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4 NEAR FINAL DRAFT 8/8/24 4
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6 *242211* 6
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8 2024 Schedule M2MT, Alternative Minimum Tax 8
9 for Estates and Trusts 9
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11 ESTATE TRUST NAMEXXXXXXXXXXXXXXXXXXXXXXXX 123456789 123456789 11
12 Name of Estate or Trust Federal ID Number Minnesota ID Number 12
13 13
14 Check if you are using this schedule to determine Minnesota AMT for Schedule M2SB, Income Tax Computation for S Portion of ESBT (see instructions) 14
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16 A B 16
17 Amount allocated 17
18 Total amount to Minnesota 18
19 (round amounts to the nearest whole dollar) 19
20 20
21 1 Federal alternative minimum taxable income (from line 27 of federal Schedule I) . . 1 12345678 12345678 21
22 22
23 2 Fiduciary’s deductions and losses not allowed by Minnesota (see instructions) . . . . 2 12345678 12345678 23
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25 3 Portion of additions from line 75, column E, of Form M2 (see instructions) . . . . . . . 3 12345678 12345678 25
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27 4 Foreign-derived intangible income (FDII) deduction not included in federal AMTI . . 4 12345678 12345678 27
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29 5 Add line 1 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 12345678 12345678 29
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31 6 Portion of subtractions from line 75, column E of Form M2 (see instructions) . . . . . 6 12345678 12345678 31
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33 7 Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 12345678 12345678 33
34 If line 7, column A is $46,360 or less, stop here . 34
35 Skip the rest of this schedule, but include with Form M2. 35
36 8 Divide line 7, column B by line 7, column A (round the result to five decimal places) 8 12345678 36
37 37
38 9 Maximum exemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 $46,360 38
39 39
40 10 Phaseout amount exemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 $75,000 40
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42 11 Subtract line 10 from line 7, column A (if result is zero or less, leave blank) . . . . . . 11 12345678 42
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44 12 Multiply line 11 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 12345678 44
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46 13 Subtract line 12 from line 9 (if result is zero or less, leave blank) . . . . . . . . . . . . . . . 13 12345678 46
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48 14 Multiply line 13 by line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 12345678 48
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50 15 Subtract line 14 from line 7, column B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 12345678 50
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52 16 Multiply line 15 by 6.75% (.0675) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 12345678 52
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54 17 Tax from line 10 of Form M2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 12345678 54
55 18 Subtract line 17 from line 16 (if result is zero or less, leave blank) . Also enter the 55
56 result on line 13 of Form M2 and check the box for M2MT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 12345678 56
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58 You must include this schedule and a copy of federal Schedule I when you file your Form M2. 58
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63 9995 63
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