Alaska Oil and Gas Corporation Net Income Tax Return
                                                                   Under 15 AAC 20.421 (c)
                        For calendar year 2020 or the taxable year beginning __________, 2020, ending __________, 20____
Form 
     6150                                                                                                                                2020
EIN                                                             NAICS Code      Contact Person

Name                                                                            Title

Mailing Address                                     Check if new address        Contact Email Address

City                             State                          Zip Code        Contact Telephone Number             Contact Fax Number

Return Information (check applicable boxes)
    Final Alaska return                                           Federal extension is in effect                 Exempt organization with UBTI
    Consolidated Alaska return                                    Carryback is waived for net operating loss     S Corporation (attach Form 1120S)
    Amended return                                                Public Law 86-272 applies                      Personal Holding Company
If amended return box above is checked, then check the following boxes, if applicable: 
    Amended return to report IRS audit or Form 1120X                                 This is a protective claim

                                                          SCHEDULE A – NET INCOME TAX SUMMARY
1.Alaska income (loss) from Schedule F, line 4 .                . .  .  . . . . . .         .    . . . .     . . . . 1
2.Alaska net operating loss utilized: carryover (_______________) carryback (________________).  Total .           . 2 (                                   )
3.Alaska taxable income. Add lines 1–2 .                  .   . . .  .  . . . . . .         .    . . . .     . . . . 3
4.Alaska income tax from Schedule D, line 2                   . . .  .  . . . . . .         .    . . . .     . . . . 4
5.Other taxes from Schedule E, line 7                   . .   . . .  .  . . . . . .         .    . . . .     . . . . 5
6.Total tax.  Add lines 4–5 .  . .                      . .   . . .  .  . . . . . .         .    . . . .     . . . . 6
7.Alaska incentive credits applied against tax from Form 6300, line 49        . . .         .    . . . .     . . . . 7
8.Federal-based credits from Form 6390, line 33                 . .  .  . . . . . .         .    . . . .     . . . . 8
9.Net Alaska income tax.  Subtract the sum of lines 7–8 from line 6.  If more than $500, attach Form 6220 .        . 9
10.Payments from page 3, Schedule C                     . .   . . .  .  . . . . . .         .    . . . .     . . . . 10
11. Alaska credit for prior year minimum tax (see instructions)         . . . . . .         .    . . . .     . . . . 11
12.Alaska incentive credits claimed as refund from Form 6300, line 38         . . .         .    . . . .     . . . . 12
13.Tax due (overpaid). Subtract the sum of lines 10–12 from line 9          . . . .         .    . . . .     . . . . 13
14.Penalty for underpayment of estimated tax (see instructions)           . . . . .         .    . . . .     . . . . 14
15.Total amount due (overpaid). Add lines 13–14.  If greater than zero, STOP      .         .    . . . .     . . . . 15
16.Overpayment credited to 2021 estimated tax (enter as positive number)        . .         .    . . . .     . . . . 16
17.Refund.  Add lines 15–16 .  . .                      . .   . . .  .  . . . . . .         .    . . . .     . . . . 17

I declare, under penalty of perjury, that I have examined this return, including accompanying schedules and          Check if the DOR may discuss this return 
statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of            with the preparer (see instructions)  
preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Officer’s Signature                                             Date            Title

Preparer’s Signature                                            Date            Preparer Firm’s Name                   Preparer’s SSN or PTIN

Preparer Firm’s Address                                                         EIN                                    Phone

City                                                    State   Zip Code

                                                                                                                       0405-6150  Rev 01/01/21 - page 1

Form                                                                                                                                            2020
     6150
EIN                                    Name                                                                                                             Page 2
 
                                         SCHEDULE B – ALASKA TAXPAYER INFORMATION

1. ALASKA CONSOLIDATED RETURNS ONLY:  LIST ALL CORPORATIONS, OTHER THAN THE TAXPAYER SHOWN ON PAGE 1, WITH 
NEXUS IN ALASKA INCLUDED IN THIS RETURN.  FAILURE TO PROPERLY COMPLETE MAY RESULT IN PENALTIES.
                                         A                                                     B                          C                 D     E
        Name of each corporation with nexus in Alaska                                          P.L. 86-272 Other                            EIN NAICS Code
                                                                                               applies     Business

