California Form 3510 - Credit For Prior Year Alternative Minimum Tax - Individuals Or Fiduciaries - 2013 Page 3

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Line 4 – If line 4 is zero and you paid 2012
Enter the amount of the reduction in the space
AMT, all of the 2012 AMT is attributable to the
to the left of line 28.
deferral preferences. Enter -0- on line 13, then
Line 31 – Enter the amount of any unused
complete Part I, Section B, if applicable, and
AMT credit carryover from one of the following
Part II to figure the credit available for 2013.
2012 forms:
Married/RDP taxpayers filing separate
• Schedule P (540), Part III, line 12,
California tax returns: Complete the following
column (d).
computation if line 4 is more than $322,495:
• Schedule P (540NR), Part III, line 12,
1. Enter the amount from line 4 . . . . _______
column (d).
• Schedule P (541), Part IV, line 10,
2. Maximum exemption amount . . $322,495
column (d).
3. Subtract line 2 from line 1 . . . . . _______
-322,495
Line 32 – If line 32 is zero or less, you do not
4. Multiply line 3 by 25% (.25) . . . . _______
-80,624
have an AMT credit or an AMT credit to carry
5. Enter the smaller of line 4 or
over. Do not complete the rest of this form.
$41,612 . . . . . . . . . . . . . . . . . . . . _______
If line 32 is more than zero, enter the amount
-80,624
here and in column (a) of one of the following
6. Add line 1 and line 5. Enter the
2013 forms:
result here and replace the amount
on form FTB 3510, line 4 with this
• Schedule P (540), Part III, line 12.
amount . . . . . . . . . . . . . . . . . . . . _______
• Schedule P (540NR), Part III, line 12.
-80,624
• Schedule P (541), Part IV, line 10.
Line 9 – Enter the smaller of (1) the amount
by which line 5 exceeds line 8 or (2) the child’s
Line 34 – Exemption and other allowable
2012 earned income plus $6,950, if the child
credits that ca nnot reduce regular tax below
did not file a joint return for 2012, at least one
the tentative minimum tax.
parent was alive at the end of 2012, and one of
Residents enter on line 34 the total of the
the following statements is true.
following:
1. The child was under age 18 at the end of
• The exemption credits from Form 540,
2012.
line 32 (or Form 541, line 22).
2. The child was age 18 at the end of 2012
• The amount of other allowable credits
and did not have earned income that was
that are listed on your 2013 Schedule P
more than half of their support.
(540 or 541), Section A1 and Section A2,
column (b).
3. The child was a full-time student over age
18 and under age 24 at the end of 2012 and
Nonresidents or Part-Year Residents enter on
did not have earned income that was more
line 34 the total of the following:
than half of their support.
• The exemption and other allowable credits
Certain January 1 Birthdays. If the child
from Long Form 540NR, line 39.
was born on January 1, 1995, the child is
• The amount of other allowable credits
considered to be 18 at the end of 2012. If the
that are listed on your 2013 Schedule P
child was born on January 1, 1994, the child is
(540NR), Section A1 and Section A2,
considered to be 19 at the end of 2012. If the
column (b).
child was born on January 1, 1989, the child is
See Schedule P (540, 540NR, or 541) for more
considered to be 24 at the end of 2012.
information.
Line 10 – If line 10 is -0- and you paid 2012
Line 36 – Enter the tentative minimum tax
AMT, all of the 2012 AMT is attributable to the
from one of the following 2013 forms:
deferral preferences. Enter -0- on line 13, then
• Schedule P (540), Part II, line 24.
complete Part I, Section B, if applicable, and
• Schedule P (540NR), Part II, line 43.
Part II to figure the available credit for 2013.
• Schedule P (541), Part III, line 8.
Line 18 – Enter the adjustments and tax
preference items treated as exclusions.
Combine your 2012 Schedule P (540NR),
Part II, lines 29a and 29h. Do not include
any amount from line 29f. Instead, include
the exclusion items from your 2012
Schedule K-1 (541), line 12e, column (e).
Line 28 – Reduce the amount on line 28 by
the same amount shown on one of the forms
below if you reduced your 2012 AMT by any
solar energy credit carryover or commercial
solar energy credit carryover:
• Schedule P (540), Part III, line 24 and
line 25, column (b).
• Schedule P (540NR), Part III, line 24 and
line 25, column (b).
• Schedule P (541), Part IV, line 18 and
line 19, column (b).
Page 2 FTB 3510 Instructions 2013

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