Form CT-8801 Credit for Prior Year Connecticut Minimum Tax for Individuals, Trusts, and Estates

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1 Department of Revenue Services State of Connecticut (Rev 12/18) Form CT-8801 Credit for Prior Year Connecticut Minimum Tax for Individuals, Trusts, and Estates 2018 Purpose of Form Individuals, trusts, and estates use Form CT-8801 to compute the adjusted net Connecticut minimum tax credit for the Connecticut alternative Who Should File This Form Part I Net Minimum Tax on Exclusion Items Calculated at 19% 1 00 I, Line I 3 ( 00) Combine Lines 1, 2, and 3 Inter vivos trusts only, see instructions I the amount from your 2018 federal Form 8801, Line 11, on Line 11 of this form Multiply Line 7 by 25% (25) 8 00 see the instructions the amount to enter on Line 11 the amount to enter on Line 11 All others: adjusted federal tentative minimum tax on exclusion items: Subtract Line 12 from Line Apportionment factor: See instructions Apportioned Connecticut minimum tax on exclusion items calculated at 19% (19): Multiply 16 00

2 Part II Minimum Tax Credit and Carryforward to 2018 I, Line Subtract Line 17 from Line 16 If zero or less, enter Connecticut alternative minimum tax on exclusion items: Subtract Line 19 from Line Subtract Line 20 from Line 21 If zero or less, enter Subtract Line 28 from Line 27 If zero or less, enter adjusted net Connecticut minimum tax credit: See instructions Reserved for future use 31 Worksheet A I, Line I, Line Multiply Line 1 by Line Trusts and estates: I, Line I, Line Worksheet B 1 Enter the amount from 2017 Form CT-6251, Line 16 Trusts and estates: Enter the amount from I, Line Enter the amount from 2017 Form CT-6251, Line 18 Trusts and estates: Enter the amount from I, Line Multiply Line 1 by Line Trusts and estates: Enter the amount from I, Line Enter the amount from 2017 Form CT-6251, Line 15 Trusts and estates: Enter the amount from I, Line Multiply Line 2 by Line Worksheet C Enter the amount of Connecticut-sourced income included on Line 1 above See instructions I, Line 5c Form CT-8801 (Rev 12/18)

3 Part III Tax Computation Using Maximum Capital Gains Rates Enter the amount from 2018 federal Form 8801, Line Enter the amount from 2018 federal Form 8801, Line Enter the smaller of Line 32 or Line Subtract Line 36 from Line or $2,550 for a trust or estate to calculate this amount Multiply Line 50 by 15% (15) If Lines 52 and 32 are the same, skip Lines 53 through 57 and go to Line 58 Otherwise, go to Line If Line 34 is zero or blank, skip Lines 55 through 57 and go to Line 58 Otherwise, go to Line Add Lines 37, 52, and Subtract Line 55 from Line Multiply Line 56 by 25% (25) Connecticut Foreign Earned Income Tax Worksheet Form CT-8801 (Rev 12/18)

4 General Information How the Credit for Prior Year Minimum Tax Is Calculated your 2017 Connecticut alternative minimum tax attributable to adjustments and items of tax preferences (such as exclusion items) specified in IRC 53(d) from your net Connecticut Exclusion items are your federal alternative minimum tax adjustments and preferences for the standard deduction, itemized federal Schedule E), the deduction for charitable contributions of appreciated property, certain tax-exempt interest, and depletion to the Department of Revenue Services (DRS) For more information, see the instructions for federal Form 8801, - Individuals, Estates, and Trusts How the Credit May Be Used 8 tax for 2018 Schedule CT-IT Credit, Income Tax Credit Summary, exceeds your Connecticut alternative minimum tax for 2018, less the jurisdiction(s) The Unused Portion of the Credit Any unused portion of the credit m General Instructions Complete your 2018 federal Form 8801 before you complete Form CT-8801 Form CT-8801 Instructions not liable for Connecticut alternative minimum tax in Schedule CT-IT Credit, Line 10, Column E Individuals Enter in the space provided at the top of the form your name and Trusts and Estates Enter in the space provided at the top of the form the name of Form CT-1041, Connecticut Income Tax Return for Trusts and Estates Line Instructions Part I Line 4 Only full-year resident or part-year resident inter-vivos trusts Line 9 7 Line 9 of the 2018 federal Form 8801 to determine the amount to enter on this line Line 10 7 the disposition of US real property interests, Line 10 cannot be Line 11 7, you must use the Connecticut Foreign Earned Income Tax Worksheet Line 11 to enter on Line 11 Connecticut Foreign Earned Income Tax Worksheet - Line 11 1 Enter the amount from Form CT-8801, Line Add Lines 1 and 2 3 All others: If Line 3 is $187,800 or less ($93,900 $3,756 ($1,878 for 2017) from the result 5 Tax on amount on Line 2: If Line 2 is $187,800 or less ($93,900 $3,756 ($1,878 separately for 2017) from the result 5 6 Form CT-8801 (Rev 12/18)

5 Line 15: Apportionment Factor Nonresident and Part-Year Recalculate the apportionment factor from your 2017 Form CT-6251, Connecticut Alternative Minimum Tax Return Individuals that are not deferral items Nonresident Estates and Nonresident and Part-Year Resident Trusts Recalculate the apportionment factor from your 2017 Form CT-1041 Schedule I, Connecticut Alternative Minimum Tax Computation of Trusts or Estates any other items that are not deferral items Part II Line 19: Credit for Minimum Tax Paid to Qualifying Jurisdictions Residents and Part-Year minimum tax liability for alternative minimum tax paid that are not deferral items Resident Trusts and Estates and Part-Year Resident Trusts minimum tax liability for alternative minimum tax paid to a Schedule I that are not deferral items Line 27: 2018 Connecticut Regular Income Tax Minus Allowable Credits Nonresident and Part-Year Resident Trusts and Estates, Part-Year Resident Trusts, and Nonresident Trusts and Estates Line 5 Line 28: 2018 Connecticut Alternative Minimum Tax Minus Allowable Credits To claim a credit for prior years alternative minimum tax, you must even if you do not have a federal alternative minimum tax and are and Part-Year Subtract the amount on your 2018 Form CT-6251, Line 22, from the amount on your 2018 Form CT-6251, Line 19, and enter the difference Nonresident Individuals Enter the amount from your 2018 Form CT-6251, Line 19 Resident Trusts and Estates and Part-Year Resident Trusts Schedule I, Line 22, from the amount on your 2018 Form Nonresident Trusts and Estates Line 19 Line 30: 2018 Adjusted Net Connecticut Minimum Tax Credit Enter here and on your 2018 Nonresident and Part-Year Trusts and Estates Worksheet C Line 2 exclude any items of deferral Line 3 Part-Year Resident Trusts Only taxable year Form CT-8801 (Rev 12/18)