Instructions For Form 6251 - Alternative Minimum Tax-Individuals

179 deduction of $9,700 for the AMT.

Special Rule for Holders of a

Form 1040NR. If you are filing Form

You have a section 179 deduction

Residual Interest in a REMIC

1040NR, use the following chart to

carryforward of $300 for the AMT.

figure the amount to enter on line 29.

If you held a residual interest in a real

You include a $700 negative

However, if line 28 is more than the

estate mortgage investment conduit

adjustment on line 27 because your

amount shown for your filing status in

(REMIC) in 2017, the amount you enter

section 179 deduction for the AMT is

the middle column of the chart, use the

on line 28 may not be less than the

$700 greater than your allowable

Exemption Worksheet to figure the

amount on Schedule E, line 38, column

regular tax deduction. In the following

amount to enter on line 29.

(c). If the amount in column (c) is larger

year, when you use the $1,000 regular

than the amount you would otherwise

tax carryforward, you will have a $700

enter on line 28, enter the amount from

IF you check

AND line 28

THEN enter

positive related adjustment for the AMT

filing status

is not over...

on line 29...

column (c) instead and enter “Sch. Q”

because your AMT carryforward is only

box...

on the dotted line next to line 28.

$300.

1 or 2 $

120,700 $

54,300

If your filing status is married filing

Line 28—Alternative Minimum

3, 4, or 5

80,450

42,250

separately, be sure to include the

Taxable Income

additional amount that must be added to

160,900

84,500

If your filing status is married filing

line 28 (as explained above) before you

separately and line 28 is more than

compare line 28 with the amount on

$249,450, you must include an

Schedule E, line 38, column (c).

additional amount on line 28. If line 28 is

Certain Children Under Age 24

Part II—Alternative

$418,450 or more, include an additional

Your exemption amount is limited to the

$42,250. Otherwise, include 25% of the

Minimum Tax

amount of your earned income plus

excess of the amount on line 28 over

$7,500 if condition 1, 2, or 3 below

$249,450. For example, if the amount

Line 29—Exemption Amount

applies to you.

on line 28 is $269,450, enter $274,450

If line 28 is more than the amount shown

1. You were under age 18 at the end

instead—the additional $5,000 is 25%

for your filing status in the middle

of 2017.

of $20,000 ($269,450 minus $249,450).

column of the chart on line 29, see the

2. You were age 18 at the end of

Exemption Worksheet to figure the

2017 and didn’t have earned income

amount to enter on line 29.

that was more than half of your support.

3. You were a full-time student over

Exemption Worksheet—

age 18 and under age 24 at the end of

2017 and did not have earned income

Line 29

Keep for Your Records

that was more than half of your support.

Note. If Form 6251, line 28, is equal to or more than: $337,900 if single or head of household,

If condition 1, 2, or 3 applies to you,

$498,900 if married filing jointly or qualifying widow(er), or $249,450 if married filing separately, your

complete the Exemption Worksheet,

exemption is zero. Don’t complete this worksheet; instead, enter the amount from Form 6251,

including lines 7 through 10, to figure

line 28, on line 30 and go to line 31.

the amount to enter on Form 6251,

1. Enter: $54,300 if single or head of household; $84,500 if married

line 29.

filing jointly or qualifying widow(er); $42,250 if married filing

separately . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

Exception. If you filed a joint return for

2. Enter your alternative minimum taxable

2017 or neither of your parents was

income (AMTI) from Form 6251,

alive at the end of 2017, don’t complete

line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

lines 7 through 10 of the Exemption

3. Enter: $120,700 if single or head of

Worksheet. However, you still must

household; $160,900 if married filing jointly or

complete lines 1 through 6 of the

qualifying widow(er); $80,450 if married filing

worksheet if Form 6251, line 28, is more

separately . . . . . . . . . . . . . . . . . . . . . . . . . . .

than the amount shown for your filing

4. Subtract line 3 from line 2. If zero or less,

status in the middle column of the chart

enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

on line 29 (or the chart earlier in the

5. Multiply line 4 by 25% (0.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

line 29 instructions if you file Form

1040NR).

6. Subtract line 5 from line 1. If zero or less, enter -0-. If any of the

three conditions under Certain Children Under Age 24 apply to

Certain January 1 birthdays. If you

you, complete lines 7 through 10. Otherwise, stop here and

were born on January 1, 2000, you are

▶

enter this amount on Form 6251, line 29, and go to Form 6251,

considered to be 18 at the end of 2017.

line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Your exemption amount is limited only if

7. Minimum exemption amount for certain children under age

you didn’t have earned income that was

$7,500

24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

more than half of your support.

8. Enter your earned income, if any (see instructions) . . . . . . . . . . . 8.

If you were born on January 1, 1999,

you are considered to be 19 at the end

9. Add lines 7 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.

of 2017. Your exemption amount is

▶

10. Enter the smaller of line 6 or line 9 here and on Form 6251,

limited only if you were a full-time

line 29, and go to Form 6251, line 30 . . . . . . . . . . . . . . . . . . . .

10.

student who didn’t have earned income

that was more than half of your support.

-10-

Instructions for Form 6251 (2017)

Instructions For Form 6251 - Alternative Minimum Tax-Individuals - 2017 Page 10

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