Fillable Form Amti - Alternative Minimum Tax

Form Amti - Alternative Minimum Tax - 2017 Page 2

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FINAL 9/28/17

2017 Schedule AMTI Instructions

Unitary businesses: Complete

Line 2

Line 10

Do not include any adjustments on line 2

Excess of Prior ACE Increases Over

only one Schedule AMTI.

that have already been made on Form M4I

Reductions

Who Should File

to determine Minnesota net income.

See instructions for federal Form 4626,

The following are not subject to alterna-

line 4d, for an example of how to compute

tive minimum tax and are not required to

Lines 5 and 6

this amount. You must enter an amount on

complete Form AMTI:

Enter the amounts from the appropriate

line 10 even if line 8 is positive.

lines of your federal ACE worksheet. In

• regulated investment companies (RICs);

Minnesota pre-adjustment AMTI equals the

computing Minnesota ACE, no adjustment

amount on line 3 of Schedule AMTI. Min-

• real estate investment trusts (REITs);

is to be made for subtractions listed on

nesota ACE equals the sum of lines 3 and 8

Form M4I, lines 4a or 4d.

• real estate mortgage investment conduits

of Schedule AMTI.

(REMICs);

• cooperatives; and

• small corporations exempt from federal

AMT under IRC section 55(e).

If you do not fit the categories above

and your Minnesota net income (from

Form M4I, line 7), combined with your

adjustments and tax preferences (including

adjusted current earnings), exceeds $40,000

or your allowable exemption amount,

you must file Schedule AMTI. Federal

Form 4626 must be filled out before you

can complete Schedule AMTI.

Form Amti - Alternative Minimum Tax - 2017 Page 2

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