Form Amtt - Alternative Minimum Tax - 2013

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AMTT
2013 Alternative Minimum Tax
Calculation of Tax
B
B
B
1
2
3
Single/designated filer
Corporation name
Unitary businesses: Complete a column for
FEIN
each member with nexus in Minnesota.
Minnesota tax ID
You must round amounts to nearest whole dollar.
AMT computation
1 Alternative minimum taxable income (from AMTI, line 19) . . . 1
2 Apportionment factor (from M4A, line 19) . . . . . . . . . . . . . . . . 2
3 Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Minnesota nonapportionable income (from M4T, line 4) . . . . 4
5 Add lines 3 and 4. If zero or less, skip lines 6a, 6b and 6, and
enter zero on line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 a Alternative minimum tax (AMT) net-operating-loss
deduction (see instructions below) . . . . . . . . . . . . . . . . . . 6a
b Deduction for dividends received (from M4T, line 8b;
do not exceed 90 percent of line 5) . . . . . . . . . . . . . . . . . 6b
Total (add lines 6a and 6b; do not exceed
90 percent of line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Minnesota alternative minimum taxable income
(subtract line 6 from line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Tentative minimum tax (multiply line 7 by 0.058) . . . . . . . . . . 8
9 Regular tax (from M4T, line 12) . . . . . . . . . . . . . . . . . . . . . . . . 9
10 AMT (subtract line 9 from line 8; if zero or less, enter zero) 10
Enter amounts on M4T, line 13.
AMT credit
11 AMT credit carryover from 2012 (from 2012 AMTT, line 15) 11
12 Subtract line 8 from line 9 (if zero or less, enter zero) . . . . 12
13 AMT credit (enter the amount from line 11 or 12,
whichever is less) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Enter amounts on M4T, line 15.
AMT carryover calculation
14 Add lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 AMT credit carried to 2014 (subtract line 13 from line 14)
15
Instructions for line 6a
A net operating loss must include all adjustments and preference items listed on Schedule AMTI (including the adjusted current earnings
statement) in order to be used as an alternative tax net operating loss. Net operating losses may be carried forward only. The carry forward
period is 15 years. Attach a schedule showing the computation of your alternative tax net-operating-loss deduction. The amount on line 6a
must not exceed 90 percent of line 5.
9995

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