Part I is Alternative Minimum Taxable Income (AMTI), Part II is Alternative Minimum Tax (AMT) and Part III is Credits that Reduce Tax.
Line 1: if you itemized deductions, go to line 2; if you did not, enter your standard deduction from Form 540, line 18, and go to line 6.
Line 6: refund of personal property taxes and real property taxes; do not include your state income tax refund on this line.
Credits: be sure to attach your credit forms to Form 540.
| Question | Answer |
|---|---|
| Form Name | California Schedule P (540) |
| Form Length | 4 pages |
| Issuing Authority | California Franchise Tax Board (FTB) |
| Purpose | Calculate and report Alternative Minimum Tax (AMT) |
| Related Form | California Form 540 (individual income tax return) |
| Fillable? | Yes |
| Fillable fields | 131 |
| Avg. time to fill out | 22 min |
| Edition | Taxable Year 2025 |
| Attach to | Form 540 |
| Matches the agency's file | Yes, checked October 2, 2026 |
| Other names | Schedule P (540), 540 Schedule P, California Schedule P, CA Schedule P, Alternative Minimum Tax and Credit Limitations - Residents |
| Official source | California Schedule P (540), Taxable Year 2025 |
California Form 540 Schedule P isn’t the one you’re looking for?