FINAL DRAFT 10/2/23

2023 AMTT, Alternative Minimum Tax
Calculation of Tax                                                                                                   B1                      B2                     B3
                                                                                                                     Single/designated filer
                                                          Corporation Name                                                                         

Unitary businesses: Complete a                            FEIN                                                                                     
column for each member with 
nexus in Minnesota.                                       Minnesota Tax ID                                                                         

                                                                                                                     You must round amounts to nearest whole dollar.
AMT computation
 1  Alternative minimum taxable income (from AMTI, line 9)  . . . .  . . . .  1                                                                   
 
  2  Apportionment factor (from M4A, line 9)   . . . .  . . . . . . .  . . . . .  . . . . . 2                                                    
 
  3  Multiply line 1 by line 2  . . . .  . . . . . .  . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . 3                                  
    
  4  Minnesota nonapportionable income (from M4T, line 4a) . . .  . . . . .  4                                                                   
  5  Add lines 3 and 4. If result is zero or less, skip lines 6a, 6b,  
     and 6, and leave line 7 blank  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  5                                      
 6 a    Alternative minimum tax (AMT) net-operating-loss 
      deduction (see instructions below)  . . .  . . . . . .  . . . . .  . . . . . . .  . . 6a                                                   
    b  Deduction for dividends received (from M4T, line 8;
      do not exceed 90 percent of line 5)  . . .  . . . . . .  . . . . .  . . . . . . .  .  . 6b                                                 
     Total (add lines 6a and 6b; do not exceed 
     90 percent of line 5)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  6                              
 7  Minnesota alternative minimum taxable income 
     (subtract line 6 from line 5)    . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  7                                    
 
  8  Tentative minimum tax (multiply line 7 by 0.058)  . . .  . . . . . .  . . . . .  .  8                                                       
 
  9  Regular tax (from M4T, line 10)    . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  9                                        
 
 10  AMT (subtract line 9 from line 8; if result is zero or less, leave blank)  . . 10                                                           
     Enter amounts on M4T, line 11.

AMT credit
 11  AMT credit carryover from 2022 (from 2022 AMTT, line 15)  .  . . . . 11                                                                     
    
 12  Subtract line 8 from line 9 (if result is zero or less, leave blank) . . . 12                                                               
 13  AMT credit (enter the amount from line 11 or 12,
     whichever is less) .. ..... ....... ..... ...... ...... ..... .... 13                                                                       
    Enter amounts on M4T, line 13.

AMT carryover calculation
 14  Add lines 10 and 11  .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . 14                                  

 15  AMT credit carried to 2024 (subtract line 13 from line 14) . . .  . . . . 15                                                                

Instructions for line 6a
A net operating loss must include all adjustments and preference items listed on Schedule AMTI (including the adjusted 
current earnings statement) in order to be used as an alternative tax net operating loss. Net operating losses may be carried 
forward only. The carry forward period is 15 years. Attach a schedule showing the computation of your alternative tax  
net-operating-loss deduction. The amount on line 6a must not exceed 90 percent of line 5.

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