California Form P (540nr) - Alternative Minimum Tax And Credit Limitations - Nonresidents Or Part-Year Residents - 2015 Page 2

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Part II Alternative Minimum Tax (AMT)
22 Exemption Amount. (If this schedule is for certain children 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
$246,451
$65,721
00
Married/RDP filing jointly or qualif
ying widow(er)
$328,601
$87,627
. . . . . .
22 _
___________________
Married/RDP filing separately
$164,299
$43,812
If Part I, line 21 is more than the a
mount shown above for your filing status, see instructions.
00
23 Subtract line 22 from Part I, line 2
1. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23 _
___________________
00
24 Total Tentative Minimum Tax (TMT
). Multiply line 23 by 7% (.07) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 _
___________________
00
25 California adjusted gross income (
AGI) from Schedule CA (540NR), line 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25 _
___________________
00
26 NOL adjustment, if any, included o
n Schedule CA (540NR), line 21, column E. Enter as a positive number . . . . . . . . . . . . .
26 _
___________________
(
00
)
27 Alternative Minimum Tax Income (
AMTI) exclusion. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27 _
___________________
00
28 Combine line 25 through line 27 .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28 _
___________________
29 Adjustments and Preferences. Se
e instructions before completing.
00
00
a Investment interest expense . . .
.
j
Intangible drilling costs . . . . . . . . .
00
00
b Post-1986 depreciation . . . . . . .
.
k Long-term contracts . . . . . . . . . . .
00
00
c Adjusted gain or loss. . . . . . . . .
.
l
Loss limitations . . . . . . . . . . . . . . .
00
00
d
m Mining costs . . . . . . . . . . . . . . . . .
Incentive stock options and CQSOs
00
00
e Passive activities . . . . . . . . . . . .
.
n Patron’s adjustment. . . . . . . . . . . .
00
00
f
Beneficiaries of estates & trusts
o Pollution control facilities . . . . . . .
00
00
g Circulation expenditures . . . . . .
.
p
. . .
Research and experimental costs
00
00
h Depletion . . . . . . . . . . . . . . . . . .
.
q Tax shelter farm activities . . . . . . .
00
00
i
Installment sales . . . . . . . . . . . .
.
r Related adjustments . . . . . . . . . . .
00
Add line a through line r and enter
total here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29 __
___________________
00
30 Combine line 28 and line 29. . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30 __
___________________
00
31 California Alternative Minimum Ta
x (AMT) net operating loss (NOL) deduction. See instructions . . . . . . . . . . . . . . . . . . . . .
31 __
___________________
32 California AMT AGI. Subtract line
31 from line 30. If you did not itemize deductions, enter the result here and on line 40
00
and skip line 33 through line 39. I
f you itemized deductions, enter the result here and continue to line 33. . . . . . . . . . . . . .
32 __
___________________
00
33 Itemized deductions (before feder
al AGI limitation and proration). Enter the amount from Schedule CA (540NR), line 42 . .
33 __
___________________
34 Itemized deductions included in P
art I.
00
a Medical and dental expense, e
nter amount from Part I, line 2 . . . . . . . . . . . . . . . . . . . .
a _____________________
00
b Personal property taxes and re
al property taxes, enter amount from Part I, line 3. . . . .
b _____________________
00
c Interest on home mortgage, en
ter amount from Part I, line 4 . . . . . . . . . . . . . . . . . . . .
c _____________________
00
d Miscellaneous itemized deduc
tions, enter amount from Part I, line 5 . . . . . . . . . . . . . .
d _____________________
00
e Investment interest expense ad
justment, enter amount from Part I, line 7 . . . . . . . . . .
e _____________________
(
)
00
Combine line a through line e. . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34 _
___________________
00
35 Total AMT Itemized Deductions. C
ombine line 33 and line 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
35 _
___________________
00
36 Total AMTI. Enter the amount from
Part I, line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36 _
___________________
00
37 Total AMT AGI. Add line 35 and lin
e 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37 _
___________________
38 AMT Itemized Deduction Percenta
38
_
__ . ___ ___ ___ ___
ge. Divide line 32 by line 37. Do not enter more than 1.0000 . . . . . . . . . . . . . . . . . . . . . .
00
39 Prorated AMT Itemized Deduction
s. Multiply line 35 by line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
39 _
___________________
00
40 California AMTI. Subtract line 39
from line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40 _
___________________
00
41 Total TMT. Enter the amount from
line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
41 _
___________________
42 California AMT Rate. Divide line 41
by amount from Part I, line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
42
_
__ . ___ ___ ___ ___
00
43 California TMT. Multiply line 40 by
line 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
43 _
___________________
00
44 Regular Tax. Enter the amount fro
m Long Form 540NR, line 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
44 _
___________________
45 Alternative Minimum Tax. Subtra
ct line 44 from line 43. If zero or less enter -0- here and on Long Form 540NR, line 71.
Continue to Part III to figure your
allowable credits. (If you have a carryover credit for solar energy or commercial solar
energy, also enter the result on Si
de 3, Part III, Section C, line 22 or 23). If you make estimated tax payments for
00
taxable year 2016, enter amount f
rom line 45 on the 2016 Form 540-ES, Estimated Tax Worksheet, line 16 . . . . . . . . . . . .
45 _
___________________
Side 2 Schedule P (540NR) 2015
7982153

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