California Schedule P (Form 540) - Credit Limitations - Residents - 2013

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Alternative Minimum Tax and

TAXABLE YEAR

CALIFORNIA SCHEDULE

2013

P (540)

Credit Limitations — Residents

Attach this schedule to Form 540.

Names as shown on Form 540

Your SSN or ITIN

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 ______________________

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2 Medical and dental expense. Enter the smaller of Schedule A (Form 1040), line 4, or 2½% (.025) of Form 1040, line 37 . .

2 ______________________

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3 Personal property taxes and real property taxes. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 ______________________

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4 Certain interest on a home mortgage not used to buy, build, or improve your home. See instructions . . . . . . . . . . . . . . . . .

4 ______________________

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5 Miscellaneous itemized deductions. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 ______________________

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6 ( ______________________

)

6 Refund of personal property taxes and real property taxes. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Do not include your state income tax refund on this line.

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7 Investment interest expense adjustment. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 ______________________

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8 Post-1986 depreciation. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 ______________________

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9 Adjusted gain or loss. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 ______________________

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10 Incentive stock options and California qualified stock options (CQSOs). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . .

10 ______________________

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11 Passive activities adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 ______________________

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12 Beneficiaries of estates and trusts. Enter the amount from Schedule K-1 (541), line 12a . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 ______________________

13 Other adjustment and preferences. Enter the amount, if any, for each item, a through I, and enter the total on line 13. See instructions.

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a Circulation expenditures . .

g Mining costs . . . . . . . . . . . .

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b Depletion . . . . . . . . . . . . . .

h Patron’s adjustment. . . . . . .

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c Installment sales . . . . . . . .

Pollution control facilities . .

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d Intangible drilling costs . . .

Research and experimental .

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e Long-term contracts . . . . .

k Tax shelter farm activities . .

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Loss limitations . . . . . . . . .

Related adjustments . . . . . .

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13 ______________________

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

14 ______________________

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

15 ______________________

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16 Net operating loss (NOL) deductions from Schedule CA (540), line 21d and line 21e, column B. Enter as a positive amount

16 ______________________

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17 ( ______________________

)

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

18 If your federal adjusted gross income (AGI) is less than the amount for your filing status (listed below), skip this line and go

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18 ( ______________________

)

to line 19. If you itemized deductions and your federal AGI is more than the amount for your filing status, see instructions.

Single or married/RDP filing separately . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $172,615

Married/RDP filing jointly or qualifying widow(er) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $345,235

Head of household . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $258,927

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19 ______________________

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

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

20 ______________________

21 Alternative Minimum Taxable Income . Subtract line 20 from line 19 (if married/RDP filing separately and line 21

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is more than $327,976, see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21 ______________________

Part II Alternative Minimum Tax (AMT)

22 Exemption Amount . (If this schedule is for a certain child under age 24, see instructions.)

If your filing status is:

And line 21 is not over:

Enter on line 22:

}

Single or head of household

$238,051

$63,481

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Married/RDP filing jointly or qualifying widow(er)

$317,401

$84,640

22 ______________________

Married/RDP filing separately

$158,700

$42,319

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 ______________________

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24 Tentative Minimum Tax. Multiply line 23 by 7.0% (.07) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24 ______________________

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25 Regular tax before credits from Form 540, line 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25 ______________________

26 Alternative Minimum Tax . Subtract line 25 from line 24. If zero or less, enter -0- here and on Form 540, line 61. If more

than zero, enter here and on Form 540, line 61. If you make estimated tax payments for taxable year 2014, enter amount from

line 26 on the 2014 Form 540-ES, Estimated Tax Worksheet, line 16. (Exception: If you have carryover credit for solar

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energy or commercial solar energy, first enter the result on Side 2, Part III, Section C, line 24 or 25) . . . . . . . . . . . . . . . . .

26 ______________________

Schedule P (540) 2013 Side 1

7971133

For Privacy Notice, get FTB 1131 ENG/SP.