Name
Address
City                                               State            Zip Code
Factor numerators to be reported:           property                     sales                      extraction                  payroll
Name
Address
City                                               State            Zip Code
Factor numerators to be reported:           property                     sales                      extraction                  payroll     
Name
Address
City                                               State            Zip Code
Factor numerators to be reported:           property                     sales                      extraction                  payroll
Name
Address
City                                               State            Zip Code
Factor numerators to be reported:           property                     sales                      extraction                 payroll 

2.  If any taxpayer included in this return is included in a federal consolidated return (Form 1120), provide the name, address, and EIN of the common 
parent of the federal consolidated group.
EIN                                    Name

Address                                                                     City                                            State               Zip Code

3.  If this is the first return, indicate if:        Successor to previously existing business (Enter name, address, and EIN of previous business)

EIN                                    Name

Address                                                                     City                                            State               Zip Code

4.  Name and EIN on the prior year’s return if different from page 1.  State the reason for the change (e.g. merger, name change, etc.)
EIN                                    Name

Reason

                                                                                                                            0405-6150  Rev 01/01/21 - page 2

Form                                                                                                                           2020
    6150
EIN                                   Name                                                                                           Page 3

                                                SCHEDULE C – TAX PAYMENT RECORD

Estimated Payments           Date             Amount                      Summary                         Date                 Amount
First                                                               Payment with extension
Second                                                              Total estimated tax payments
Third                                                               Overpayment from prior year
Fourth                                                              Less: Quick Refund from Form 6230                          (                                    )
Total estimated tax payments                                        Amended return only:
                                                                          Tax paid with original return and additional tax paid
                                                                          Less: Overpayment previously credited to 2021        (                                    )
                                                                          Less: Refund from original return and additional 
                                                                      refunds                                                  (                                    )
                                                                    Total net payments to Schedule A, line 10

                                             SCHEDULE D – ALASKA TAX COMPUTATION

Tax Rate Table is contained in instructions
1.  Alaska taxable income from Schedule A, line 3  .    . .     . . . . . .   .    .    . .     . .   .   .    . . .       1
2.  Tax.  Use Tax Rate Table to compute tax.  Enter here and on Schedule A, line 4 .    . .     . .   .   .    . . .       2

                                                       SCHEDULE E – OTHER TAXES

                                                                                     A                         B               C
                                                                              Petroleum               Other Business           Total
1. Base Erosion and Anti-Abuse Tax (BEAT) from federal Form 8991      1
2. Apportionment factors     .   .  . .    .  .  .    . . .     . . . 2
3. Multiply line 1 by line 2 .   .  . .    .  .  .    . . .     . . . 3
 4. Personal Holding Company tax (see instructions)   . . .     . . . . . .   .    . .    . .     . .   .    . . .         4
 5. Tax on early cessation of operations – LNG storage facility . . . . . .   .    . .    . .     . .   .    . . .         5
6. Other taxes (see instructions)   . .    .  .  .    . . .     . . . . . .   .    . .    . .     . .   .    . . .         6
7. Add lines 4–6. Enter here and on Schedule. A, line 5 . .     . . . . . .   .    . .    . .     . .   .    . . .         7

                                                                                                                 0405-6150  Rev 01/01/21 - page 3

Form                                                                                                                                                      2020
             6150
EIN                                           Name                                                                                                             Page 4

                       SCHEDULE F – PETROLEUM AND OTHER UNITARY BUSINESS TAXABLE INCOME

                                                                                                               A                              B           C
                                                                                                      Petroleum                      Other Business       Total
             1. Apportioned income (loss) from Schedules G and H .                . .     1

                Alaska (attach schedule)
             2. Non-business income (loss) net. .of expenses. . . allocable. . .to. .     2

