Instructions For Form 6251 - 2011 (Page 11 of 13) in pdf

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the regular tax and you previously

Do not adjust the amount of any

On the AMT Qualified Dividends and

made or are making the simplified

foreign source qualified

Capital Gain Tax Worksheet in the

limitation election, complete Part I and

dividends you elected to include

Form 1040NR instructions, (a) line 3 of

CAUTION

lines 15 through 17 of the AMT Form

on line 4g of AMT Form 4952.

that worksheet is zero, (b) line 5 of that

1116 using regular tax amounts.

worksheet is zero, or (c) line 15 of that

Individuals with capital gain

worksheet is equal to or greater than

If the election does not apply,

distributions only. If you have no

line 16.

complete Part I using only income and

capital gains or losses other than

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On the AMT Schedule D Tax

deductions that are allowed for the

capital gain distributions from box 2a of

Worksheet (Form 1040), (a) line 18 is

AMT and attributable to sources outside

Form(s) 1099-DIV or substitute

zero, (b) line 9 is zero or less, or (c) line

the United States. If you have any

statement(s), you must adjust your

35 is equal to or greater than line 36.

foreign source qualified dividends or

foreign source capital gain distributions

foreign source capital gains (including

Use Worksheet B if you:

if you are required to adjust your

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any foreign source capital gain

Cannot use Worksheet A,

foreign source qualified dividends under

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distributions) or losses, use the

Have foreign source capital gains

the rules just described or you would be

instructions under Step 3 to determine

and losses in no more than two

required to adjust your foreign source

whether you must make adjustments to

separate categories,

qualified dividends if you had any.

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those amounts before you include the

Did not have any item of

To adjust your foreign source capital

amounts on line 1a or line 5 of the AMT

unrecaptured section 1250 gain or 28%

gain distributions, multiply your foreign

Form 1116.

rate gain or loss for the AMT, and

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source capital gain distributions in each

Do not have any capital gains taxed

Step 3. Follow the instructions below,

separate category by 0.5357 if the

at a rate of 0%.

if applicable, to determine the amount

foreign source capital gain distributions

of foreign source qualified dividends,

Instructions for Worksheets A and

are taxed at a rate of 15%. Include the

capital gain distributions, and other

B. When you complete Worksheet A

results on line 1a of the applicable AMT

capital gains and losses to include on

or Worksheet B, use foreign source

Form 1116.

line 1a and line 5 of the AMT Form

capital gains and losses, as refigured

1116.

You adjust your foreign source

for the AMT if necessary, and do not

capital gain distributions taxed at the

use any foreign source capital gains

Foreign qualified dividends. You

0% rate by not including them on line

you elected to include on line 4g of

must adjust your foreign source

1a. Amounts taxed at the 0% rate are

AMT Form 4952. If you are required to

qualified dividends before you include

on line 11 of the Qualified Dividends

complete a Schedule D for the AMT,

those amounts on line 1a of the AMT

and Capital Gain Tax Worksheet in the

use line 16 of that AMT Schedule D to

Form 1116 if:

Form 1040 instructions, line 9 of the

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complete line 3 of Worksheet A or line

Line 52 of Form 6251 is smaller than

Qualified Dividends and Capital Gain

4 of the Line 2 Worksheet for

line 53, and

Tax Worksheet in the Form 1040NR

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Worksheet B. Use 0.5357 instead of

Line 41 of Form 6251 is greater than

instructions, or line 20 of the Schedule

0.4286 to complete lines 11, 13, and 15

zero.

D Tax Worksheet.

of Worksheet B and to complete lines

But you do not need to make any

8, 11, and 17 of the Line 15 Worksheet

Do not adjust the amount of any

adjustments if:

for Worksheet B.

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foreign source capital gain

You qualify for the adjustment

If you do not qualify to use

distributions you elected to

exception under Qualified Dividends

CAUTION

Worksheet A or Worksheet B, use the

include on line 4g of AMT Form 4952.

and Capital Gain Tax Worksheet

instructions for Capital Gains and

(Individuals) or Adjustments to foreign

Individuals with other capital

Losses in Pub. 514 to determine the

qualified dividends under Schedule D

gains or losses. If any capital gain or

adjustments you make.

Filers in the Form 1116 instructions,

loss is different for the AMT, use

and

Step 4. Complete Part II and lines 9

amounts as refigured for the AMT to

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Line 41 of Form 6251 is not more

through 14 of the AMT Form 1116. Use

complete this step. Use Worksheet A in

than $175,000 ($87,500 if married filing

your AMTFTC carryover, if any, on

the instructions for Form 1116 to

separately).

line 10.

determine the adjustments you must

Note. Use your capital gains and

make to your foreign source capital

Step 5. If the simplified limitation

losses as refigured for the AMT to

gains or losses (as refigured for the

election does not apply, complete lines

determine whether your total amounts

AMT) if you have foreign source capital

15 through 17 of the AMT Form 1116.

are less than the $20,000 threshold

gains or losses (as refigured for the

Step 6. If you did not complete Part III

under the adjustment exception.

AMT) in no more than two separate

of Form 6251, enter the amount from

categories and any of the following

line 28 of Form 6251 on line 18 of the

To adjust your foreign source

apply.

AMT Form 1116 and go to Step 7. If

qualified dividends, multiply your

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You are not required to make

you completed Part III of Form 6251,

foreign source qualified dividends in

adjustments to your foreign source

each separate category by 0.5357 if the

you must complete, for the AMT, the

qualified dividends under the rules

foreign source qualified dividends are

Worksheet for Line 18 in the Form 1116

described earlier (or you would not be

taxed at a rate of 15%. Include the

instructions to determine the amount to

required to make those adjustments if

enter on line 18 of the AMT Form 1116

results on line 1a of the applicable AMT

you had foreign source qualified

if:

Form 1116.

dividends).

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Line 52 of Form 6251 is smaller than

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You adjust your foreign source

Line 15 or 16 of the AMT Schedule D

line 53, and

qualified dividends taxed at the 0% rate

(Form 1040) is zero or a loss.

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Line 41 of Form 6251 is greater than

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by not including them on line 1a.

On the AMT Qualified Dividends and

zero.

Amounts taxed at the 0% rate are on

Capital Gain Tax Worksheet in the

line 11 of the Qualified Dividends and

Form 1040 instructions, (a) line 3 of

But you do not need to complete the

Capital Gain Tax Worksheet in the

that worksheet minus the amount on

Worksheet for Line 18 if:

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Form 1040 instructions, line 9 of the

Form 4952, line 4e, that you elected to

You qualify for the adjustment

Qualified Dividends and Capital Gain

include on Form 4952, line 4g, is zero

exception under Qualified Dividends

Tax Worksheet in the Form 1040NR

or less, (b) line 7 of that worksheet is

and Capital Gain Tax Worksheet

instructions, or line 20 of the Schedule

zero, or (c) line 17 of that worksheet is

(Individuals) or Adjustments to foreign

D Tax Worksheet.

equal to or greater than line 18.

qualified dividends under Schedule D

-10-

Instructions for Form 6251 (2011)

Instructions For Form 6251 - 2011 Page 11

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