California Schedule P (Form 541) - Alternative Minimum Tax And Credit Limitations-Fiduciaries Page 3

Download a blank fillable California Schedule P (Form 541) - Alternative Minimum Tax And Credit Limitations-Fiduciaries in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete California Schedule P (Form 541) - Alternative Minimum Tax And Credit Limitations-Fiduciaries with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

Part IV Credits that Reduce Tax Note: Be sure to attach the credit forms to Form 541.
00
 Enter the amount from Form 541, line 21, minus Form 541, line 22, but not less than zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
2 Tentative minimum tax from Part III, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
Section A – Credits that reduce excess tax.
(a)
(b)
(c)
(d)
Credit
Credit used
Tax balance
Credit
amount
this year
to be offset
carryover
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Code: 169 Enterprise Zone employee credit . . . . . . . . . . . . . . . . . . . . . . . . . .
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
0 Code: 188 Credit for prior year alternative minimum tax. . . . . . . . . . . . . . . . . . 0
Section B – Credits that may reduce tax below tentative minimum tax.
 If Part IV, 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). . . . . . . . . . . . . . 
B1 Credits that reduce net tax and have carryover provisions. See instructions.
2 Code: ____ ____ ____ Credit Name: _______________________________ 2
3 Code: ____ ____ ____ Credit Name: _______________________________ 3
4 Code: ____ ____ ____ Credit Name: _______________________________ 4
5 Code: ____ ____ ____ Credit Name: _______________________________ 5
B2 Credits that reduce net tax and have no carryover provisions.
6 Code: 187 Other state tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Section C – Credits that may reduce alternative minimum tax.
7 Enter your alternative minimum tax from Side 2, Part III, line 10. . . . . . . . . . . 7
8 Code: 180 Solar energy credit carryover from Section B1, column (d) . . . . . . 8
9 Code: 181 Commercial solar energy credit carryover from Section B1,
column (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
20 Adjusted AMT. Enter the balance from line 19, column (c) here
and on Form 541, line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Schedule P (541) 2011 Side 3
7993113

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 3