             3a. Alaska capital and Section 1231 gain (loss) from Schedule J, line 28            .    . .      .  .    .     .     . .      . .    3a
             3b. Alaska charitable contribution deduction from Schedule K , line 10d, column C                 .  .    .     .     . .      . .    3b   (                                 )
             3c. Alaska dividends-received deduction (see instructions)           . .   .      . .    . .      .  .    .     .     . .      . .    3c   (                                 )
Alaska Items 3d. Total.  Add lines 3a–3c . .   .    .   .   .     . .     .       . .   .      . .    . .      .  .    .     .     . .      . .    .    3d

                on Schedule A, line 1
             4. Alaska taxable income (loss). .before. .net.operating. . .loss. . Add. .lines. 1–2,. .column. .C,.and. line. 3d. . Enter. . here. .and. 4

                                                                                                                                                   0405-6150  Rev 01/01/21 - page 4

Form                                                                                                                       2020
                   6150
EIN                                               Name                                                                     Page 5

                                        SCHEDULE G – COMPUTATION OF ALASKA INCOME – Petroleum

                   1. Federal taxable income (loss) (see instructions) .  . .      . . .  .    .    . . .  . . . . . . . 1

                   2a. Add:  Federal taxable income (loss) of corporations not included in line 1 . . . .  . . . . . . 2a
                   2b. Add:  Foreign corporations .  .     . . .    .  .  . .      . . .  .    .    . . .  . . . . . . 2b
                   2c. Federal taxable (income) loss of non-unitary corporations   . . .  .    .    . . .  . . . . . . 2c
                   2d. Intercompany eliminations (see instructions) .  .  . .      . . .  .    .    . . .  . . . . . . 2d
Combined Reporting 2e. Total adjustments for combined reporting.  Add lines 2a–2d .  . .  .    .    . . .  . . . . . . . 2e

                   3a. Taxes based on or measured by net income     .  .  . .      . . .  .    .    . . .  . . . . . . 3a
                   3b. Federal charitable contributions from federal Form 1120, line 19 . .    .    . . .  . . . . . . 3b
                   3c. Net Section 1231 losses from federal Form 4797, line 11     . . .  .    .    . . .  . . . . . . 3c
                   3d. Intangible drilling and development costs expensed for federal purposes .    . . .  . . . . . . 3d
                   3e. Percentage depletion deducted for federal purposes . .      . . .  .    .    . . .  . . . . . . 3e
                   3f. Federal depreciation                                                                            3f
Additions                               .     .   .  .     . . .    .  .  . .      . . .  .    .    . . .  . . . . . .
                   3g. Expenses incurred to produce non-business income   . .      . . .  .    .    . . .  . . . . . . 3g
                   3h. Oil and gas service industry expenditures (see instructions). . .  .    .    . . .  . . . . . . 3h
                   3i. Other (attach schedule) .  .  .     . . .    .  .  . .      . . .  .    .    . . .  . . . . . . 3i
                   3j. Total additions.  Add lines 3a–3i   . . .    .  .  . .      . . .  .    .    . . .  . . . . . . . 3j

                   4. Total.  Add lines 1, 2e and 3j .     . . .    .  .  . .      . . .  .    .    . . .  . . . . . . . 4

                   5a. Intangible drilling costs allowable . . .    .  .  . .      . . .  .    .    . . .  . . . . . . 5a
                   5b. Cost depletion . .     .   .  .     . . .    .  .  . .      . . .  .    .    . . .  . . . . . . 5b
                   5c. Depreciation allowable .   .  .     . . .    .  .  . .      . . .  .    .    . . .  . . . . . . 5c
                   5d. Interest from obligations of the U.S. government . . .      . . .  .    .    . . .  . . . . . . 5d
                   5e. Intercompany dividends .   .  .     . . .    .  .  . .      . . .  .    .    . . .  . . . . . . 5e
                   5f. Section 78 gross-up dividends .     . . .    .  .  . .      . . .  .    .    . . .  . . . . . . 5f
Subtractions       5g. Federal Form 1120, line 8 capital gain income   .  . .      . . .  .    .    . . .  . . . . . . 5g
                   5h. Non-recaptured Section 1231 losses from prior years from federal Form 4797, line 12 . . . . . . 5h
                   5i. Non-business income (attach schedule)   .    .  .  . .      . . .  .    .    . . .  . . . . . . 5i
                   5j. Other (attach schedule) .  .  .     . . .    .  .  . .      . . .  .    .    . . .  . . . . . . 5j
                   5k. Total subtractions.  Add lines 5a–5j. . .    .  .  . .      . . .  .    .    . . .  . . . . . . . 5k

