Form Ia 8801 - Iowa Alternative Minimum Tax Credit - Individuals, Estates, And Trusts - 2016

Download a blank fillable Form Ia 8801 - Iowa Alternative Minimum Tax Credit - Individuals, Estates, And Trusts - 2016 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Ia 8801 - Iowa Alternative Minimum Tax Credit - Individuals, Estates, And Trusts - 2016 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

2016 IA 8801
Iowa Alternative Minimum Tax Credit - Individuals, Estates, and Trusts
https://tax.iowa.gov
Name(s)
SSN or FEIN
PART I - Calculation of Iowa Alternative Minimum Tax Credit for 2016
1. Residents enter amount from line 28 of the 2015 IA 6251; nonresidents and
part-year residents enter the amount from line 32 of the 2015 IA 6251.
Also enter in column D of Part I on the IA 148 Tax Credits Schedule ................ 1.
2. Enter total carryforward from line 12 of the 2015 IA 8801. Also enter in
column C of Part I on the IA 148 ......................................................................... 2.
3. Total available Iowa Alternative Minimum Tax Credit. Add lines 1 and 2 ........... 3.
4. Enter 2016 regular tax liability from IA 1040, line 39; or from IA 1041, line 23 ... 4.
5. Enter the nonresident or part-year resident credit from IA 1040, line 48; or
from IA 1041, Schedule C, line 28 ...................................................................... 5.
6. Apportioned regular tax liability. Subtract line 5 from line 4 ................................ 6.
7. Enter 2016 tentative Iowa Alternative Minimum Tax from line 34 of the
2016 IA 6251; or line 29 of the 2016 IA 1041 Schedule I. Nonresidents and
part-year residents multiply by line 39 of the IA 6251 or line 34 of the IA
1041 Schedule I and enter here .......................................................................... 7.
8. Subtract line 7 from line 6. If less than or equal to zero, enter zero in lines 8
and 14 and skip to line 15 ................................................................................... 8.
9. Maximum Iowa Alternative Minimum Tax Credit. Enter the smaller of
line 3 and line 8 ................................................................................................... 9.
10. Enter sum of total credits, nonresident or part-year resident credit and
out-of-state credit from IA 1040, lines 46, 48, and 50; or enter sum of
personal exemption and out-of-state or nonresident tax credits
from IA 1041, lines 27 and 30 ............................................................................ 10.
11. Enter sum of other nonrefundable tax credits reported in column F
of Part I on the IA 148 Tax Credits Schedule excluding the Iowa Alternative
Minimum Tax Credit calculated here ................................................................. 11.
12. All other nonrefundable tax credits. Add lines 10 and 11 ................................... 12.
13. Regular tax less other nonrefundable tax credits. Subtract line 12
from line 4. ......................................................................................................... 13.
14. Iowa Alternative Minimum Tax Credit. Enter the smaller of line 9 or line 13.
Also enter in column F of Part I on the IA 148 Tax Credits Schedule ................ 14.
PART II – Calculation of Iowa Alternative Minimum Tax Credit Carryforward to 2017
15. Carryforward of Iowa Alternative Minimum Tax Credit to 2017. Subtract
line 14 from line 3. Also enter in column H of Part I on the IA 148 ............... 15.
IA 148 Tax Credits Schedule must be completed.
41-009a (07/26/16)

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go