Looking for a Ct Tax Forms And Templates? Download it for free!

Part II

Minimum Tax Credit and Carryforward to 2013

17. Enter the amount from 2011 Form CT-6251, Line 20, or 2011 Form CT-1041 Schedule I, Line 20. .................... 17.

18. Subtract Line 17 from Line 16. If zero or less, enter “0.” ...................................................................................... 18.

19. Credit for minimum tax paid to qualifying jurisdictions as recalculated: See instructions. .................................... 19.

20. Connecticut alternative minimum tax on exclusion items: Subtract Line 19 from Line 18. ................................... 20.

21. Enter the amount from Worksheet A, Line 7, below. ............................................................................................. 21.

22. Subtract Line 20 from Line 21. If zero or less, enter “0.” ...................................................................................... 22.

23. Enter the decimal from Worksheet B, Line 9, below. ............................................................................................ 23.

24. Multiply Line 22 by Line 23. .................................................................................................................................. 24.

25. 2011 minimum tax credit carryforward: Enter the amount from 2011 Schedule CT-IT Credit, Line 10, Column E. 25.

26. Total adjusted net Connecticut minimum tax credit available: Add Line 24 and Line 25. .................................... 26.

27. Enter 2012 Connecticut income tax minus allowable credits: See instructions. ................................................... 27.

28. Enter 2012 Connecticut alternative minimum tax minus allowable credits. See instructions. .............................. 28.

29. Subtract Line 28 from Line 27. If zero or less, enter “0.” ...................................................................................... 29.

30. 2012 adjusted net Connecticut minimum tax credit: See instructions. ................................................................. 30.

31. Reserved for future use. ....................................................................................................................................... 31.

Worksheet A

(for completing Part II, Line 21)

1. Enter the amount from 2011 Form CT-6251, Line 15, or 2011 Form CT-1041 Schedule I, Line 15. ....................

2. Enter the apportionment factor from 2011 Form CT-6251, Line 18, or 2011 Form CT-1041 Schedule I, Line 18. .....

3. Multiply Line 1 by Line 2. ......................................................................................................................................

4. Enter the amount from 2011 Form CT-6251, Line 20.

Trusts and estates: Enter the amount from 2011 Form CT-1041 Schedule I, Line 20. ......................................

5. Subtract Line 4 from Line 3. ..................................................................................................................................

6. Enter the amount from 2011 Form CT-6251, Line 22, or 2011 Form CT-1041 Schedule I, Line 22. ....................

7. Subtract Line 6 from Line 5. Enter here and on Part II, Line 21. ........................................................................

Worksheet B

(for completing Part II, Line 23)

1. Enter the amount from 2011 Form CT-6251, Line 16.

Trusts and estates: Enter the amount from

2011 Form CT-1041 Schedule I, Line 16. .................

2. Enter the amount from 2011 Form CT-6251, Line 18.

Trusts and estates: Enter the amount from

2011 Form CT-1041 Schedule I, Line 18. .................

3. Multiply Line 1 by Line 2. ......................................................................................... 3.

4. Enter the amount from 2011 Form CT-6251, Line 20.

Trusts and estates: Enter the amount from

2011 Form CT-1041 Schedule I, Line 20. .................

5. Subtract Line 4 from Line 3. ..................................................................................... 5.

6. Enter the amount from 2011 Form CT-6251, Line 15.

Trusts and estates: Enter the amount from

2011 Form CT-1041 Schedule I, Line 15. .................

7. Multiply Line 2 by Line 6. ......................................................................................... 7.

8. Subtract Line 4 from Line 7. ..................................................................................... 8.

9. Divide Line 5 by Line 8. Round to 4 decimal places. If the result is one or greater than one, enter 1.0000.

Enter here and on Part II, Line 23. ......................................................................................................................

Form CT-8801 (Rev. 02/13)

Page 2 of 5

Form Ct-8801 - Credit For Prior Year Connecticut Minimum Tax For Individuals, Trusts, And Estates - 2012 Page 2

Related Articles

Related forms

Related Categories