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Form CT-8801 Instructions

General Information

If you were not liable for Connecticut alternative minimum

tax in 2014, but you are claiming a credit carryforward, skip

How the Credit for Prior Year Minimum Tax Is Calculated

Lines 1 through 25. Enter on Line 26 the amount from your 2014

Your credit for 2015 is calculated by subtracting the part of

Schedule CT-IT Credit, Line 10, Column E.

your 2014 Connecticut alternative minimum tax attributable to

adjustments and items of tax preferences (such as exclusion

Individuals

items) specified in IRC §53(d) from your net Connecticut

Enter in the space provided at the top of the form your name and

alternative minimum tax paid in 2014 and adding the result to

Social Security Number (SSN) as it appears on your Connecticut

the amount of credit carried forward from the prior year.

income tax return. If you ﬁ led a joint return, also enter your

spouse’s name and SSN.

Exclusion items are your federal alternative minimum tax

adjustments and preferences for the standard deduction,

Trusts and Estates

itemized deductions (including any investment interest expense

Enter in the space provided at the top of the form the name of

reported on federal Schedule E), the deduction for charitable

the trust or estate and the name of the ﬁ duciary as it appears on

contributions of appreciated property, certain tax-exempt interest,

Form CT-1041, Connecticut Income Tax Return for Trusts and

and depletion.

Estates. Also, enter the Federal Employer Identiﬁ cation Number

For more information, see the instructions for federal Form 8801,

(FEIN) of the trust or estate.

Credit for Prior Year Minimum Tax - Individuals, Estates, and

Trusts.

Line Instructions

How the Credit May Be Used

Part I

You may be able to reduce your regular Connecticut income

Line 4

tax liability by the amount of your credit. Your credit for 2015

is limited to the amount that your regular Connecticut income

Only full-year resident or part-year resident inter-vivos trusts

tax for 2015, less the credit allowed for income tax paid to a

with one or more nonresident noncontingent beneficiaries

qualifying jurisdiction(s) and allowable income tax credits from

must complete Worksheet C. All other trusts, complete

Schedule CT-IT Credit, Income Tax Credit Summary, exceeds

Line 4 and skip Worksheet C.

your Connecticut alternative minimum tax for 2015, less the

Line 9

credit allowed for alternative minimum tax paid to a qualifying

If under age 24 at the end of 2014, follow the instructions for

jurisdiction(s).

Line 9 of the 2015 federal Form 8801 to determine the amount

The Unused Portion of the Credit

to enter on this line.

Any unused portion of the credit may be carried forward to reduce

Line 10

your regular Connecticut income tax in future years. You may

If you ﬁ led federal Form 1040NR for 2014 and had a net gain on

carry the credit forward until it is completely used. If you are entitled

the disposition of U.S. real property interests, Line 10 cannot be

to any additional credit in a subsequent year, you may add that

less than the smaller of that net gain or Line 4.

credit to any balance being carried forward.

Line 11

If you claimed the foreign earned income exclusion, housing

General Instructions

exclusion, or housing deduction on federal Form 2555 or Form

Complete your 2015 federal Form 8801 before you complete

2555-EZ for 2014, you must use the Connecticut Foreign Earned

Form CT-8801.

Income Tax Worksheet – Line 11 (below) to compute the amount

If you were liable for Connecticut alternative minimum tax in 2014,

to enter on Line 11.

you must complete all applicable parts of this form including

Worksheets A, B, and C.

Connecticut Foreign Earned Income Tax Worksheet - Line 11

1. Enter the amount from Form CT-8801, Line 10. ......................................................................................................... 1. ______________________

2. Enter the amount from your (and your spouse’s if ﬁ ling jointly)

2014 federal Form 2555, Lines 45 and 50, or 2014 federal Form 2555-EZ, Line 18. . ............................................... 2. ______________________

3. Add Lines 1 and 2. ..................................................................................................................................................... 3. ______________________

4. Tax amount on Line 3:

•

If for 2015 you completed federal Form 8801, Part III, you must complete Part III of Form CT-8801.

Enter the amount from Line 3 of this worksheet on Form CT-8801, Line 32. Then complete the rest

of Part III of Form CT-8801 and enter the amount from Line 60 here.

•

All others: If Line 3 is

$182,500 or less ($91,250

or less if ﬁ ling separately for 2014), multiply Line 3

by 26% (.26). Otherwise multiply Line 3 by 28% (.28) and subtract

$3,650 ($1,825

, if ﬁ ling separately

for 2014) from the result. ........................................................................................................................................ 4. ______________________

5. Tax on amount on Line 2: If Line 2 is

$182,500 or less ($91,250

or less if ﬁ ling separately for 2014),

$3,650 ($1,825

multiply Line 2 by 26% (.26). Otherwise multiply Line 2 by 28% (.28) and subtract

, if ﬁ ling

separately for 2014) from the result. .......................................................................................................................... 5. ______________________

6. Subtract Line 5 from Line 4. Enter here and on Form CT-8801, Line 11. If zero or less, enter “0.” ........................... 6. ______________________

Page 4 of 5

Form CT-8801 (Rev. 12/15)

Form Ct-8801 - Credit For Prior Year Connecticut Minimum Tax For Individuals, Trusts, And Estates - 2015 Page 4

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