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California Free Printable 2023 California Schedule P(540NR) Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents for 2024 California Alternative Minimum Tax and Credit Limitations - Nonresidents

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Alternative Minimum Tax and Credit Limitations - Nonresidents
2023 California Schedule P(540NR) Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

TAXABLE YEAR 2023 Alternative Minimum Tax and Credit Limitations — Nonresidents or Part-Year Residents CALIFORNIA SCHEDULE P (540NR) Attach this schedule to Form 540NR. Your SSN or I T I N Name(s) as shown on Form 540NR Part I  Alternative Minimum Taxable Income (AMTI)  Important: See instructions for information regarding California/federal differences.  1 If you itemized deductions, go to line 2. If you did not itemize deductions, enter your standard 00 deduction from Form 540NR, line 18, and go to line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1   2 Medical and dental expenses. Enter the smaller of federal Schedule A (Form 1040), line 4, or 2½% (.025) 00 of federal Form 1040 or 1040-SR, line 11. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 00   3 Personal property taxes and real property taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 00   4 Certain interest on a home mortgage not used to buy, build, or improve your home. See instructions . . . . . . . . . . . . . . . . . 4 00   5 Miscellaneous itemized deductions. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 ( ) 00   6 Refund of personal property taxes and real property taxes. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Do not include your state income tax refund on this line. 00   7 Investment interest expense adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 00   8 Post-1986 depreciation. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 00   9 Adjusted gain or loss. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 00 10 Incentive stock options (ISOs) and California qualified stock options (CQSOs). See instructions . . . . . . . . . . . . . . . . . . . . . 10 00 11 Passive activities adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 00 12 Beneficiaries of estates and trusts. Enter the amount from Schedule K-1 (541), line 12a . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Other adjustments and preferences. Enter the amount, if any, for each item, a through l. See instructions. 00 a Circulation expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a _____________________ 00 b Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b _____________________ 00 c Installment sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c _____________________ 00 d Intangible drilling costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d _____________________ 00 e Long-term contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e _____________________ 00 f Loss limitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . f _____________________ 00 g Mining costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . g _____________________ 00 h Patron’s adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . h _____________________ 00 i Pollution control facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i _____________________ 00 j Research and experimental costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . j _____________________ 00 k Tax shelter farm activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . k _____________________ 00 l Related adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l _____________________ 14 15 16 17 18 19 20 21 Add amounts on line a through line l, and enter total here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Adjustments and Preferences. Combine line 1 through line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter taxable income from Form 540NR, line 19. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net operating loss (NOL) deduction from Schedule CA (540NR), Part Il, Section B, line 9b1, line 9b2, and line 9b3, column B. Enter as a positive amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AMTI exclusion. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If your federal adjusted gross income (AGI) is less than the amount for your filing status (listed below), skip this line and go to line 19. If you itemized deductions and your federal AGI is more than the amount for your filing status, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Single or married/RDP filing separately . . . . . . . . . . . . . . . . . . . . $237,035 Married/RDP filing jointly or qualifying surviving spouse/RDP . . . $474,075 Head of household . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $355,558 Combine line 14 through line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alternative minimum tax NOL deduction. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alternative Minimum Taxable Income. Subtract line 20 from line 19 (if married/RDP filing separately and line 21 is more than $450,368, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . For Privacy Notice, get FTB 1131 EN-SP. 7981233 13 14 15 00 00 00 00 16 00 17 (           ) 00 18 (           ) 19 20 00 00 21 00 Schedule P (540NR)  2023  Side 1 Part II  Alternative Minimum Tax (AMT) 22 Exemption Amount. (If this schedule is for certain children under age 24, see instructions.) If your filing status is: And line 21 is not over: Enter on line 22: Single or head of household $326,891 $87,171 Married/RDP filing jointly or qualifying surviving spouse/RDP $435,855 $116,229 Married/RDP filing separately $217,924 $58,111 If Part I, line 21 is more than the amount shown above for your filing status, see instructions. 23 Subtract line 22 from Part I, line 21. If zero or less, enter -0-. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Total Tentative Minimum Tax (TMT). Multiply line 23 by 7% (.07) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 California adjusted gross income (AGI) from Schedule CA (540NR), Part IV, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 NOL adjustment, if any, included on Schedule CA (540NR), Part II, Section B, line 9b1, line 9b2, and line 9b3, column E. Enter as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Alternative Minimum Tax Income (AMTI) exclusion. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Combine line 25 through line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Adjustments and Preferences. See instructions before completing. } a Investment interest expense . . . . . b Post-1986 depreciation . . . . . . . . c Adjusted gain or loss . . . . . . . . . . d Incentive stock options and CQSOs e Passive activities . . . . . . . . . . . . . f Beneficiaries of estates & trusts g Circulation expenditures . . . . . . . . h Depletion . . . . . . . . . . . . . . . . . . . i Installment sales . . . . . . . . . . . . . . 