Instructions For Form 6395 - Alaska Passive Activity Limitation - 2013 Page 2
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1
2Line 21: Enter the amount of allowed passive “specified credits”
Column C: Multiply line 17 of Form 6395 by the ratios in column B and
and eligible small business credits (at “gross”) from Worksheet B
enter the results in column C. These are the unallowed passive federal-
below, here and on Form 6390, line 24.
based credits for 2013, and are on a “gross” basis. Keep a record of these
amounts, so the credits can be carried to the next year.
Instructions for Worksheet A below
The purpose of Worksheet A is to calculate the total potential
Column D: Subtract column C from column A. These are the allowed
passive federal-based credits, at “gross” (pre-apportionment and
credits for 2013, stated on a “gross” basis. Enter amounts in this column
pre-18%).
on Form 6395, as indicated.
Column A: Complete column A using amounts from Form 6395,
as indicated. These amounts are “gross” (pre-apportionment and
pre-18%).
Column B: Enter amounts of previously unallowable passive
federal-based credits, by basket, at “gross.”
Column C: Add columns A and B. Carry these amounts to
Worksheet B, column A.
Instructions for Worksheet B below
The purpose of Worksheet B is to allocate allowable and
unallowable passive federal-based credits to each credit basket.
Column A: Enter the amounts from Worksheet A, column C, by basket.
Column B: Divide the amount of each of the credit baskets in column A by
the total of all credits in Column A. The total of the ratios should equal 1.00.
Worksheet A to calculate total potential passive federal-based credits
prior year
from
current year
credit basket
unallowed
total potential credits
Form 6395
A
B
C
1 general business credits
line 3
2 “specified credits”
line 6
line 9
3 eligible small business credits
4 totals
Worksheet B to allocate allowed passive federal-based credits
total potential
Form 6395
credit basket
credits
ratio
unallowed credits
allowed credits
reporting
A
B
C
D
1
general business credits
line 20
2
“specified credits”
line 21
3
eligible small business credits
line 21
4
totals
0405-6395i Rev 01/02/14 - page 2
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