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FINAL DRAFT 10/2/23
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2023 AMTT, Alternative Minimum Tax
8 Calculation of Tax B1 B2 B3 8
9 Single/designated filer 9
10 Corporation Name NAMEXXXXXX NAMEXXXXXX NAMEXXXXXX 10
11 11
12 Unitary businesses: Complete a FEIN 123456789 1234567890 1234567890 12
13 column for each member with 13
14 nexus in Minnesota. Minnesota Tax ID 123456789 1234567890 1234567890 14
15 15
16 You must round amounts to nearest whole dollar. 16
17 AMT computation 17
18 1 Alternative minimum taxable income (from AMTI, line 9) . . . . . . . . 1 1234567890 1234567890 1234567890 18
19 19
20 2 Apportionment factor (from M4A, line 9) . . . . . . . . . . . . . . . . . . . . . 2 1234567890 1234567890 1234567890 20
21 21
22 3 Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 22
1234567890 1234567890 1234567890
23 23
24 4 Minnesota nonapportionable income (from M4T, line 4a) . . . . . . . . 4 1234567890 1234567890 1234567890 24
25 5 Add lines 3 and 4. If result is zero or less, skip lines 6a, 6b, 25
26 and 6, and leave line 7 blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 1234567890 1234567890 1234567890 26
27 6 a Alternative minimum tax (AMT) net-operating-loss 27
28 deduction (see instructions below) . . . . . . . . . . . . . . . . . . . . . . . 6a 1234567890 1234567890 1234567890 28
29 b Deduction for dividends received (from M4T, line 8; 29
30 do not exceed 90 percent of line 5) . . . . . . . . . . . . . . . . . . . . . . . 6b 1234567890 1234567890 1234567890 30
31 Total (add lines 6a and 6b; do not exceed 31
32 90 percent of line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1234567890 1234567890 1234567890 32
33 7 Minnesota alternative minimum taxable income 33
34 (subtract line 6 from line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 34
1234567890 1234567890 1234567890
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36 8 Tentative minimum tax (multiply line 7 by 0.058) . . . . . . . . . . . . . . . 8 1234567890 1234567890 36
1234567890
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38 9 Regular tax (from M4T, line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 1234567890 38
1234567890 1234567890
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40 10 AMT (subtract line 9 from line 8; if result is zero or less, leave blank) . . 10 1234567890 1234567890 1234567890 40
41 Enter amounts on M4T, line 11. 41
42 42
43 AMT credit 43
44 11 AMT credit carryover from 2022 (from 2022 AMTT, line 15) . . . . . 11 1234567890 1234567890 1234567890 44
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46 12 Subtract line 8 from line 9 (if result is zero or less, leave blank) . . . 12 1234567890 1234567890 1234567890 46
47 13 AMT credit (enter the amount from line 11 or 12, 47
48 whichever is less) .. ..... ....... ..... ...... ...... ..... .... 13 48
1234567890 1234567890 1234567890
49 Enter amounts on M4T, line 13. 49
50 50
51 AMT carryover calculation 51
52 14 Add lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 1234567890 52
1234567890 1234567890
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54 15 AMT credit carried to 2024 (subtract line 13 from line 14) . . . . . . . 15 1234567890 1234567890 1234567890 54
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Instructions for line 6a
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58 A net operating loss must include all adjustments and preference items listed on Schedule AMTI (including the adjusted 58
59 current earnings statement) in order to be used as an alternative tax net operating loss. Net operating losses may be carried 59
60 forward only. The carry forward period is 15 years. Attach a schedule showing the computation of your alternative tax 60
61 net-operating-loss deduction. The amount on line 6a must not exceed 90 percent of line 5. 61
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63 9995 63
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