| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | AMT Assistant | | | |
| | | | | | | |
| | | | | OMB No. 1545-0074 | | | |
| | Form | 6251 | Alternative Minimum Tax—Individuals | | | | Manual | | | Worksheet To See if You Should Fill in Form 6251—Line 45 | | | | |
| | | | 4 See separate instructions. | | | Override ê | | | | | | | | | | |
| | Department of the Treasury | | | Attachment | | | | | | 1. | | Are you filing Schedule A? | | | | |
| | Internal Revenue Service (99) | 4 Attach to Form 1040 or Form 1040NR. | Sequence No. 32 | | | | | | | | No. Skip lines 1 through 3; enter on line 4 the amount from Form 1040, line 38, and go to line 5. | | | | |
| | Name(s) shown on Form 1040 or Form 1040NR | | | Your social security number | | | | | | | | Yes. Enter the amount from Form 1040, line 41 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | Part I | Alternative Minimum Taxable Income (See instructions for how to complete each line.) | | | | | | 2. | | Enter the smaller of the amount on Schedule A, line 4, or 2.5% (.025) of the amount on | | | | |
| | 1 | If filing Schedule A (Form 1040), enter the amount from Form 1040, line 41, and go to line 2. Otherwise, | | | | | | | | | | Form 1040, line 38. If zero or less, enter -0- | | | | | |
| | | enter the amount from Form 1040, line 38, and go to line 7. (If less than zero, enter as a negative amount.) | | | | | | | | 3. | | Enter the total of the amounts from Schedule A, lines 9 and 27 | | | | | |
| | 2 | Medical and dental. Enter the smaller of Schedule A (Form 1040), line 4, or 2.5% (.025) of Form 1040, line | | | | | | | | | | | | | | | |
| | | 38. If zero or less, enter -0- | | | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | | | | 4. | | Add lines 1 through 3 above | | | | | |
| | 3 | Taxes from Schedule A (Form 1040), line 9 | | . . . . . . . . . . . . . . . . . . . . | | | | | | | | 5. | | Enter any tax refund from Form 1040, lines 10 and 21 | | | | | | Tax refund included in Form 1040, Line 21. |
| | 4 | Enter the home mortgage interest adjustment, if any, from line 6 of the worksheet on page 2 of the instructions | | | | | | | | 6. | | Subtract line 5 from line 4 | | | | | |
| | 5 | Miscellaneous deductions from Schedule A (Form 1040), line 27 | | . . . . . . . . . . . . | | | | | | | | | | | | | | |
| | 6 | | | | | | | | | 7. | | Enter the amount shown below for your filing status. | | | | |
| | | of the Itemized Deductions Worksheet of the Instructions for Form 1040, Sch A, pg A-7 (as a negative amount) . . . | | | | | | | | | • | | | 33750 | | | | |
| | 7 | Tax refund from Form 1040, line 10 or line 21 (Enter the total as a negative amount.) | | . . . . . . . . | | | | | | | 78200 | | • | | | 45000 | | | | | |
| | 8 | Investment interest expense (difference between regular tax and AMT) | | . . . . . . . . . . | | | | | | | | | • | | | 22500 | | | | |
| | 9 | Depletion (difference between regular tax and AMT) | | . . . . . . . . . . . . . . . . . | | | | | | | | | | | | | | | | |
| | 10 | Net operating loss deduction from Form 1040, line 21. Enter as a positive amount | | . . . . . . . | | | | | | | | | | | | | | |
| | 11 | Interest from specified private activity bonds exempt from the regular tax | | . . . . . . . . . . | | | | | | | | 8. | | Is the amount on line 6 more than the amount on line 7? | | | | |
| | 12 | Qualified small business stock (7% of gain excluded under section 1202) | | . . . . . . . . . | | | | | | | | | | No. Stop You do not need to fill in Form 6251. | | | | |
| | 13 | Exercise of incentive stock options (excess of AMT income over regular tax income) | | . . . . . | | | | | | | | | | Yes. Subtract line 7 from line 6 | | | | | |
| | 14 | Estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A) | | . . . . . . . . . | | | | | | | | | | | | | | |
| | 15 | Electing large partnerships (amount from Schedule K-1 (Form 1065-B), box 6) | | . . . . . . . | | | | | | | | 9. | | Enter the amount shown below for your filing status. | | | | |
| | 16 | Disposition of property (difference between AMT and regular tax gain or loss) | | . . . . . . . . | | | | | | | | | • | | | 112500 | | | | |
