Combined Form AMT-T print requirements
Form AMT-T prints when Minnesota is combined, required checkboxes are unmarked, and there are positive amounts on AMTT lines. If there are subsidiaries, verify member details.
To print Form AMT-T, Alternative Minimum Tax Calculation of Tax:
- In theOrganizer, selectStatesthenState and City Activation/Consolidation.
- On Column C, selectCombineon the Minnesota Row.
- In theOrganizer, selectStatesthenMinnesota.
- SelectGeneral Informationand make sure theSmall corporation exempt from federal AMT under IRC sec 55(e)checkbox isn't selected.
- Go toReturn Optionsand make sure theForm AMTTin the sectionPrint Suppressioncheckbox isn't selected.
- SelectCredits,General Credits, then go to theAlternative Minimum Tax Credit (Schedule AMTT)section.
- Make sure an amount isn't present on theLine AMT credit carryover from prior year.
- Go toTax Forms,States, thenMinnesota.
- Go toAMTT – Alt. Min. Credit.
- Make sure an amount greater than 0 is entered onLine 1orLine 13.
- Go toCombined Report,AMTT – Alt. Min. Tax Credits, thenAMTT, Detail for Each Member.
- Make sure an amount is present for each member.
- Do a full recompute, then print the return.
note
This form is used to compute both the AMT and the AMT Credit.
Print requirements for subsidiaries
Minnesota Form AMTT will print for each member of a consolidation if there's an apportionment percentage on Line 2 of the form. However, you can print the form for subsidiaries with no apportionment percentage.
- Go to .
- Mark the checkbox for theMember Name.note
- This means the company will be printed on the Form AMTT and the form will print for the applicable subsidiary.
- If the form shouldn't print, clear the checkbox with your spacebar.