                   6. Apportionable business income (loss).  Subtract line 5k from line 4 .    .    . . .  . . . . . . . 6
                   7. Apportionment factor from Schedule I–1, line 14  .  . .      . . .  .    .    . . .  . . . . . . . 7
                   8. Apportioned income (loss) from Petroleum Business   . .      . . .  .    .    . . .  . . . . . . . 8
                   Multiply line 6 by line 7.  Enter here and on Schedule F, line 1, column A

                                                                                                                       0405-6150  Rev 01/01/21 - page 5

Form                                                                                                                                      2020
                                    6150
EIN                                                                     Name                                                              Page 6

                                                         SCHEDULE H – COMPUTATION OF ALASKA INCOME – Other Business

                                    1. Federal taxable income (loss) (see instructions)        .     . .  .  . . . . .   . . . . . .  . 1

                                    2a. Federal taxable income (loss) of corporations not included in line 1   . . . .   . . . . . 2a
                                    2b. Foreign corporations with 20% or greater U.S. factors        .    .  . . . . .   . . . . . 2b
                                    2c. Income from tax haven corporations and any FSC profit .           .  . . . . .   . . . . . 2c
                                    2d. Federal taxable (income) loss of non-unitary corporations         .  . . . . .   . . . . . 2d
                                    2e. Federal taxable (income) loss of corporations with U.S. factors of less than 20% . . . . . 2e
                                    2f. Intercompany eliminations (see instructions)       .   .     . .  .  . . . . .   . . . . . 2f
                  Combined Reporting
                                    2g. Total adjustments         for combined reporting.  Add lines 2a–2f.  . . . . .   . . . . . .  . 2g

                                    3.  Net income before state modifications and adjustments.  Add lines 1 and 2g   .   . . . . . .  . 3

                                    4a. Taxes based on or measured by net income           .   .     . .  .  . . . . .   . . . . . 4a
                                    4b. Expenses incurred to produce non-business income             . .  .  . . . . .   . . . . . 4b
                                    4c. Federal charitable contributions from federal Form 1120, line 19       . . . .   . . . . . 4c
                                    4d. Net Section 1231 losses from federal Form 4797, line 11           .  . . . . .   . . . . . 4d
                                    4e. Oil and gas service industry expenditures (see instructions) .       . . . . .   . . . . . 4e
                  Additions
                                    4f. Reserved .     . .        .   . . .    . . .       .   .     . .  .  . . . . .   . . . . . 4f
                                    4g. Other (attach schedule)       . . .    . . .       .   .     . .  .  . . . . .   . . . . . 4g
                                    4h. Total additions.  Add lines 4a–4g      . . .       .   .     . .  .  . . . . .   . . . . . .  . 4h

                                    5. Total.  Add lines 3 and 4h.      . .    . . .       .   .     . .  .  . . . . .   . . . . .  . . 5

                                    6a. Interest from obligations of the United States     .   .     . .  .  . . . . .   . . . . . 6a
                                    6b. Intercompany dividends        . . .    . . .       .   .     . .  .  . . . . .   . . . . . 6b
                                    6c. Section 78 gross-up dividends     .    . . .       .   .     . .  .  . . . . .   . . . . . 6c
                                    6d. 80% of dividends received from foreign corporations . .           .  . . . . .   . . . . . 6d
                                    6e. 80% of royalties accrued or received from foreign corporations .       . . . .   . . . . . 6e
                                    6f. Non-business income (attach schedule)      .       .   .     . .  .  . . . . .   . . . . . 6f
                  Subtractions      6g. Federal Form 1120, line 8 capital gain income .        .     . .  .  . . . . .   . . . . . 6g
                                    6h. Non-recaptured Section 1231 losses from prior years from federal Form 4797, line 12  . . . 6h
                                    6i. Other (attach schedule)       . . .    . . .       .   .     . .  .  . . . . .   . . . . . 6i
                                    6j. Total subtractions.  Add lines 6a–6i .   . .       .   .     . .  .  . . . . .   . . . . . .  . 6j