| | 17 | Depreciation on assets placed in service after 1986 (difference between regular tax and AMT) | | | | | | | | | • | | | 150000 | | | | | |
| | 18 | Passive activities (difference between AMT and regular tax income or loss) | | . . . . . . . . | | | | | | | | | • | | | 75000 | | | | |
| | 19 | Loss limitations (difference between AMT and regular tax income or loss) | | . . . . . . . . . | | | | | | | | | | | | | | | | |
| | 20 | Circulation costs (difference between regular tax and AMT) | | . . . . . . . . . . . . . . | | | | | | | | 10. | | Is the amount on line 6 more than the amount on line 9? | | | | |
| | 21 | Long-term contracts (difference between AMT and regular tax income) | | . . . . . . . . . . | | | | | | | | | | No. Skip lines 10 and 11; enter on line 12 the amount from line 8, and go to line 13. | | | | |
| | 22 | Mining costs (difference between regular tax and AMT) | | . . . . . . . . . . . . . . . . | | | | | | | | | | Yes. Subtract line 9 from line 6 | | | | | |
| | 23 | Research and experimental costs (difference between regular tax and AMT) | | . . . . . . . . | | | | | | | | | | | | |
| | 24 | Income from certain installment sales before January 1, 1987 | | . . . . . . . . . . . . . | | | | | | | | 11. | | Multiply line 10 by 25% (.25) and enter the smaller of the result or line 7 above | | | | | |
| | 25 | Intangible drilling costs preference | | . . . . . . . . . . . . . . . . . . . . . . . | | | | | | | | 12. | | Add lines 8 and 11 | | | | | |
| | 26 | Other adjustments, including income-based related adjustments | | . . . . . . . . . . . . | | | | | | | | 13. | | | | | | | 175000 | 87500 | |
| | 27 | Alternative tax net operating loss deduction | | . . . . . . . . . . . . . . . . . . . . | | | | | | | | | | Yes. | Fill in Form 6251 to see if you owe the alternative minimum tax. | | | | | |
| | 28 | Alternative minimum taxable income. Combine lines 1 through 27. (If married filing separately and line | | | | | | | 207,500 | | | No. | | | | | | 0.26 | |
| | | | | . . . . . . . . . . . . . . . . | | | | | | | 325,200 | | | | | | | |
| | Part II | Alternative Minimum Tax | | | | | 31,275 | 14. | | Enter the amount from Form 1040, line 44, minus the total of any tax from Form 4972 and any amount | | | |
| | 29 | Exemption. (If this form is for a child under age 14, see page 7 of the instructions.) | | | | | | | | | | | | on Form 1040, line 51. If you used Schedule J to figure your tax, the amount for Form 1040, line 44, | | | |
| | | | | AND line 28 is | | THEN enter on | | | | | | | | | | | must be refigured without using Schedule J | | | | | | Tax from Form 4972 | |
| | | IF your filing status is . . . | | not over . . . | | line 29 . . . | | | | | | | | | | | | | | | | |
| | | Single or head of household . . . . . . . . . . . | $112,500 | . . . . | $44,350 | | | | | | | | | | Next | | Is the amount on line 13 more than the amount on line 14? | | | | |
| | | Married filing jointly or qualifying widow(er) . . . | 150,000 | . . . . | 66,250 | | . . . . | | | | | | | | | | Yes. Fill in Form 6251 to see if you owe the alternative minimum tax. | | | | |
| | | Married filing separately . . . . . . . . | 75,000 | . . . . | 33,125 | | | | | | | | | | | | No. You do not owe alternative minimum tax and do not need to fill in Form 6251. Leave line 45 blank. | | | |
| | | If line 28 is over the amount shown above for your filing status, see page 7 of the instructions. | | | | | | | | | | | | | | | | | | | | |
| | 30 | Subtract line 29 from line 28. If more than zero or you are filing Form 2555 or 2555-EZ, go to line 31. If zero or | | | | | | | | | "Stop" if Line 28 less Line 29 is zero or less. | | |
| | | less and you are not filing Form 2555 or 2555-EZ, enter -0- on lines 33 and 35 and skip the rest of Part II | | | | | | | | | "Stop" if Line 28 less Line 29 is zero or less. | | |
| | 31 | l If you are filing Form 2555 or 2555-EZ, see page 8 of the instructions for the amount to enter. | | | | | | | | | | Sch. D Not Required (See Form 1040, line 13) | | |