00 00 00 00 00 00 00 00 00 j k l m n o p q r Add amounts on line a through line r, and enter total here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Combine line 28 and line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . California Alternative Minimum Tax (AMT) net operating loss (NOL) deduction. See instructions . . . . . . . . . . . . . . . . . . . . California AMT AGI. Subtract line 31 from line 30. If you did not itemize deductions, enter the result here and on line 40 and skip line 33 through line 39. If you itemized deductions, enter the result here and continue to line 33 . . . . . . . . . . . . . 33 Itemized deductions (before federal AGI limitation and proration). Enter the amount from Schedule CA (540NR), Part III, line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Itemized deductions included in Part I. 00 a Medical and dental expense, enter amount from Part I, line 2 . . . . . . . . . . . . . . . . . . . . a______________________ 00 b Personal property taxes and real property taxes, enter amount from Part I, line 3 . . . . b______________________ 00 c Interest on home mortgage, enter amount from Part I, line 4 . . . . . . . . . . . . . . . . . . . . c______________________ 00 d Miscellaneous itemized deductions, enter amount from Part I, line 5 . . . . . . . . . . . . . . d______________________ 00 e Investment interest expense adjustment, enter amount from Part I, line 7 . . . . . . . . . . e______________________ Combine amounts on line a through line e, and enter total here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Total AMT Itemized Deductions. Combine line 33 and line 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Total AMTI. Enter the amount from Part I, line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Total AMT AGI. Add line 35 and line 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 AMT Itemized Deduction Percentage. Divide line 32 by line 37. Do not enter more than 1.0000 . . . . . . . . . . . . . . . . . . . . . 39 Prorated AMT Itemized Deductions. Multiply line 35 by line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 California AMTI. Subtract line 39 from line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Total TMT. Enter the amount from line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 California AMT Rate. Divide line 41 by amount from Part I, line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 California TMT. Multiply line 40 by line 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Regular Tax. Enter the amount from Form 540NR, line 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Alternative Minimum Tax. Subtract line 44 from line 43. If zero or less, enter -0- here and on Form 540NR, line 71. Continue to Part III to figure your allowable credits. (If you have a carryover credit for solar energy or commercial solar energy, also enter the result on Side 3, Part III, Section C, line 23 or 24). If you make estimated tax payments for taxable year 2024, enter amount from line 45 on the 2024 Form 540-ES, California Estimated Tax Worksheet, line 16 . . . . 7982233 00 00 00 23 24 25 00 26 (           ) 00 27 00 28 00 00 00 00 00 00 00 00 00 Intangible drilling costs . . . . . . . . Long-term contracts . . . . . . . . . . . Loss limitations . . . . . . . . . . . . . . Mining costs . . . . . . . . . . . . . . . . . Patron’s adjustment . . . . . . . . . . . Pollution control facilities . . . . . . . Research and experimental costs . . Tax shelter farm activities . . . . . . . Related adjustments . . . . . . . . . . . 30 31 32 Side 2  Schedule P (540NR)  2023 00 22  ____________________ 29 30 31 00 00 00 32 00 33 00 00 34 (           ) 00 35 00 36 00 37 38 ___ . ___ ___ ___ ___ 00 39 00 40 00 41 42 ___ . ___ ___ ___ ___ 00 43 00 44 45 00 Part III  Credits that Reduce Tax  Note: Be sure to attach your credit forms to Form 540NR.   1 Enter the amount from Form 540NR, line 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2 Enter the tentative minimum tax from Side 2, Part II, line 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (a) Credit amount (b) Credit used this year (c) Tax balance that may be offset by credits Section A – Credits that reduce excess regular tax.   3 Subtract line 2 from line 1. If zero or less enter -0- and see instructions. This is your excess tax which may be offset by credits . . . . . . . . . . . . . . . . . . . . . .   3 A1 Credits that reduce excess tax and have no carryover provisions.   4 Code: 162  Prison inmate labor credit (FTB 3507) . . . . . . . . . . . . . . . . . . . . . . . . .   4   5 Code: 232  Child and dependent care expenses credit (FTB 3506) . . . . . . . . . . . . .   5 A2 Credits that reduce excess tax and have carryover provisions. See instructions.  6 Code: ____ ____ ____ Credit Name:__________________________________  6  7 Code: ____ ____ ____ Credit Name:__________________________________    7  8 Code: ____ ____ ____ Credit Name:__________________________________    8  9 Code: ____ ____ ____ Credit Name:__________________________________    9 10 Code: 188  Credit for prior year alternative minimum tax_____________________  10 Section B – Credits that may reduce tax below tentative minimum tax. 11 If Part III, line 3 is zero, enter the amount from line 1. If line 3 is more than zero, enter the total of line 2 and the last entry in column (c) . . . . . . . . . . . . . . . . .   11 B1 Credits that reduce net tax and have no carryover provisions. 12 Code: 170  Credit for joint custody head of household Credit from Credit Form 540NR, ____________________  X Percentage ___ . ___ ___ ___ ___ = 12 See line 51 instructions on Form 540NR. 13 Code: 173  Credit for dependent parent Credit from Credit Form 540NR, ____________________  X Percentage ___ . ___ ___ ___ ___ = 13 See line 52 instructions on Form 540NR. 14 Code: 163  Credit for senior head of household Credit from Credit Form 540NR, ____________________  X Percentage ___ . ___ ___ ___ ___ = 14 See line 53 instructions on Form 540NR. 15 Nonrefundable renter’s credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   15 B2 Credits that reduce net tax and have carryover provisions. See instructions. 16 Code: ____ ____ ____ Credit Name:__________________________________  16 17 Code: ____ ____ ____ Credit Name:__________________________________  17 18 Code: ____ ____ ____ Credit Name:__________________________________  18 19 Code: ____ ____ ____ Credit Name:__________________________________  19 B3 Other state tax credit 20 Code: 187  Other state tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   20 B4 Pass-through entity elective tax credit. See instructions. 21 Code: 242  Pass-through entity elective tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Section C – Credits that may reduce alternative minimum tax. 22 Enter your alternative minimum tax from Side 2, Part II, line 45 . . . . . . . . . . . . . . .   22 23 Code: 180  Solar energy credit carryover from Section B2, column (d) . . . . . . . . .   23 24 Code: 181  Commercial solar energy credit carryover from Section B2, column (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   24 25 Adjusted AMT. Enter the balance from line 24, column (c) here and on Form 540NR, line 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   25 7983233 00 00 1 2 (d) Credit carryover Schedule P (540NR)  2023  Side 3
Extracted from PDF file 2023-california-form-540-nr-schedule-p.pdf, last modified December 2023

