Schedule I, Alternative minimum tax (1041 CT)

Form CT-1041, Schedule I is similar to federal Schedule I but with net modifications from Schedule B and other miscellaneous Connecticut modifications such as PAB interest. Schedule I, lines 5a through 5d calculate only for a full or part-year resident inter-vivos trust with one or more non-contingent beneficiaries. If there are capital gains, Page 2, lines 24 through 44 will calculate. Line 52 then reports to Schedule I, line 12. 

Connecticut allows for a credit of minimum tax paid to other jurisdictions and you can enter them on the CT AMT screen in the Taxes folder. Connecticut has reciprocity with a limited number of states. The credit calculates on Schedule I, Page 2.


Contact us

Was this article helpful?