6251
Alternative Minimum Tax—Individuals
OMB No. 1545-0074
2012
Form
Information about Form 6251 and its separate instructions is at
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Department of the Treasury
Attachment
32
Internal Revenue Service (99)
Attach to Form 1040 or Form 1040NR.
Sequence No.
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Name(s) shown on Form 1040 or Form 1040NR
Your social security number
Part I
Alternative Minimum Taxable Income (See instructions for how to complete each line.)
1 If filing Schedule A (Form 1040), enter the amount from Form 1040, line 41, and go to line 2. Otherwise,
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enter the amount from Form 1040, line 38, and go to line 7. (If less than zero, enter as a negative amount.)
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- .
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3 Taxes from Schedule A (Form 1040), line 9
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4 Enter the home mortgage interest adjustment, if any, from line 6 of the worksheet in the instructions for this line
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5 Miscellaneous deductions from Schedule A (Form 1040), line 27.
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6 Skip this line. It is reserved for future use .
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7 Tax refund from Form 1040, line 10 or line 21
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8 Investment interest expense (difference between regular tax and AMT).
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9 Depletion (difference between regular tax and AMT)
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10 Net operating loss deduction from Form 1040, line 21. Enter as a positive amount .
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11 (
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11 Alternative tax net operating loss deduction .
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12 Interest from specified private activity bonds exempt from the regular tax
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13 Qualified small business stock (7% of gain excluded under section 1202) .
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14 Exercise of incentive stock options (excess of AMT income over regular tax income) . .
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15 Estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A)
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16 Electing large partnerships (amount from Schedule K-1 (Form 1065-B), box 6) .
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17 Disposition of property (difference between AMT and regular tax gain or loss)
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18 Depreciation on assets placed in service after 1986 (difference between regular tax and AMT)
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19 Passive activities (difference between AMT and regular tax income or loss) .
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20 Loss limitations (difference between AMT and regular tax income or loss) .
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21 Circulation costs (difference between regular tax and AMT) .
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22 Long-term contracts (difference between AMT and regular tax income)
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23 Mining costs (difference between regular tax and AMT)
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24 Research and experimental costs (difference between regular tax and AMT) .
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25 (
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25 Income from certain installment sales before January 1, 1987
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26 Intangible drilling costs preference .
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27 Other adjustments, including income-based related adjustments
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28 Alternative minimum taxable income. Combine lines 1 through 27. (If married filing separately, see
instructions.)
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28
Part II
Alternative Minimum Tax (AMT)
29 Exemption. See instructions .
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30 Subtract line 29 from line 28. If more than zero, go to line 31. If zero or less, enter -0- here and on lines 31,
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33, and 35, and go to line 34 .
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31 • If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter.
• If you reported capital gain distributions directly on Form 1040, line 13; you reported qualified dividends
on Form 1040, line 9b; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040) (as
refigured for the AMT, if necessary), complete Part III on the back and enter the amount from line 54 here.
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• All others: If line 30 is $175,000 or less ($87,500 or less if married filing separately),
multiply line 30 by 26% (.26). Otherwise, multiply line 30 by 28% (.28) and subtract
$3,500 ($1,750 if married filing separately) from the result.
32 Alternative minimum tax foreign tax credit (see instructions) .
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33 Tentative minimum tax. Subtract line 32 from line 31 .
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34 Tax from Form 1040, line 44 (minus any tax from Form 4972 and any foreign tax credit from Form
1040, line 47). If you used Schedule J to figure your tax, the amount from line 44 of Form 1040 must be
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refigured without using Schedule J (see instructions) .
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35 AMT. Subtract line 34 from line 33. If zero or less, enter -0-. Enter here and on Form 1040, line 45 .
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35
6251
For Paperwork Reduction Act Notice, see your tax return instructions.
Cat. No. 13600G
Form
(2012)