Minnesota Alternative Minimum Tax Calculation of Tax

Alternative Minimum Tax Calculation of Tax
2023 AMTT, Alternative Minimum Tax (Calculation of Tax) Form
2023 AMTT, Alternative Minimum Tax
Calculation of Tax

	B1	

Single/designated filer

B2	

B3

Corporation Name	

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

FEIN	
Minnesota Tax ID 	
You must round amounts to nearest whole dollar.

AMT computation
1	 Alternative	minimum	taxable	income	(from AMTI, line 9)  .  .  .  .  .  .  .  . 1 	
	  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2 	
	  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 3 	
	  .  .  .  .  .  .  .  . 4 	
	
 .  .  . 5 	
6 a	 Alternative	minimum	tax	(AMT)	net-operating-loss
deduction	(see instructions below)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6 a
b	 Deduction	for	dividends	received	(from M4T, line 8;
do not exceed 90 percent of line 5)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6 b
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 	
	  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 9 	
	  .  . 1 0	
Enter amounts on M4T, line 11.
AMT credit
	 .  .  .  .  .  . 1 1 	
	 .  .  . 1 2 	
	
 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 3 . 	
		
AMT carryover calculation
	  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1 4 	
	  .  .  .  .  .  . 1 5

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.

9995