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Alaska Passive Activity Limitation
Extracted from PDF file 2023-alaska-form-6395.pdf, last modified September 2023Passive Activity Limitation
Form 6395 Alaska Passive Activity Limitation For calendar year _____ or the taxable year beginning _________, _____, ending __________, ____ General Business Credits (not specified credits, not eligible small business) EIN Name Shown on Return 1. Federal general business credits from a passive activity, from federal Form 3800, Part III, line 2, column f . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a. Federal investment credit from a passive activity not allowable for Alaska (see instructions) 2a 2b. Other federal general business credits from a passive activity from federal Form 3800, Part 2b III, line 1zz, column f not allowable for Alaska (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 2c 3. Federal general business credits from a passive activity applicable for Alaska. Subtract line 2c from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4. Federal “specified credits” from a passive activity from federal Form 3800, Part III, line 5, column f 4 2c. Add lines 2a–2b . . . . . . . . . . 5a. Federal investment credit from a passive activity not allowable for Alaska (see instructions) Specified Credits 1 5a 5b. Employer social security and medicare taxes paid on certain employee tips from federal 5b Form 3800, Part III, line 4f, column f . . . . . . . . . . . . . . . . . . 5c. Other federal “specified credits” from Form 3800, Part III, line 4z, column f not allowable for 5c Alaska (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 5d 6. Federal “specified credits” from a passive activity applicable to Alaska. Subtract line 5d from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7. Total current year credits for purposes of corporate passive activity credit limitation for Alaska. Add lines 3 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . 7 8. Apportionment factor . . . . . . . . . . . . . . . . . . . . . . . . 8 9. Multiply line 7 by line 8 . . . . . . . . . . . . . . . . . . . . . . . 9 . . . . . 10 5d. Add lines 5a–5c . . . . . . . . . . . . . . . . . . . . 10. Total current apportioned general business credit. Multiply line 9 by 18% (.18) . . . . . . . . . . . . . . . . . 11 . . . . . . . . . . . . . 12 13. Enter Alaska tax attributable to net passive income and net active income (see instructions) . 13 11. Prior year unallowed passive activity credits for Alaska 12. Add lines 10–11 . . . . . . . . . . . . . . . . . 14 . . . . . 15 . . . . . 16 17. Portion of allowed passive activity credit attributable to passive general business credits (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 17 18. Portion of allowable passive activity credit attributable to passive “specified credits” (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 14. Unallowed passive activity credit carryforward. Subtract line 13 from line 12 . 15. Allowed passive activity credit. Subtract line 14 from line 12 (see instructions) 16. Divide line 15 by line 8, and divide result by 18% (.18) . . . . . . . . 0405-6395 Rev 01/01/24
Form 6395
More about the Alaska Form 6395 Corporate Income Tax TY 2023
Passive Activity Limitation
We last updated the Passive Activity Limitation in February 2024, so this is the latest version of Form 6395, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 6395 directly from TaxFormFinder. You can print other Alaska tax forms here.
Related Alaska Corporate Income Tax Forms:
TaxFormFinder has an additional 30 Alaska income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Alaska Form 6395.
| Form Code | Form Name |
|---|---|
| Form 6395i | Passive Activity Limitation Instructions |
View all 31 Alaska Income Tax Forms
Form Sources:
Alaska usually releases forms for the current tax year between January and April. We last updated Alaska Form 6395 from the Department of Revenue in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Alaska Form 6395
We have a total of ten past-year versions of Form 6395 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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