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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.

federal alternative minimum tax are subject to the Connecticut

This equals the non-Connecticut-sourced income for

alternative minimum tax. Use this schedule to calculate the trust

full-year resident trusts.

or estate’s Connecticut alternative minimum tax liability and attach

Part-Year Resident Trusts: Enter the amount from

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

Line 5 above from non-Connecticut sources during the

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

residency 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

deduction, that item may have to be recalculated if Connecticut

exclusion items from non-Connecticut sources during the

modiﬁ cations apply.

residency portion of the taxable year included on federal

Part I

Form 1041 Schedule I, Part I. In addition, include any of

the appropriate modiﬁ cations to Connecticut income in

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

determining the tentative adjusted federal alternative

Minimum Taxable Income

minimum taxable income, such as private activity bonds.

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

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

5c. Percentage of Nonresident Noncontingent Beneﬁ ciaries

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

a. Enter the amount from Schedule

any tax preference items and adjustments attributable to a future

CT-1041B, Part 2, Line 2.

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

the amount on Line 1 is $22,500 or less, do not complete this

b. Enter the amount from Schedule

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

CT-1041B, Part 2, Line 3.

Connecticut alternative minimum tax.

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

decimal on Form CT-1041 Schedule I,

Line 2 - Connecticut Modiﬁ cations Attributable to the Trust

Line 5c. Round to four places.

or Estate

Enter the Connecticut modifications attributable to the

5e. Adjusted Federal Alternative Minimum Taxable Income

trust or estate. Generally, this ﬁ gure may be obtained from

Resident and part-year resident inter vivos trusts with one

Schedule CT-1041B, Fiduciary Adjustment Allocation, Part I,

or more nonresident, noncontingent beneﬁ ciaries subtract

Line e, Column 5. This amount can be a positive or negative

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

number. Do not include amounts already included on Line 1.

the amount from Line 5.

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

Line 18 - Apportionment Factor

relates to interest or dividend income on obligations or securities

of any authority, commission, or instrumentality of the United

Nonresident Trusts and Estates and Part-Year Resident

States which federal law exempts from federal income tax, but

Trusts: Determine the amount of Line 5e derived from

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

or connected with Connecticut sources. Then divide the

Form CT-1041, Schedule A, Line 5.

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

and enter the result. Round to four decimal places.

Line 4

Part II

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

tax-exempt interest or exempt-interest dividends, as deﬁ ned

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

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

complete this part and enter on Line 12 the amount from

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

Form CT-1041 Schedule I, Line 42.

federal Form 1041 Schedule I, Part I, Line 8.

Lines 25, 26, 27, and 32

Line 5 - Tentative Adjusted Federal Alternative Minimum

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

Taxable Income.

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

Subtract Line 4 from Line 3 and enter the result.

on the sale of Connecticut state and local government bonds

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

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

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

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

nonresident, noncontingent beneﬁ ciaries. All others, go to

Part III

Line 5e and enter the amount from Line 5.

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

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

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

sources.

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

Full-Year Resident Trusts: Enter the amount from

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

Schedule CT-1041C, Connecticut Taxable Income Calculation,

tax liability for alternative minimum tax paid during the taxable

Line 9, plus any Connecticut-sourced exclusions and

year to a qualifying jurisdiction.

deferral items from federal Form 1041 Schedule I, Part I.

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

Part-Year Resident Trusts: Enter the amount from

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

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

tax liability for alternative minimum tax paid to a qualifying

Connecticut-sourced exclusions and deferral items from

jurisdiction for the residency portion of the taxable year on

federal Form 1041 Schedule I, Part I, during the residency

items of income, gain, loss, or deduction attributable to that

portion of the taxable year.

jurisdiction during the period of Connecticut residency.

Form CT-1041 Schedule I (Rev. 01/12)

Page 3 of 4

Schedule I (Form Ct-1041) - Connecticut Alternative Minimum Tax Computation Of Trusts Or Estates - 2011 Page 3

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