NEAR FINAL DRAFT 8/1/24

                                                                                                                                                                                             *242211*

2024 Schedule M2MT, Alternative Minimum Tax
for Estates and Trusts

Name of Estate or Trust                                                               Federal ID Number                                                                            Minnesota ID Number

    Check if you are using this schedule to determine Minnesota AMT for Schedule M2SB, Income Tax Computation for S Portion of ESBT (see instructions)

                                                                                                                                                                                 A                  B
                                                                                                                                                                                                    Amount allocated 
                                                                                                                                                                                Total amount        to Minnesota       
                                                                                                                         (round amounts to the nearest whole dollar)

  1  Federal alternative minimum taxable income (from line 27 of federal Schedule I)          .  .   1                                                                                                                

  2 Fiduciary’s deductions and losses not allowed by Minnesota (see instructions)  . . .  .    2                                                                                                  

  3 Portion of additions from line 75, column E, of Form M2 (see instructions)   . . . .  . .  .    3                                                                                             

  4  Foreign-derived intangible income (FDII) deduction not included in federal AMTI  .  .   4                                                                                                                        
 
  5  Add line 1 through 4   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . .  .    5                                                                    
 
  6  Portion of subtractions from line 75, column E of Form M2 (see instructions)   .  .  .  .  .    6                                                                                            
 
  7  Subtract line 6 from line 5  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . .  .    7                                                                       
     If line 7, column A is $46,360 or less, stop here . 
     Skip the rest of this schedule, but include with Form M2.
  8   Divide line 7, column B by line 7, column A (round the result to five decimal places)    8   
 
  9   Maximum exemption   . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  .  .    9                                    $46,360 
 
 10   Phaseout amount exemption  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  .                                             10     $75,000
 
 11   Subtract line 10 from line 7, column A (if result is zero or less, leave blank)  . . .  . .  .  11   
 
 12   Multiply line 11 by 25% (.25)   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .   12   
 
 13   Subtract line 12 from line 9 (if result is zero or less, leave blank)  . . .  . . . . . .  . . . . .  .  13   
  
 14  Multiply line 13 by line 8    . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  .  14                     
 
 15  Subtract line 14 from line 7, column B    . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . .  .  15                                 
 
 16  Multiply line 15 by 6.75% (.0675)   . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . .  .  16                              
 
 17  Tax from line 10 of Form M2   .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . .  .  17                           
 18  Subtract line 17 from line 16 (if result is zero or less, leave blank) . Also enter the 
     result on line 13 of Form M2 and check the box for M2MT   . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  .  18                                                      

You must include this schedule and a copy of federal Schedule I when you file your Form M2.

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