Iowa Credit for Prior-Year Minimum Tax for Individuals, Estates, and Trusts 41-009

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Credit for Prior-Year Minimum Tax for Individuals, Estates, and Trusts 41-009
IA 8801 Iowa Alternative Minimum Tax Credit, 41-0092023 IA 8801

Iowa Alternative Minimum Tax Credit - Individuals, Estates, and Trusts
tax.iowa.gov
Name(s):___________________________________________________________________________
Social Security Number (SSN) or Federal Employer Identification Number (FEIN): _______________
1. Residents enter amount from line 31 of the 2022 IA 6251 or line 29 of the 2022
IA 1041 Schedule D; nonresidents and part-year residents enter the amount
from line 35 of the 2022 IA 6251 or line 33 of the 2022 IA 1041 Schedule D.
Also, enter in column D of Part I on the 2023 IA 148 Tax Credits Schedule ....... 1. ______________
2. Enter total carryforward from line 15 of the 2022 IA 8801. Also, enter in
column C of Part I on the 2023 IA 148 Tax Credits Schedule ............................. 2. ______________
3. Total available Iowa Alternative Minimum Tax Credit. Add lines 1 and 2............ 3. ______________
4. Enter 2023 regular tax liability from IA 1040, Step 5, line 5; or from
IA 1041, line 26 ..................................................................................................... 4. ______________
5. Enter the 2023 nonresident or part-year resident credit from IA 1040, Step 5,
line 13; or from IA 1041, Schedule C, line 30....................................................... 5. ______________
6. Apportioned regular tax liability. Subtract line 5 from line 4 ................................. 6. ______________
7. Iowa Alternative Minimum Tax Credit. Enter the smaller of line 3 or line 6.
Also, enter in column F of Part I on the 2023 IA 148 Tax Credits Schedule ....... 7. ______________

IA 148 Tax Credits Schedule must be completed.

41-009a (07/06/2023)

2023 IA 8801 Instructions
The IA 8801 is used to calculate the Iowa
Alternative Minimum Tax Credit for individuals,
trusts, and estates that can be claimed in tax
year 2023, if any, as a result of Iowa Alternative
Minimum Tax paid in prior years.
The Iowa Alternative Minimum Tax Credit may
be claimed only to the extent of your regular tax
liability (IA 1040, Step 5, line 5; IA 1041, line 26),
adjusted for the nonresident credit (IA 1040, line
13; IA 1041 Schedule C, line 30), for tax year
2023.
This credit is repealed and cannot be applied for
tax years beginning on or after January 1, 2024.
The IA 8801 should be completed by taxpayers
with Iowa Alternative Minimum Tax liability in tax
year 2022 or Iowa Alternative Minimum Tax
Credit carryforward from tax year 2022.

To complete this form, you need your 2022 IA
6251 or 2022 IA 1041 Schedule D; 2022 IA
8801; 2023 IA 1040 completed through line 5 or
2023 IA 1041 completed through line 35; and
2023 IA 148, Part I, completed except for the
Iowa Alternative Minimum Tax Credit.
Include a statement explaining any federal
audits that have impacted your carryforward
reported on line 2. You must also file an
amended Iowa tax return to reflect any previous
year federal audit changes.
Enter the claim information for the Iowa
Alternative Minimum Tax Credit in Part I of the
IA 148 Tax Credits Schedule; use tax credit
code 09 in column A and leave column B blank.
Include this form and the IA 148 with your IA
1040 or IA 1041.

41-009b (07/06/2023)

Extracted from PDF file 2023-iowa-form-ia-8801.pdf, last modified September 2020

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More about the Iowa Form IA 8801 Estate Tax Tax Credit

We last updated the Credit for Prior-Year Minimum Tax for Individuals, Estates, and Trusts 41-009 in February 2024, and the latest form we have available is for tax year 2023. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Iowa Department of Revenue. You can print other Iowa tax forms here.

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Other Iowa Estate Tax Forms:

TaxFormFinder has an additional 43 Iowa income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form 57-005 (Instructions)	Abstract of Assessment (Instructions)
Form 57-009 (Instructions)	Reconciliation Report (Instructions)
Form IA 8801	Credit for Prior-Year Minimum Tax for Individuals, Estates, and Trusts 41-009 Tax Credit

Download all IA tax forms View all 44 Iowa Income Tax Forms

Form Sources:

Iowa usually releases forms for the current tax year between January and April. We last updated Iowa Form IA 8801 from the Department of Revenue in February 2024.

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Form IA 8801 is an Iowa Estate 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 Estate Tax

The IRS, and many states, impose an estate tax on the transfer of cash and property between a decedent and their beneficiaries. These taxes generally only apply to estates over a certain size threshold, generally several million dollars, and therefore only affects the largest few percent of estates in the United States.

Historical Past-Year Versions of Iowa Form IA 8801

We have a total of thirteen past-year versions of Form IA 8801 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form IA 8801