Skip to main content

Solutions

Products

Recommended products

Questions? We are here to help.
Contact us

Purchase

Questions? We are here to help.

Resources

Screens

Screen MNAMT - Minnesota Alternative Minimum Tax and Credit (1040)

Show all hidden content

Overview

Use this screen to complete Schedules M1MT, M1MTC, and the Minnesota Alternative Minimum Tax Worksheet.

Alternative Minimum Tax

Non Minnesota state and municipal bonds
Data entered on this field will reduce the total amounts of M1M, lines 4 and 5 included on the M1MT, line 5.
Interest from Minnesota private activity bonds issued after August 7, 1986
For use on the Schedule M1MTC.
Excess intangible drilling costs / Excess depletion
Excess intangible drilling costs and depletion default to the amounts on federal Form 6251. Enter an amount here if different to be used on Form M1 and the Minnesota Alternative Minimum Tax Worksheet.

Alternative Minimum Tax Credit

If not proforma’d, enter the amounts from the prior year Schedule M1MT to calculate Schedule M1MTC, Alternative Minimum Tax Credit.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Minnesota

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close