6390: 2024 Alaska Federal-Based Credits (2024)
Alaska · Alaska DOR · Used for tax years 2024
Alaska Form 6390 calculates federal-based credits allowed against Alaska tax for 2024. It accounts for credits applicable to Alaska, apportionment, carryforwards, carrybacks, and tax limitations, with separate calculations for credits allowed and not allowed against Alaska altern
What you'll need
Have these forms and details available, as applicable to your credits:
- Your EIN and the name shown on your return.
- Federal Form 3800, Part III, including line 2, column e; line 5, column e; and line 4f, column e.
- Alaska Form 6395, lines 17 and 18, for allowed credits from passive activities.
- Alaska Form 6000, 6100, or 6150, including Schedule D, line 2, for Alaska regular tax.
- Your apportionment factor, Alaska credit carryforward and carryback amounts, Alaska incentive credit amounts, and net Alaska alternative minimum tax amount.
Common mistakes
- Do not enter a negative amount on line 12c. The form says to enter zero if the result is less than zero.
- On line 16, enter zero if the result is zero or less.
- Use the smaller amount where directed: line 17 takes the smaller of lines 11 and 16, and line 32 takes the smaller of lines 28 and 31.
- Remember to enter the credit from line 33 on Form 6000, 6100, or 6150, Schedule A, line 8.
Questions people ask
What does Form 6390 calculate?
It calculates Alaska federal-based credits allowed for the current year. Line 33 adds the allowed amounts from lines 17 and 32.
Does the form treat all credits the same for alternative minimum tax?
No. Part I covers current-year credits not allowed against Alaska alternative minimum tax. Part III covers current-year credits allowed against that tax.
How are current credits apportioned?
In Part I, multiply line 5 by the apportionment factor on line 6, then multiply the result by 18% on line 8. In Part III, multiply line 22 by the apportionment factor on line 23, then multiply the result by 18% on line 25. The form applies credit limitations later.
Where do allowed passive-activity credits go?
Enter the amount from Form 6395, line 17, on Form 6390, line 4. Enter the amount from Form 6395, line 18, on Form 6390, line 21.