                                    7. Apportionable income (loss).  Subtract line 6j from line 5.        .  . . . . .   . . . . . .  . 7
                                    8. Apportionment factor from Schedule I–2, line 14         .     . .  .  . . . . .   . . . . . .  . 8
                                    9. Apportioned income (loss) from Other Business           .     . .  .  . . . . .   . . . . . .  . 9
                                        Multiply line 7 by line 8.  Enter here and on Schedule F, line 1, column B

                                                                                                                                        0405-6150  Rev 01/01/21 - page 6

Form                                                                                                                                2020
                6150
                                              Name                                                                                  Page 7
EIN 

                                                     SCHEDULE I–1 – PETROLEUM BUSINESS
                Check all boxes that apply
                    Taxpayer produces oil or gas in Alaska                            Attorney General’s opinion dated 10/20/99
                    Taxpayer transports oil or gas in Alaska                          applies (factor relief for certain taxpayers)
                1. Property within Alaska
                                          A                             B                                                          C
                                      EIN                               Name                        Property within Alaska
                    1a
                    1b
                    1c
                    1d
        Property
                    1e

                2. Total of line 1, column C  . .  .       .  . . . . . .           . . . . . . . 2
                3. Property everywhere    .   . .  .       .  . . . . . .           . . . . . . . 3
                4. Property factor. Divide line 2 by line 3.  . . . . . .           . . . . . . . 4
                    Oil and Gas Transportation Companies only, skip lines 5–8. Go to line 9.
                5. Extraction within Alaska
                                          A                             B                                                          C
                                      EIN                               Name                        Extraction within Alaska
                    5a
                    5b
                    5c
                    5d
Extraction          5e

                6. Total of line 5, column C  . . .  .        . . . . . .           . . . . . . . 6
                7. Extraction everywhere  .   . . .  .        . . . . . .           . . . . . . . 7
                8. Extraction factor. Divide line 6 by line 7 . . . . . .           . . . . . . . 8
                    Oil and Gas Producing Companies only, skip lines 9–12. Go to line 13.
                9. Sales within Alaska
                                          A                             B                                                          C
                                      EIN                               Name                        Sales within Alaska
                    9a
                    9b
                    9c
Sales               9d
                    9e

                10. Total of line 9, column C . .  .        . . . . . . .           . . . . . . . 10
                11. Sales everywhere  .    .  . .  .        . . . . . . .           . . . . . . . 11
                12. Sales factor. Divide line 10 by line 11 . . . . . . .           . . . . . . . 12

                13. Total property, extraction and sales.  Add lines 4, 8, and 12 . . . . . . . . 13
                14. Apportionment factor. Divide line 13 by 3, or 2, as applicable  . . . . . . . 14

                                                                                                    0405-6150  Rev 01/01/21 - page 7

Form                                                                                                                 2020
                6150
                                                Name                                                                 Page 8
EIN 

                                                            SCHEDULE I–2 – OTHER BUSINESS

                1. Property within Alaska
                                        A                                    B                 C
                                        EIN                                Name                Property within Alaska
                    1a
                    1b
                    1c
                    1d
        Property
                    1e

                2. Total of line 1, column C .  . .  .      . . .      . . . . . . . . . . . 2
                3. Property everywhere  .  .    . .  .      . . .      . . . . . . . . . . . 3
                4. Property factor. Divide line 2 by line 3 . . .      . . . . . . . . . . . 4

                5. Payroll within Alaska
                                         A                                   B                 C
                                        EIN                                Name                Payroll within Alaska
                    5a
                    5b
                    5c
        Payroll     5d
                    5e

                6. Total of line 5, column C .  . .  .      . . .      . . . . . . . . . . . 6
                7. Payroll everywhere   .  .    . .  .      . . .      . . . . . . . . . . . 7
                8. Payroll factor. Divide line 6 by line 7  . . .      . . . . . . . . . . . 8

                9. Sales within Alaska
                                         A                                   B                 C
                                        EIN                                Name                Sales within Alaska
                    9a
                    9b
                    9c
        Sales       9d
                    9e

