Schedule M2MT, Alternative Minimum 2012
2012 M2MT
for Estates and Trusts
Name of estate or trust
Federal ID number
Minnesota ID number
Place an X if you are using this schedule to determine Minnesota AMT for Schedule M2SB (see instructions)
A
B
Amount allocated
Total amount
to Minnesota
(round amounts)
(round amounts)
1 Federal alternative minimum taxable income
(from federal Schedule I) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Fiduciary’s deductions and losses not allowed by Minnesota
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Portion of additions from line 43, column E,
of Form M2 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Add line 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Portion of subtractions from line 43, column E,
of Form M2 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Subtract line 5 from line 4 . If line 6, column A is $33,800 or less,
stop here . Skip the rest of this schedule, but include it with Form M2 . . . . 6
7 Divide line 6, column B by line 6, column A
(round the result to five decimal places) . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Maximum exemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
$33,800
9 Phaseout amount exemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
$75,000
10 Subtract line 9 from line 6, column A (if result is zero or less, enter 0) . . 10
11 Multiply line 10 by 25% ( .25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Subtract line 11 from line 8 (if result is zero or less, enter 0) . . . . . . . . . 12
13 Multiply line 12 by line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Subtract line 13 from line 6, column B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Multiply line 14 by 6 .4% ( .064) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Tax from line 10 of Form M2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Subtract line 16 from line 15 (if result is zero or less, enter 0) . Also enter the
result on line 12 of Form M2, and be sure to check the box for M2MT . . . . . . . . . . . . . . . . . . . . . . . . . 17
You must include this schedule and a copy of federal Schedule I when you file your Form M2.