CA – California Schedule P – AMT

Article: 50291

Overview

Schedule P (540) is used to determine whether you owe Alternative Minimum Tax (AMT) or if your credits must be reduced or eliminated.

You must complete and attach Schedule P (540) to Form 540 if any of the following apply:

• You owe AMT.
• You have more than two credits.
• You have credits listed in Schedule P Part III.
• You meet any other listed criteria from the Schedule P Instructions.

Add Schedule P

To add Schedule P:

1. Go to the State taxes section.
2. Select I’d like to see the forms I’ve filled out or search for a form.
3. In the drop list, select California.
4. Select the Taxes tab.
5. Select 540/540NR Schedule P – Alternative Minimum Tax to add and open the form.
6. Complete the form with your applicable information.
7. Click Save to apply changes.

Further Information

See ftb.ca.gov for more information.