Form Amti - Alternative Minimum Tax - 2017

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*174411*
,
2017 AMTI
Alternative Minimum Tax
Calculation of Income
Name of Corporation/Designated Filer
FEIN
Minnesota Tax ID
You must round amounts
to nearest whole dollar.
1 Minnesota net income (from M4I, line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Federal adjustments (from federal Form 4626, sum of lines 2a to 2k and 2n to 2o) . . . . . . . . . . . . . . . . . . . 2
3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Enter amount from your federal adjusted current earnings (ACE) worksheet, line 2c . . . . . . . . . . . . . . . . . 4
5 Enter the sum of lines 3b through 3e of your federal ACE worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Enter the sum of lines 4b through 4e of your federal ACE worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Enter the sum of lines 5f, 6, 7 and 9 of your federal ACE worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Add lines 4, 5, 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Multiply line 8 by 0.75. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Excess of prior ACE increases over reductions (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 ACE adjustment
If line 8 is zero or more, enter amount from line 9 as a positive number.
If line 8 is less than zero, enter amount from line 9 or 10 (whichever is less) as
a negative number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Add lines 3 and 11 .
If zero or less, or if $310,000 or more, skip lines 13a and 13b and enter zero on line 13.
If between zero and $310,000, continue on line 13a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 a Subtract $150,000 from line 12. If zero or less, enter zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a
b Multiply line 13a by 0.25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13b
Exemption (subtract line 13b from $40,000) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 If line 12 is zero or less, enter amount from line 12.
If line 12 is more than zero, subtract line 13 from line 12; if result is zero or less, enter zero . . . . . . . . . . 14
15 Total nonapportionable income (from M4I, line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Alternative minimum taxable income
(subtract line 15 from line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Enter amount on AMTT, line 1.
9995

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