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2015 IA 8801 Iowa Alternative Minimum Tax Credit Instructions

Form IA 8801 is used to calculate for individuals,

50 or 2015 IA 1041 completed through line 28;

trusts, and estates the Iowa Alternative Minimum

and 2015 IA 148 Part I completed except for

Tax Credit that can be claimed in tax year 2015,

Iowa Alternative Minimum Tax Credit.

if any, as a result of Iowa Alternative Minimum

Use Schedule A below to detail the Iowa

Tax paid in prior years. It is also used to

Alternative Minimum Tax Credit carried forward

compute the Iowa Alternative Minimum Tax

to tax year 2015. In column A, report the tax

Credit that can be carried forward to tax year

year in which Iowa Alternative Minimum Tax was

2016.

incurred and in column B, the corresponding

The Iowa Alternative Minimum Tax Credit may

amount of tax incurred. In column C, report the

only be claimed to the extent that your regular

cumulative tax credit claimed through tax year

tax liability after all nonrefundable tax credits,

2014 against the column B amount. Subtract the

other than the Iowa Alternative Minimum Tax

column C amount from the column B amount

Credits, is greater than your Iowa Alternative

and enter the result in column D, Iowa

Minimum Tax for tax year 2015.

Alternative Minimum Tax Credit Carryforward.

The total carryforward, sum of values in column

Form IA 8801 should be completed by taxpayers

D, must equal the carryforward reported on line

with Iowa Alternative Minimum Tax liability in tax

8 of the 2014 IA 8801.

year 2014 or Iowa Alternative Minimum Tax

Credit carryforward from tax year 2014. You

Enter the claim information for the Iowa

cannot claim a tax credit in tax year 2015 for

Alternative Minimum Tax Credit in Part I of the

2015 Iowa Alternative Minimum Tax liability.

IA 148 Tax Credits Schedule; use tax credit

code 09. Include this form with the IA 1040 or

To complete this form, you will need your 2014

the IA 1041.

IA 6251; 2014 IA 8801; 2015 IA 6251

completed; 2015 IA 1040 completed through line

Schedule A – Iowa Alternative Minimum Tax Credit Carryforward

Tax Year

Iowa Alternative

Cumulative Iowa Alternative

Iowa Alternative Minimum

Incurred

Minimum Tax

Minimum Tax Credit Claimed

Tax Credit Carryforward

(B – C = D)

2013 or Earlier*

Incurred

Against Tax Incurred

Total Carryforward (column D sum) Enter on line 2 of the IA 8801 ...

*Do not include Iowa Alternative Minimum Tax incurred in tax year 2014. That amount is reflected on

line 1 of the IA 8801 and should not be included in Schedule A.

41-009b (09/11/15)

Form Ia 8801 - Iowa Alternative Minimum Tax Credit For Individuals, Estates, And Trusts - 2015 Page 2

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