California Schedule P (540) - Alternative Minimum Tax And Credit Limitations - Residents - 2014 Page 2

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Part III Credits that Reduce Tax Note: Be sure to attach your credit forms to Form 540.
1 Enter the amount from Form 540, line 35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 _____________________
00
2 Enter the tentative minimum tax from Side 1, Part II, line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _____________________
00
(a)
(b)
(c)
(d)
Credit
Credit used
Tax balance that
Credit
amount
this year
may be offset
carryover
Section A – Credits that reduce excess tax .
by credits
3 Subtract line 2 from line 1. If zero or less enter -0- and see instructions.
This is your excess tax which may be offset by credits . . . . . . . . . . . . . . . . . . . . . .
3
A1 Credits that reduce excess tax and have no carryover provisions .
4 Code: 162 Prison inmate labor credit (FTB 3507) . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Code: 232 Child and dependent care expenses credit (FTB 3506) . . . . . . . . . . . . . .
5
A2 Credits that reduce excess tax and have carryover provisions . See instructions .
6 Code:
____ ____ ____ Credit Name:
6
7 Code:
____ ____ ____ Credit Name:
7
8 Code:
____ ____ ____ Credit Name:
8
9 Code:
____ ____ ____ Credit Name:
9
10 Code: 188 Credit for prior year alternative minimum tax . . . . . . . . . . . . . . . . . . . . . 10
Section B – Credits that may reduce tax below tentative minimum tax .
11 If Part III, line 3 is zero, enter the amount from line 1. If line 3 is more than
zero, enter the total of line 2 and the last entry in column (c). . . . . . . . . . . . . . . . . 11
B1 Credits that reduce net tax and have no carryover provisions .
12 Code: 170 Credit for joint custody head of household . . . . . . . . . . . . . . . . . . . . . . . 12
13 Code: 173 Credit for dependent parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Code: 163 Credit for senior head of household . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Nonrefundable renter’s credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
B2 Credits that reduce net tax and have carryover provisions . See instructions .
16 Code:
____ ____ ____ Credit Name:
16
17 Code:
____ ____ ____ Credit Name:
17
18 Code:
____ ____ ____ Credit Name:
18
19 Code:
____ ____ ____ Credit Name:
19
B3 Other state tax credit .
20 Code: 187 Other state tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Section C – Credits that may reduce alternative minimum tax .
21 Enter your alternative minimum tax from Side 1, Part II, line 26 . . . . . . . . . . . . . . . 21
22 Code: 180 Solar energy credit carryover from Section B2, column (d) . . . . . . . . . . 22
23 Code: 181 Commercial solar energy credit carryover from Section B2, column (d). . 23
24 Adjusted AMT. Enter the balance from line 23, column (c) here
and on Form 540, line 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
This space reserved for 2D barcode
Side 2 Schedule P (540) 2014
7972143

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