Form Amtt - Alternative Minimum Tax - 2017
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12017 AMTT, Alternative Minimum Tax
B
B
B
Calculation of Tax
1
2
3
Single/designated filer
Corporation Name
FEIN
Unitary businesses: Complete a column for
each member with nexus in Minnesota.
Minnesota Tax ID
You must round amounts to nearest whole dollar.
AMT computation
1 Alternative minimum taxable income (from AMTI, line 16) . . . . . . . 1
2 Apportionment factor (from M4A, line 9) . . . . . . . . . . . . . . . . . . . . . 2
3 Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Minnesota nonapportionable income (from M4T, line 4) . . . . . . . . . 4
5 Add lines 3 and 4. If zero or less, skip lines 6a, 6b and 6, and
enter zero on line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 a Alternative minimum tax (AMT) net-operating-loss
deduction (see instructions below) . . . . . . . . . . . . . . . . . . . . . . . 6 a
b Deduction for dividends received (from M4T, line 8b;
do not exceed 90 percent of line 5) . . . . . . . . . . . . . . . . . . . . . . . 6 b
Total (add lines 6a and 6b; do not exceed
90 percent of line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Minnesota alternative minimum taxable income
(subtract line 6 from line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Tentative minimum tax (multiply line 7 by 0.058) . . . . . . . . . . . . . . . 8
9 Regular tax (from M4T, line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 AMT (subtract line 9 from line 8; if zero or less, enter zero) . . . . . 1 0
Enter amounts on M4T, line 11.
AMT credit
11 AMT credit carryover from 2016 (from 2016 AMTT, line 15) . . . . . 1 1
12 Subtract line 8 from line 9 (if zero or less, enter zero) . . . . . . . . . . . 12
13 AMT credit (enter the amount from line 11 or 12,
whichever is less) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 3
Enter amounts on M4T, line 13.
AMT carryover calculation
14 Add lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4
15 AMT credit carried to 2018 (subtract line 13 from line 14) . . . . . . . 1 5
Instructions for line 6a
A net operating loss must include all adjustments and preference items listed on Schedule AMTI (including the adjusted
current earnings statement) in order to be used as an alternative tax net operating loss. Net operating losses may be carried
forward only. The carry forward period is 15 years. Attach a schedule showing the computation of your alternative tax
net-operating-loss deduction. The amount on line 6a must not exceed 90 percent of line 5.
9995
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