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)