Worksheet For 1041me - Schedule A - Maine Minimum Tax Credit And Carryforward To 2013 - 2012

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2012 MAINE MINIMUM TAX CREDIT AND CARRYFORWARD TO 2013

Worksheet for 1041ME, Schedule A, Line 9

Enclose a copy of 2012 federal Form 8801

*1109102*

Name of Estate/Trust (as shown on Form 1041ME)

Estate/Trust EIN

New for 2012. For tax years beginning on or after January 1, 2012, the Maine minimum tax is repealed for non-corporate taxpayers.

However, any unused Maine minimum tax credit from tax years beginning prior to 2012 may be claimed until exhausted.

Enter the amount from the 2011 Form 1041ME, Schedule A, line 2c ........................................................................................ 1 ________________

Minimum tax credit carryforward from 2011 (2011 Maine Minimum Tax Worksheet, line 21) .................................................... 2 ________________

Enter 2011 net state minimum tax on federal exclusion items – From the Maine Minimum Tax - Exclusion

Items Worksheet below ............................................................................................................................................................ 3 ________________

2011 adjusted net state minimum tax (Line 1 plus line 2 minus line 3 – if zero or less, enter zero) ........................................... 4 ________________

Enter 2012 Maine income tax liability (2012 Form 1041ME, line 6 excluding minimum tax and minimum tax credit) ............... 5 ________________

Maine minimum tax credit: Enter the lesser of line 4 or line 5 here and on Form 1041ME, Schedule A, line 9 ...................... 6 ________________

Maine minimum tax credit carryforward to 2013 (Subtract line 6 from line 4) ....................................................................... 7 ________________

NOTE: If you have a Maine minimum tax credit carryforward to 2013, keep a copy of the worksheet to submit with your

2013 Maine estate or trust income tax return.

Maine Minimum Tax — Exclusion Items Worksheet for Line 3 above

Complete the following worksheet to compute the Maine minimum tax on exclusion items, line 3 above:

Enter amount from 2012 federal Form 8801, line 4 ................................................................................................................. a. ________________

Modiﬁ cations - Enter line 3 from the Maine Minimum Tax Income Modiﬁ cation Worksheet below.

Add income treated as exclusion items subject to Maine income tax that is not subject to federal income tax.

Subtract income treated as exclusion items that Maine or federal law prohibits from state taxation.

Include only amounts not already added or subtracted in calculating federal alternative minimum taxable income.

(May be a positive or negative number) ...................................................................................................................................b. ________________

Combine line a and line b. If zero or less, enter zero ............................................................................................................. c. ________________

Exemption. Enter amount from 2012 federal Form 8801, line 9 ............................................................................................d. ________________

Line c minus line d ................................................................................................................................................................... e. ________________

__ __ __ . __ __%

Apportionment factor. Maine resident estates & trusts enter 100%. Nonresident estates & trusts, see instructions* .....f.

Multiply line e by line f .............................................................................................................................................................g. ________________

Effective tax rate. Divide line 8 of the 2011 Maine Minimum Tax Worksheet by line 7 of the 2011 Maine Minimum tax

__ . __ __

worksheet ................................................................................................................................................................................h.

2011 Maine minimum tax on exclusion items (Multiply line g by line h) ................................................................................... i. ________________

2011 Maine income tax (2011 Form 1041ME, line 4) ............................................................................................................... j. ________________

Alternative Maine minimum tax on exclusion items (Line i minus line j). If zero or less, enter zero. ....................................... k. ________________

Credit against the Maine minimum tax on exclusion items for minimum tax paid to other taxing jurisdictions

on exclusion items (For Maine resident estates/trusts only). Enter line E from the Maine Minimum Tax - Worksheet for

line l below ................................................................................................................................................................................ l. ________________

2011 Maine minimum tax on exclusion items (Line k minus line l. If zero or less, enter zero. Enter the result here

and on line 3 of the Maine Minimum Tax Credit and Carryforward Worksheet above) ..........................................................m. ________________

*Apportionment factor for Nonresident estates/trusts (line f above) – The factor is the amount of the taxpayer’s Maine-source income associated with the

adjusted minimum taxable income on exclusion items (line c above) divided by the total adjusted minimum taxable income on exclusion items (line c above).