More about the California Form 540-NR Schedule P Individual Income Tax Nonresident TY 2023

This form must be attached to Form 540NR and requires you to fill out information on your alternative minimum taxable income (AMTI), Alternative Minimum Tax (AMT), credits that reduce your tax, and other information related to credit limitations.

We last updated the Alternative Minimum Tax and Credit Limitations - Nonresidents in February 2024, so this is the latest version of Form 540-NR Schedule P, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 540-NR Schedule P directly from TaxFormFinder. You can print other California tax forms here.

Related California Individual Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the California Form 540-NR Schedule P.

Form Code Form Name
Form 540-NR California Nonresident or Part-Year Resident Income Tax Return
Form 540-NR Schedule CA INS Forms & Instructions for Schedule CA (540NR)
Form 540-NR Schedule CA California Adjustments - Nonresidents and Part-Year Residents
540-NR Tax Table Tax Table for 540-NR Tax Return
540-NR Schedule S Other State Tax Credit (Nonresidents)
Form 540-NR Short California Nonresident or Part-Year Resident Income Tax Return (Short)
Form 540-NR Schedule D California Capital Gain or Loss Adjustment
540-NR INS 540-NR Nonresident or Part-Year Resident Booklet - Forms & Instructions

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 540-NR Schedule P from the Franchise Tax Board in February 2024.

Show Sources >

Form 540-NR Schedule P is a California Individual Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.

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 540-NR Schedule P

We have a total of thirteen past-year versions of Form 540-NR Schedule P in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form 540-NR Schedule P

2023 California Schedule P(540NR) Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

2022 Form 540-NR Schedule P

2022-540nr-p- Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

2021 Form 540-NR Schedule P

2021 Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents California Schedule P(540NR)

2020 Form 540-NR Schedule P

2020 Schedule P(540NR) Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

2019 Form 540-NR Schedule P

2019 California Schedule P(540NR) Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

2018 Form 540-NR Schedule P

2018 Schedule P (540NR) - Alternative Minimum Tax and Credit Limitations — Nonresidents or Part-Year Residents

2017 Form 540-NR Schedule P

2017 Schedule P (540NR) - Alternative Minimum Tax and Credit Limitations — Nonresidents or Part-Year Residents

2016 Form 540-NR Schedule P

2016 Schedule P (540NR) - Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

Alternative Minimum Tax and Credit Limitations - Nonresidents and Part-Year Residents (Fill-in) 2015 Form 540-NR Schedule P

2015 Schedule P (540NR) -- Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

Alternative Minimum Tax and Credit Limitations - Nonresidents and Part-Year Residents 2014 Form 540-NR Schedule P

2014 Schedule P (540NR) -- Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

Alternative Minimum Tax and Credit Limitations - Nonresidents and Part-Year Residents (Fill-in) 2013 Form 540-NR Schedule P

2013 Schedule P (540NR) -- Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

2012 Form 540-NR Schedule P

2012 Schedule P (540NR) -- Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents

2011 California Schedule P (540NR) 2011 Form 540-NR Schedule P

2011 Schedule P (540NR) -- Alternative Minimum Tax and Credit Limitations - Nonresidents or Part-Year Residents


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