| | | l If you reported capital gain distributions directly on Form 1040, line 13; you reported qualified dividends | | | | | | | | | | Sch. D Not Required (See Form 1040, line 13) | | |
| | | on Form 1040, line 9b; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040) (as refigured | | | | | | | | | | Qualified dividends on Form 1040, line 9b | | |
| | | for the AMT, if necessary), complete Part III on the back and enter the amount from line 55 here. | | | | | | | | | Gain on both lines 15 and 16 of Schedule D (Form 1040) (as refigured for the AMT, if necessary) | | |
| | | l | All others: | | | | | | | | 175,000 | | | | |
| | | | | | | | | | | 87,500 | | | Exemption Worksheet—Line 29 | | |
| | 32 | Alternative minimum tax foreign tax credit (see page 8 of the instructions) | | . . . . . . . . . | | | | | | | | | | (Keep for your records.) | | |
| | 33 | Tentative minimum tax. Subtract line 32 from line 31 | | . . . . . . . . . . . . . . . . . | | | | | Enter tax from | | 3,500 | | | | 289,900 | |
| | 34 | Tax from Form 1040, line 44 (minus any tax from Form 4972 and any foreign tax credit from Form 1040, | | | | | Form 4972 here ¯ | | 1,750 | | | | 415,000 | |
| | | line 51). If you used Schedule J to figure your tax, the amounts for line 44 of Form 1040 must be refigured | | | | | | | | | | Do not complete this worksheet; instead, enter the amount from Form 6251, line 28, on line 30 and | 207,500 | |
| | | without using Schedule J (see page 9 of the instructions) | | . . . . . . . . . . . . | | | | | | | 0.26 | | | go to line 31. | | |
| | 35 | Alternative minimum tax. Subtract line 34 from line 33. If zero or less, enter -0-. Enter here and on Form | | | | | | | 0.28 | | | 1 | | | | | | 44,350 | |
| | | 1040, line 45 | | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | | | | | | | | | | 66,250 | |
| | For Paperwork Reduction Act Notice, see page 10 of the instructions. | Cat. No. 13600G | | | Form6251 | | | | | | | | | separately . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | 33,125 | |
| | | | | | | | | | | Page 2 | | | | | | 2 | Enter your alternative minimum taxable | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Part III | Tax Computation Using Maximum Capital Gains Rates | | | | | | | | | income (AMTI) from Form 6251, line 28 . . . . . . . . . . . | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | 3 | | | | | | | | | |
| | 36 | Enter the amount from Form 6251, line 30. If you are filing Form 2555 or 2555-EZ, enter the amount from | | | | | | | | | | | | | | | | | |
| | | line 3 of the worksheet on page 8 of the instructions | | . . . . . . . . . . . . . . . . . . . . | | | | | | | | | | | | | | | | | |
| | 37 | Enter the amount from line 6 of the Qualified Dividends and Capital Gain Tax | | | | | | | | | | 4 | Subtract line 3 from line 2. If zero or less, | | | | | | | | |
| | | Worksheet in the instructions for Form 1040, line 44, or the amount from line | | | | | | | | | | | enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | | | |
| | | 13 of the Schedule D Tax Worksheet on page D-9 of the instructions for | | | | | | | | | | | 5 | Multiply line 4 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | |
| | | Schedule D (Form 1040), whichever applies (as refigured for the AMT, if | | | | | | | | | | | 6 | Subtract line 5 from line 1. If zero or less, enter -0-. | | If this form is | | | | | |
| | | necessary) (see page 9 of the instructions) If you are filing Form 2555 or | | | | | | | | | | | | for a child under age 18, go to line 7 below. | Otherwise, stophere | | | | |
| | | 2555-EZ, see page 10 of the instructions for the amount to enter | | . . . . . . . . | | | | | | | | | | | and enter this amount on Form 6251, line 29, and go to Form 6251, | | | | | |
| | 38 | Enter the amount from Schedule D (Form 1040), line 19 (as refigured for the | | | | | | | | | | | line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | |
| | | AMT, if necessary) (see page 9 of the instructions). If you are filing Form 2555 | | | | | | | | | | 7 | Child’s minimum exemption amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | $6,300 | | | |
