Instructions For Form 6390 - Alaska Federal-Based Credits

Instructions For Form 6390 - Alaska Federal-Based Credits - 2013 Page 2

Alaska AMT

Regular Tax

1 Enter regular tax from

Schedule D, line 7 of Form

6000, 6020, 6100, or 6150

2 Enter Alaska AMT from

Schedule E, line 3 (Form

6000 or 6100), line 1B

(Form 6020) or line 3C

(Form 6150).

3 Enter Alaska credit for prior

year minimum tax from

Schedule A, line 11 of Form

6000, 6020, 6100, or 6150

4 Subtract line 3 from line 2,

but not less than zero

5 Enter gas exploration and

development credit from

Form 6300, line 4

6 Subtract line 5 from line 4

7 Share of tax. Divide each

column of line 6 by the

amount on line 6 of Form

6000, 6020, 6100, or 6150,

net of the amount on line 5

above. Enter as a percent-

age

8 Enter amount from Form 6300, line 29

9 Gas exploration and development credit

from Form 6300, line 4

10 Subtract line 9 from line 8

11 Percentage from line 7, column A

12 Regular tax offset by other incentive

credits. Multiply line 10 by line 11

13 Enter amount from line 9

14 Regular tax offset by Alaska incentive

credits. Add lines 12–13. Enter on Form

6390, line 12b

15 Alaska AMT offset by Alaska incentive

credits. Multiply line 10 by line 7, column B.

Enter on Form 6390, line 13b

Line 24: Use Form 6395 to calculate “specified credits” from a

passive activity. Enter amount from Form 6395, line 21.

Lines 29a–29b: See instructions for line 9 above.

Attach

schedule of applicable credits, by year generated and used.

Lines 30a: See instructions for line 10 above. Attach schedule

of applicable credits, by year generated and used.

0405-6390i Rev 01/02/2013 - page 2

Instructions For Form 6390 - Alaska Federal-Based Credits - 2013 Page 2

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