Form Ct-8801 - Credit For Prior Year Connecticut Minimum Tax For Individuals, Trusts, And Estates - 2015

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Department of Revenue Services
Form CT-8801
2015
State of Connecticut
Credit for Prior Year Connecticut
(Rev. 12/15)
Minimum Tax for Individuals, Trusts, and Estates
Your fi rst name and middle initial
Last name
Your Social Security Number or FEIN
If a joint return, spouse’s fi rst name and middle initial
Last name
Your Spouse’s Social Security Number
• •
• •
__ __ __ __ __ __ __ __ __
• •
• •
Purpose of Form
Individuals, trusts, and estates use Form CT-8801 to compute the adjusted net Connecticut minimum tax credit for the Connecticut alternative
minimum tax paid in prior taxable years. The form is also used to fi gure any minimum tax credit carryforward that may be used in future years.
Who Should File This Form
Individuals, trusts, and estates should fi le Form CT-8801 if the individuals, trusts, or estates had a Connecticut alternative minimum tax liability
in 2014 and adjustments or items of tax preferences (other than exclusion items) in 2014. Also fi le Form CT-8801 for credit on any minimum tax
credit carryforward from a prior year.
To determine the amount of credit carryforward, complete Form CT-8801 for each preceding year. Complete this form in blue or black ink only.
Attach Form CT-8801 to the back of your Form CT-1040, Form CT-1040NR/PY, or Form CT-1041.
Part I
Net Minimum Tax on Exclusion Items Calculated at 19%
00
1. Enter the amount from 2015 federal Form 8801, Line 4. .............................................................................. 1.
00
2. Enter the amount from 2014 Form CT-6251, Line 2, or from 2014 Form CT-1041 Schedule I, Line 2. ....... 2.
(
)
3. Enter the amount from 2014 Form CT-6251, Line 4, or from 2014 Form CT-1041 Schedule I, Line 4. ....... 3.
00
4. Adjusted federal alternative minimum taxable income on exclusion items for 2014
Combine Lines 1, 2, and 3. Inter vivos trusts only, see instructions.
I
f you entered zero (“0”) on Line 2 and Line 3, skip Lines 5 through 10 and enter
00
the amount from your 2015 federal Form 8801, Line 11, on Line 11 of this form. ................................... 4.
5. Enter: $82,100 if fi ling jointly or qualifying widow(er) for 2014; $52,800 if single or
head of household for 2014; or $41,050 if fi ling separately for 2014.
Trusts and estates, enter $23,500. ............................................................................................................... 5.
00
6. Enter: $156,500 if fi ling jointly or qualifying widow(er) for 2014; $117,300 if single or
head of household for 2014; or $78,250 if fi ling separately for 2014.
Trusts and estates, enter $78,250. ............................................................................................................... 6.
00
00
7. Subtract Line 6 from Line 4. If zero or less, enter “0” here and on Line 8 and go to Line 9. ......................... 7.
00
8. Multiply Line 7 by 25% (.25). ........................................................................................................................ 8.
9. Subtract Line 8 from Line 5. If zero or less, enter “0.” If under age 24 at the end of 2014,
00
see the instructions. ...................................................................................................................................... 9.
10. Subtract Line 9 from Line 4. If zero or less, enter “0” here and on Line 16 and skip Lines 11
through 15 and go to Part II. If you fi led federal Form 1040NR, see instructions. ........................................ 10.
00
11.
If you fi led federal Form 2555 or Form 2555-EZ for 2014, see the Line 11 instructions for
the amount to enter on Line 11.
If you fi led federal Form 1040NR for 2014, follow the federal instructions to compute
the amount to enter on Line 11.
If you completed federal Form 8801, Part III, complete Part III of this form and enter
the amount from Form CT-8801, Part III, Line 60.
All others: If Line 10 is $182,500 or less ($91,250 or less, if fi ling separately for 2014),
multiply Line 10 by 26% (.26). Otherwise, multiply Line 10 by 28% (.28) and subtract $3,650
00
($1,825, if fi ling separately for 2014) from the result. .................................................................................. 11.
12. Minimum tax foreign tax credit on exclusion items: Enter the amount from 2015 federal Form 8801, Line 12. ..... 12.
00
00
13. 2014 adjusted federal tentative minimum tax on exclusion items: Subtract Line 12 from Line 11. ............... 13.
00
14. 2014 Connecticut minimum tax on exclusion items calculated at 19% (.19): Multiply Line 13 by 19% (.19). .... 14.
.
15. Apportionment factor: See instructions. ........................................................................................................ 15.
16. Apportioned Connecticut minimum tax on exclusion items calculated at 19% (.19): Multiply
00
Line 14 by Line 15. ....................................................................................................................................... 16.

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