6395: 2024 Alaska Passive Activity Limitation (Revision 2025-01)
Alaska · Alaska DOR · Used for tax years 2024
Alaska Form 6395 calculates the corporate passive activity credit limitation for Alaska. It reports applicable federal credits from passive activities, prior-year unallowed credits, the allowed credit, and the unallowed credit carryforward.
What you'll need
Have these forms and figures available to complete Form 6395:
- Federal Form 3800, Part III, column d: The form references lines 2, 1zz, 5, 4f, and 4z.
- Return information: Your EIN, name shown on the return, and calendar year or taxable-year beginning and ending dates.
- Credit figures: Federal investment credits from passive activities that are not allowable for Alaska, and prior-year unallowed passive activity credits for Alaska.
- Alaska calculation figures: Your apportionment factor and Alaska tax attributable to net passive income and net active income.
Several lines refer to instructions for details. Those instructions are not included in the supplied text.
Questions people ask
Does Form 6395 separate general business credits from specified credits?
Yes. Lines 1 through 3 cover general business credits, excluding specified credits and eligible small business credits. Lines 4 through 6 cover specified credits.
Where do the starting federal credit amounts come from?
Line 1 uses passive activity general business credits from federal Form 3800, Part III, line 2, column d. Line 4 uses passive activity specified credits from Part III, line 5, column d.
What percentage does the form use to calculate the current apportioned general business credit?
Line 9 multiplies the total current-year credits on line 7 by the apportionment factor on line 8. Line 10 then multiplies line 9 by 18% (.18).
Where do I enter prior-year unallowed passive activity credits?
Enter prior-year unallowed passive activity credits for Alaska on line 11. Line 12 adds that amount to the current apportioned general business credit on line 10.