                10. Total of line 9, column C . . .  .      . . .      . . . . . . . . . . . 10
                11. Sales everywhere    .  .    . .  .      . . .      . . . . . . . . . . . 11
                12. Sales factor. Divide line 10 by line 11 . . .      . . . . . . . . . . . 12

                13. Add lines 4, 8, and 12 .    . .  .      . . .      . . . . . . . . . . . 13
                14. Apportionment factor. Divide line 13 by 3 . .      . . . . . . . . . . . 14
                    (if less than 3 factors are used, see instructions)

                                                                                               0405-6150  Rev 01/01/21 - page 8

Form                                                                                                                        2020
    6150
                                     Name                                                                                         Page 9
EIN 

                       SCHEDULE J – ALASKA CAPITAL AND SECTION 1231 GAINS AND LOSSES

                                                                                            A                    B          C 
                                                                                 Gains (Losses)              Alaska Factor  Alaska Gain or 
Section 1231 Gains and Losses                                                                                               (Loss)
1. Current Section 1231 gains and (losses) petroleum business   . . .        1
2. Current Section 1231 gains and (losses) other business   . .   . .        2
3. Add lines 1C and 2C.  Consolidated Section 1231 gain (loss) .  . .        . . .        . . . .        . . . . . .       3
4. Alaska non-recaptured Section 1231 losses from prior years.  Enter as a positive number .    .        . . . . . .       4
5. If line 3C is a gain, subtract line 4 from line 3C, but not less than zero.  Enter here and on line 23. . . . . .       5
6. If line 3C is a gain, enter the lesser of line 3C or line 4 here and on line 27, otherwise enter zero . . . . . .       6
Short-Term Capital Gains and Losses – STCG/(L)
7. Total current. . .STCG/(L). . petroleum business. . .  . . .   . .        7
8. Non-business STCG/(L) petroleum business          . .  . . .   . .        8
9. Apportionable STCG/(L). Subtract line 8 from line 7.   . . .   . .        9
10. Total current STCG/(L) other business    .     . . .  . . .   . .        10
11. Non-business STCG/(L) other business .         . . .  . . .   . .        11
12. Apportionable STCG/(L). Subtract line 11 from line 10 . . .   . .        12
13. Non-business STCG/(L) allocable to Alaska      . . .  . . .   . .        . . .        . . . .        . . . . . . 13
14. Alaska capital loss carryover utilized (_______________) carryback utilized (_______________).  Total .    . . . 14     (                               )
15. Net STCG/(L), add lines 9C, 12C, 13, and 14      . .  . . .   . .        . . .        . . . .        . . . . . . 15
Long-term Capital Gains and Losses – LTCG/(L)
16. Total current LTCG/(L) petroleum business      . . .  . . .   . .        16
17. Non-business LTCG/(L) petroleum business.        . .  . . .   . .        17
18. Apportionable LTCG/(L). Subtract line 17 from line 16 . . .   . .        18
19. Total current LTCG/(L) other business    .     . . .  . . .   . .        19
20. Non-business LTCG/(L) other business     .     . . .  . . .   . .        20
21. Apportionable LTCG/(L). Subtract line 20 from line 19 . . .   . .        21
22. Non-business LTCG/(L) allocable to Alaska .      . .  . . .   . .        . . .        . . . .        . . . . . . 22
23. Enter amount from line 5     . . .     . .     . . .  . . .   . .        . . .        . . . .        . . . . . . 23
24. Net LTCG/(L).  Add lines 18C, 21C, 22, and 23 .    .  . . .   . .        . . .        . . . .        . . . . . . 24
Summary
25. Excess net short-term capital gain, line 15, over net long-term capital loss, line 24 . . . .        . . . . . . 25
26. Excess net long-term capital gain, line 24, over net short-term capital loss, line 15 . . . .        . . . . . . 26
27. If line 3C is a loss, enter here, otherwise enter the amount from line 6 . . .        . . . .        . . . . . . 27
28. Add lines 25–27.  Enter here and on Schedule F, line 3a . .   . .        . . .        . . . .        . . . . . . 28

                                                                                                                   0405-6150  Rev 01/01/21 - page 9

                   Page 10                                                                            E
                                                                                                        Total

          2020

                                                                                                      D
                                                                                                        25% Limit

