California Credit for Prior Year Alternative Minimum Tax

Credit for Prior Year Alternative Minimum Tax
2023 Form 3510 Credit for Prior Year Alternative Minimum Tax — Individuals or FiduciariesTAXABLE YEAR

2023

Credit for Prior Year Alternative
Minimum Tax — Individuals or Fiduciaries

CALIFORNIA FORM

3510

Attach to your California tax return.
Name(s) as shown on tax return

SSN, ITIN, or FEIN

Part I Net Alternative Minimum Tax (AMT) on Exclusions
Section A – Form 540, Form 540NR (complete sections A & B), and Form 541 Filers
1 Combine the amounts from your 2022 Schedule P (540 or 540NR), Part I, line 15 through line 18, and enter
the result here. Schedule P (541) filers, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Enter any adjustments and tax preference items treated as exclusions. See instructions . . . . . . . . . . . . . . . . . . . . . . . . .
3 AMT credit net operating loss deduction. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Combine line 1 through line 3. If zero or less, enter -0- here and on line 13; see instructions. If you were married/RDP
filing separately for 2022 and this amount is more than $436,827, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Enter the amount from your 2022 Schedule P (540 or 540NR) Instructions for line 22 Exemption Worksheet, line 1.
Schedule P (541) filers: enter $56,364 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Enter the amount from your 2022 Schedule P (540 or 540NR) Instructions for line 22 Exemption Worksheet, line 3.
Schedule P (541) filers: enter $211,371 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Subtract line 6 from line 4. If zero or less, enter -0- here and on line 8, then go to line 9. Otherwise, go to line 8 . . . . . .
8 Multiply line 7 by 25% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Subtract line 8 from line 5. If zero or less, enter -0- here. If completing for a certain child under age 24, see instructions
10 Subtract line 9 from line 4. If zero or less, enter -0- here and on line 13. See instructions . . . . . . . . . . . . . . . . . . . . . . . .
11 Enter tentative minimum tax on exclusions. Multiply line 10 by 7.00%. 2022 540NR filers, go to Section B . . . . . . . . . . .
12 Regular tax before credits. Enter the amount from your 2022 Schedule P (540), Part II, line 25;
or Schedule P (541), Part III, line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13 Net AMT on exclusions. Subtract line 12 from line 11. If zero or less, enter -0-. Enter the result here and go to Part II . .
Section B – Form 540NR Filers
14 Enter the amount from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15 Enter the amount from your 2022 Schedule P (540NR), Part II, line 35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 Total AMT adjusted gross income on exclusions. Add line 14 and line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 Enter the amount from your 2022 Schedule P (540NR), Part II, line 28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Enter any adjustments and preferences treated as an exclusion. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 California AMT adjusted gross income on exclusions. Combine line 17 and line 18. Enter the result here.
If you did not itemize deductions, enter the result here and on line 23. Skip line 21 and line 22 and go to line 24 . . . . . .
21 AMT itemized deduction percentage on exclusions. Divide line 20 by line 16. Do not enter more than 1.0000 . . . . . . . . .
22 Prorated AMT itemized deductions on exclusions. Multiply line 15 by line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23 CA alternative minimum taxable income on exclusions. Subtract line 22 from line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 CA AMT rate on exclusions. Divide line 11 by line 4. Do not enter more than 1.0000 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25 CA tentative minimum tax on exclusions. Multiply line 23 by line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26 Regular tax. Enter the amount from 2022 Schedule P (540NR), Part II, line 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27 Net AMT on exclusions. Subtract line 26 from line 25. If less than zero, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part II Credit Computation
28 Enter the AMT from your 2022 Schedule P (540), Part II, line 26; Schedule P (540NR),
Part II, line 45; or Schedule P (541), Part III, line 10. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29 Net AMT on exclusions. Enter the amount from line 13. Form 540NR filers: enter the amount from Section B, line 27 . . . . .
30 Adjusted net AMT. Subtract line 29 from line 28. If less than zero, enter as a negative amount . . . . . . . . . . . . . . . . . . . . .
31 Enter any carryover of unused AMT credit from 2022. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32 Combine line 30 and line 31. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33 Enter your 2023 regular tax from: Form 540, line 31; Form 540NR, line 37;
or Form 541, line 21a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
00
34 Exemption and other allowable credits. See instructions . . . . . . . . . . . . . . . . . . . . . 34
00
35 Subtract line 34 from line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36 Enter your 2023 tentative minimum tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37 Subtract line 36 from line 35. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38 Prior year AMT credit. Enter the smaller of line 32 or line 37 here and in column (b) of your
2023 Schedule P (540), Part III, line 10; Schedule P (540NR), Part III, line 10; or Schedule P (541), Part IV, line 9 . . .
39 Subtract line 38 from line 32. This is the amount of your AMT credit carryover to 2024 . . . . . . . . . . . . . . . . . . . . . . . .

For Privacy Notice, get FTB 1131 EN-SP.

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FTB 3510 2023

Extracted from PDF file 2023-california-form-3510.pdf, last modified November 2023

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More about the California Form 3510 Individual Income Tax Tax Credit TY 2023

We last updated the Credit for Prior Year Alternative Minimum Tax in February 2024, so this is the latest version of Form 3510, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 3510 directly from TaxFormFinder. You can print other California tax forms here.

Other California Individual Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form 540	California Resident Income Tax Return Tax Return
Form 540 Booklet	Personal Income Tax Booklet - Forms & Instructions
Form 540 Schedule CA	California Adjustments - Residents
Form 540-ES	Estimated Tax for Individuals Estimated
Form 540-540A Instructions	California 540 Form Instruction Booklet

Download all CA tax forms View all 175 California Income Tax Forms

Form Sources:

California usually releases forms for the current tax year between January and April. We last updated California Form 3510 from the Franchise Tax Board in February 2024.

Show Sources >

Form 3510 is a California Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of California Form 3510

We have a total of thirteen past-year versions of Form 3510 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form 3510

2023 Form 3510 Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2022 Form 3510

2022 California Form 3510 Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2021 Form 3510

2021 Form 3510 Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2020 Form 3510

2020 Form 3510 Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2019 Form 3510

2019 Form 3510 Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2018 Form 3510

2018 Form 3510 - Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2017 Form 3510

2017 Form 3510 - Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2016 Form 3510

2016 Form 3510 Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2015 Form 3510

2015 Form 3510 -- Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2014 Form 3510

2014 Form 3510 -- Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2013 Form 3510

2013 Form 3510 -- Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

2012 Form 3510

2012 Form 3510

2011 Form 3510

2011 Form 3510 -- Credit for Prior Year Alternative Minimum Tax — Individuals or Fiduciaries

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