M1MT taxes.state.mn.us

This document is an Alternative Minimum Tax form for 2008. It contains instructions for completing Schedule M1MT to determine if a taxpayer owes Minnesota Alternative Minimum Tax. Key details include: - Schedule M1MT must be completed if the taxpayer owed federal Alternative Minimum Tax when filing their federal return. - It calculates adjustments, additions, subtractions and deductions to adjusted gross income to determine if Minnesota Alternative Minimum Tax is owed. - Line items include medical expenses, investment interest, charitable contributions and other items from the federal return. - The schedule then determines the tax owed based on filing status and income thresholds and compares it to the regular tax from Form M1. - If the Alternative Minimum Tax