                                                                                       Other Business C                                                                                                                                                                                                                                                                                                      C
                                                                                                                                                                                                                                                                                                                                                                                                              Total
                                                                                                        10% Limit

                                                                                                      B                                                                                                                                                                                                                                                                                                      B
                                                                                                        25% Limit                                                                                                                                                                                                                                                                                             25% Limit

                                                                                       Petroleum
                                                                                                      A                                                                                                                                                                                                                                                                                                      A
                                                                                                        10% Limit                                                                                                                                                                                                                                                                                             10% Limit

                                                                                                                  1                                2                                                 3                           4                     5                                                                   6                                                                 7a                                                               7b                                                                                                                                               8                                                                   9                                                    10a                                                           10b                                                 10c                                                                                                                    10d
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                                 SCHEDULE K – ALASKA CHARITABLE CONTRIBUTION DEDUCTION                            .                                                                                  .                           .                                                                                                                                                          .
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                                                                                                                  Current charitable contributions Education credit contributions.  See instructions Subtract line 2 from line 1 Apportionment factors Current Alaska charitable contributions.  Multiply line 3 by line 4 Alaska charitable contribution carryover from Form 6385, line 18  Add lines 5 - 6                                                  Add line 7a, columns A and C, enter on column A                                                  Add line 7a, columns B and D, enter on column B Taxable Income for deduction limitation purposes (see instructions) Multiply line 8, column A by 10% and column B by 25% Lesser of line 7b, column A  or line 9 column A. Send to 10d  Subtract line 10a, column A  from line 9, column B  Lesser of line 7b, column B  or line 10b. Send to 10d                                                                  Alaska Charitable Contribution Deduction is the sum of line 10d,                                                            columns A and B.  Enter on column C and Schedule F, line 3b
              6150                                                                                                1.                               2.                                                3.                          4.                    5.                                                                  6.                                                                                                                                                                                                                                                                                  8.                                                                  9.
                                                                                                                                                                                                                                                                                                                                                                                             7a.                                                              7b.
     Form                  EIN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          10a.                                                          10b.                                                10c.                                                                                                                   10d.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   0405-6150  Rev 01/01/21 - page 10

Form                                                                                                                                  2020
                        6150

                                           SCHEDULE L – ALASKA DIVIDENDS-RECEIVED DEDUCTION (DRD)

                                                                                                      A                   B           C
                                                                                                    Petroleum         Other Business  Total
                        1. Dividend income included in combined income        . .  . .     . 1

                        2a.  Intercompany dividends deducted on Schedule G or H  .   .     . 2a
                        2b. Section 78 gross-up dividends deducted on Schedule G or H .      2b
                        2c. Dividends deducted as non-business income    .   .     . .     . 2c
            Not Eligible
                        2d. Total dividends not eligible for DRD.  Add lines 2a–2c . .     . 2d

                        3. Total dividends eligible for DRD.  Subtract line 2d from line 1 . 3
                        4. Apportionment factors .  .  . . .       .   . .   .     . .     . 4
                        5. Apportioned dividends.  Multiply line 3 by line 4 .     . .     . 5
                        6. Dividends allocable to Alaska included on Schedule F, line 2    . 6
                        7. Total dividends included in taxable income.  Add lines 5–6 of column C . . . .       . . . . . . .  .     7

                                                                                                      A                   B           C
                                                                                                    Apportioned         Percentage    DRD (A times B)
                                                                                                    Dividends
                        8a. Dividends qualifying for 100% deduction .  . .   .     . .     . 8a                           100%
                        8b. Dividends qualifying for 65% deduction .   . .   .     . .     . 8b                           65%
                        8c. Dividends qualifying for 50% deduction .   . .   .     . .     . 8c                           50%
            DRD          8d. Dividends qualifying for 26.7% deduction  . .   .     . .     . 8d                           26.7%
                         8e. Dividends qualifying for 23.3% deduction  . .   .     . .     . 8e                           23.3%
                        8f. Other, if applicable (enter % in column B) . .   .     . .     . 8f

                        9. Tentative dividends-received deduction. Add lines 8a–8f, column C (see instructions) . . . . . . .  .     9

                                                                                                                            0405-6150  Rev 01/01/21 - page 11