| | | or 2555-EZ, see page 10 of the instructions for the amount to enter | . . . . . . . | | | | | | | | | | 8 | Enter the child’s earned income, if any (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | |
| | 39 | If you did not complete a Schedule D Tax Worksheet for the regular tax or | | | | | | | | | | | 9 | Add lines 7 and 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | |
| | | the AMT, enter the amount from line 37. Otherwise, add lines 37 and 38, and | | | | | | | | | | 10 | Enter the smaller of line 6 or line 9 here and on Form 6251, line 29, | | | | | | |
| | | enter the smaller of that result or the amount from line 10 of the Schedule D | | | | | | | | | | | and go to Form 6251, line 30 . . . . . . . . . . . . . . . . . . . . . . | | | | | |
| | | Tax Worksheet (as refigured for the AMT, if necessary) If you are filing Form 2555 | | | | | | | | | | | | | | | | | | | |
| | | or 2555-EZ, see page 10 of the instructions for the amount to enter | . . . . . . . | | | | | | | | | | | | | | | | | | | | |
| | 40 | Enter the smaller of line 36 or line 39 | | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | | | | |
| | 41 | Subtract line 40 from line 36 | | . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | | | 175000 | | | |
| | 42 | | | | | | | | 87500 | | | |
| | | | | | | | | | 0.26 | | | |
| | | result | | | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 | | | | | | | 0.28 | | | | | |
| | 43 | Enter: | | | | | | | | | | | 3500 | | | | | |
| | | l | | | | | | | | | | | 1750 | | | | | |
| | | l | | | . . . . . . . | | | | | | | | | 63700 | | | | | |
| | | l | | | | | | | | | | | 31850 | | | |
| | 44 | Enter the amount from line 7 of the Qualified Dividends and Capital Gain Tax | | | | | | | | | 42650 | | | |
| | | Worksheet in the instructions for Form 1040, line 44, or the amount from line | | | | | | | | | | |
| | | 14 of the Schedule D Tax Worksheet on page D-10 of the instructions for | | | | | | | | | | | |
| | | Schedule D (Form 1040), whichever applies (as figured for the regular tax). If | | | | | | | | | | |
| | | you did not complete either worksheet for the regular tax, enter -0- | | . . . . | | | | | | | | | | |
| | 45 | Subtract line 44 from line 43. If zero or less, enter -0- | | . . . . . . . . . . | | | | | | | | | | |
| | 46 | Enter the smaller of line 36 or line 37 | | | . . . . . . . . . . . . . . . . | | | | | | | | | | | | |
| | 47 | Enter the smaller of line 45 or line 46 | | | . . . . . . . . . . . . . . . . | | | | | | | | | | |
| | 48 | Multiply line 47 by 5% (.05) | | . . . . . . . . . . . . . . . . . . . . . . . . 4 | | | | | | | | |
| | 49 | Subtract line 47 from line 46 | | | . . . . . . . . . . . . . . . . . . . | | | | | | | | | | |
| | 50 | Multiply line 49 by 15% (.15) | | | | . . . . . . . . . . . . . . . . . . . . . . . . 4 | | | | | | | | |
| | | If line 38 is zero or blank, skip lines 51 and 52 and go to line 53. Otherwise, go to line 51. | | | | | | | | | | | | |
| | 51 | Subtract line 46 from line 40 | | | . . . . . . . . . . . . . . . . . . . | | | | | | | | | | | | |
| | 52 | Multiply line 51 by 25% (.25) | | . . . . . . . . . . . . . . . . . . . . . . . 4 | | | | | | | | | | |
| | 53 | Add lines 42, 48, 50, and 52 | | . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | | | | | |
| | 54 | | | | | | | | | |
| | | Otherwise, multiply line 36 by 28% (.28) and subtract $3,500 ($1,750 if married filing separately) from the | | | | | | | | |
| | | result | | | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | | | | | | | | | |
| | 55 | Enter the smaller of line 53 or line 54 here and on line 31. If you are filing Form 2555 or 2555-EZ, do not | | | | | | | | | | |
| | | enter this amount on line 31. Instead, enter it on line 4 of the worksheet on page 8 of the instructions. . . | | | | | | | | | | | |
| | | | | | | | | | | | Form6251 | | | | | | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | Download Form 6251 | | | | | |
| | | | | | | | | | | |
| | | Download Form 6251 Instructions | | | | | |