trusts and Estates and Part-Year Resident

relates to interest or dividend income on obligations or securities

Trusts: Determine the amount of Line 5e derived from

of any authority, commission, or instrumentality of the United

or connected with Connecticut sources. Then divide the

States which federal law exempts from federal income tax, but

Connecticut-sourced portion of Line 5e by the total on Line 5e

does not exempt from state income taxes, that was included on

and enter the result. Round to four decimal places.

Form CT-1041, Schedule A, Line 5.

Part II

Line 4

If you completed Part IV of federal Form 1041 Schedule I,

Enter the trust or estate’s share of the amount of federally tax-

complete this part and enter on Line 12 the amount from Form

exempt interest or exempt-interest dividends, as deﬁ ned in the

CT-1041 Schedule I, Line 52.

Internal Revenue Code (IRC) §852(b)(f), from private activity

bonds issued after August 7, 1986, and included on federal

Lines 25, 26, 27, 32, and 39

Form 1041 Schedule I, Part I, Line 8.

When entering an amount on Lines 25, 26, 27, 32, and 39, include

the Form CT-1041, Schedule A, modiﬁ cation for the gain or loss

Line 5 - Tentative Adjusted Federal Alternative Minimum

on the sale of Connecticut state and local government bonds

Taxable Income.

from Form CT-1041, Schedule A, Line 3 or Line 9, and exclude

Subtract Line 4 from Line 3 and enter the result.

any amount included on Line 5d of Form CT-1041 Schedule I.

Lines 5a through 5d should be completed by full-year

Part III

or part-year resident inter vivos trusts with one or more

Form CT-1041 Schedule I, Part III, may be used by Connecticut

nonresident, noncontingent beneﬁ ciaries. All others, go

resident trusts and estates and part-year resident trusts only.

to Line 5e and enter the amount from Line 5.

Resident Trusts and Estates: Use Form CT-1041 Schedule I,

5a. Enter the amount from Line 5 that is from Connecticut

Part III, to claim a credit against the net Connecticut minimum

sources.

tax liability for alternative minimum tax paid during the taxable

year to a qualifying jurisdiction.

Full-Year Resident Trusts: Enter the amount from Schedule

CT-1041C, Connecticut Taxable Income Calculation, Line 9,

Part-Year Resident Trusts: Use Form CT-1041 Schedule I, Part

plus any Connecticut-sourced exclusions and deferral items

III, to claim a credit against the net Connecticut minimum tax

from federal Form 1041 Schedule I, Part I.

liability for alternative minimum tax paid to a qualifying jurisdiction

for the residency portion of the taxable year on items of income,

Part-Year Resident Trusts: Enter the amount from Schedule

gain, loss, or deduction attributable to that jurisdiction during the

CT-1041FA, Fiduciary Allocation, Line 4, plus any Connecticut-

sourced exclusions and deferral items from federal Form 1041

period of Connecticut residency.

Schedule I, Part I, during the residency portion of the taxable

A qualifying jurisdiction includes another state of the United

year.

States, a local government within another state, or the District

Form CT-1041 Schedule I (Rev.

)

Page 3 of 4

01/15

Form Ct-1041 Schedule I - Connecticut Alternative Minimum Tax Computation Of Trusts Or Estates - 2014 Page 3

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