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4 NEAR FINAL DRAFT 8/1/24 4
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6 *241851*6
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2024 Schedule M1MT, Alternative Minimum Tax
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9 YOUR LAST NAMEXXXXXX 999999999 9
10 NameFirst Your YOURand Initial FIRST NAME, INIT Last Name Social Security Number 10
11 Before you complete this schedule, read the instructions on the next page. Round amounts to the nearest whole dollar. 11
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13 1 Federal adjusted gross income (from line 1 of Form M1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 12345678 13
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15 2 Other adjustments and preferences from federal Form 6251 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 12345678 15
16 3 This line 16
17 intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 12345678 17
18 4 Other additions from Schedule M1MB (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 12345678 18
19 19
20 5 State and municipal bond interest from outside Minnesota (determine from worksheet in instructions) . . . . . . . . . 5 12345678 20
21 6 Intangible drilling costs (determine from instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 12345678 21
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23 7 Depletion (determine from instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 12345678 23
24 8 Add lines 1 through 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 12345678 24
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26 9 Medical and dental expense deduction (from line 4 of Schedule M1SA) . . . . . . . . . . . . 9 12345678 26
27 10 Investment interest expense (from line 13 of Schedule M1SA) . . . . . . . . . . . . . . . . . . 10 12345678 27
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29 11 Charitable contributions (from line 18 of Schedule M1SA) . . . . . . . . . . . . . . . . . . . . . . 11 12345678 29
30 12 Casualty and theft losses (from line 19 of Schedule M1SA) . . . . . . . . . . . . . . . . . . . . . 12 12345678 30
31 13 Impairment-related work expenses of a person with a disability 31
32 (included on line 24 of Schedule M1SA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 12345678 32
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34 14 Unreimbursed employee business expenses (from line 23 of Schedule M1SA) . . . . . 14 12345678 34
35 15 State income tax refund (from line 1 of federal Schedule 1) . . . . . . . . . . . . . . . . . . . . . 15 12345678 35
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37 16 Federal bonus depreciation subtraction (from line 10 of Schedule M1MB) . . . . . . . . 16 12345678 37
38 17 Net interest or mutual fund dividends from U.S. bonds 38
(from line 14 of Schedule M1M) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 12345678
39 18 Other subtractions from Schedules M1M and M1MB 39
40 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 12345678 40
41 19 Add lines 9 through 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 12345678 41
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43 20 Subtract line 19 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 12345678 43
44 21 If Married Filing Jointly or Qualifying Surviving Spouse: enter $92,710 44
45 If Married Filing Separately: enter $46,360 45
46 If Single or Head of Household: enter $69,530 . . . . . . . . . . . . . . . . . . . . . . . . . . 21 12345678 46
47 22 If Married Filing Jointly or Qualifying Surviving Spouse: enter $150,000 47
48 If Married Filing Separately: enter $ 75,000 48
49 If Single or Head of Household: enter $112,500 . . . . . . . . . . . . . . . . . . . . . . . . . . 22 12345678 49
50 23 Subtract line 22 from line 20 (if zero or less, enter 0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 12345678 50
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52 24 Multiply line 23 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 12345678 52
53 25 Subtract line 24 from line 21 (if zero or less, enter 0)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 12345678 53
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55 26 Subtract line 25 from line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 12345678 55
56 27 Multiply line 26 by 6.75% (.0675) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 12345678 56
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58 28 Tax from the table (from line 10 of Form M1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 12345678 58
59 29 If line 27 is more than line 28, you must pay Minnesota alternative minimum tax. Subtract line 28 from line 27. 59
60 Enter the result here and on line 11 of Form M1. (If line 28 is more than line 27, see instructions) . . . . . . . . . . . . . 29 12345678 60
61 Include this schedule and a copy of federal Form 6251 when you file your Form M1. 61
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63 9995 63
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