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Department of Revenue Services

Form CT-1041

2011

State of Connecticut

Schedule I

(Rev. 01/12)

Connecticut Alternative Minimum Tax Computation of Trusts or Estates

Any trust or estate subject to and required to pay federal alternative minimum tax must complete and attach this schedule to Form CT-1041.

Complete this form in blue or black ink only. Read the complete instructions before completing this form.

Name of trust or estate

Federal Employer Identiﬁ cation Number (FEIN)

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__ __

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__ __ __ __ __ __ __

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Part I - Computation of Connecticut Alternative Minimum Tax for Trusts and Estates

1. Trust or estate’s share of federal alternative minimum taxable income from federal

Form 1041 Schedule

, Line 29. See instructions.

2. Enter the Connecticut modiﬁ cations attributable to the trust or estate. See instructions.

3. Combine Line 1 and Line 2.

4. Enter the sum of the trust or estate’s share of Connecticut income tax and tax-exempt interest from private

activity bonds. See instructions.

5. Tentative adjusted federal alternative minimum taxable income: Subtract Line 4 from Line 3.

Complete Lines 5a through 5d if you are a full-year resident or part-year resident inter vivos trust with one or more

nonresident, noncontingent beneficiaries. All others, go to Line 5e and enter the amount from Line 5 above.

5a. Enter the amount of Connecticut-sourced income included in Line 5. See instructions.

5b. Enter the amount from non-Connecticut sources. See instructions.

5c. Percentage of nonresident, noncontingent beneﬁ ciaries: Divide the number on Schedule CT-1041B, Part 2,

Line 2, by the number on Schedule CT-1041B, Part 2, Line 3. Enter the decimal here. Round to 4 decimal places. 5c

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5d. Multiply Line 5b by Line 5c.

5e. Adjusted federal alternative minimum taxable income: See instructions.

$22,500

6. Exemption amount

$75,000

7. Phaseout of exemption amount

8. Subtract Line 7 from Line 5e. If zero or less, enter “0.”

9. Multiply Line 8 by 25% (.25).

10. Exemption: Subtract Line 9 from Line 6. If zero or less, enter “0.”

11. Subtract Line 10 from Line 5e. If zero or less, enter “0” here and on Line 23 and skip Lines 12 through 22.

12. If you completed Part IV of federal Form 1041 Schedule

, complete Part

of this schedule and enter the amount

from Line 42 here. However, if Lines 2 and 4 are zero and you did not complete Lines 5A through 5d, enter

the amount from federal Form 1041 Schedule

, Line 75, here and skip Form CT-1041 Schedule

Part

All others: If Line 11 is $175,000 or less, multiply Line 11 by 26% (.26). Otherwise, multiply Line 11 by 28% (.28)

and subtract $3,500 from the result.

13. Alternative minimum tax foreign tax credit from federal Form 1041 Schedule

, Line 53.

14. Adjusted federal tentative minimum tax: Subtract Line 13 from Line 12.

15. Multiply Line 14 by 19% (.19).

16. Multiply Line 5e by 5.5% (.055).

17. Connecticut minimum tax: Enter the lesser of Line 15 or Line 16.

18. Apportionment factor: Connecticut residents, enter 1.0000; nonresidents and part-year residents, see instructions.

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19. Apportioned Connecticut minimum tax: Multiply Line 17 by Line 18.

20. Connecticut income tax from Form CT-1041, Line 2 or Line 3

21. Net Connecticut minimum tax: Subtract Line 20 from Line 19. If zero or less, enter “0.”

22. Credit for alternative minimum tax paid to qualifying jurisdictions for full-year and part-year Connecticut

residents only from Part III, Line 51, on the back of this schedule.

23. Connecticut alternative minimum tax: Subtract Line 22 from Line 21. If zero or less, enter “0.”

Enter the amount here and on Form CT-1041, Line 6.

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Schedule I (Form Ct-1041) - Connecticut Alternative Minimum Tax Computation Of Trusts Or Estates - 2011

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