Instructions For Form 6251 - Alternative Minimum Tax-Individuals

If you were born on January 1, 1994,

distributions directly on Form 1040NR,

Do I need to fill out line 32? Before

you are considered to be 24 at the end

line 14; you reported qualified dividends

figuring your AMTFTC, figure your

of 2017. Your exemption amount isn’t

on Form 1040NR, line 10b; or you had a

foreign tax credit for the regular tax and

limited.

gain on both lines 15 and 16 of

complete Form 1040, line 48, or Form

Schedule D (Form 1040) (as refigured

1040NR, line 46. Next, fill in Form 6251,

Line 8 of the worksheet. Earned

for the AMT, if necessary), complete

line 34, as instructed. If the amount on

income includes wages, tips, and other

Part III of Form 6251 and enter the

line 34 is greater than or equal to the

amounts received for personal services

amount from line 64 on line 31. All other

amount on line 31, do the following.

performed. If you are a sole proprietor or

Form 1040NR filers, don’t complete Part

Leave line 32 blank and enter -0- on

a partner in a trade or business in which

III. Instead, if Form 6251, line 30, is

line 35.

both personal services and capital are

$187,800 or less ($93,900 or less if you

See

Who Must

File, earlier, to find out

material income-producing factors,

checked filing status box 3, 4, or 5 on

if you must attach Form 6251 to your

earned income also includes a

Form 1040NR), figure the amount to

return.

reasonable allowance for compensation

enter on line 31 by multiplying line 30 by

Determine if you can carry back or

for personal services, but not more than

26% (0.26). Otherwise, figure the

carry forward your unused 2017

30% of your share of the net profits from

amount to enter on line 31 by multiplying

AMTFTC. See

AMTFTC Carryback and

that trade or business (after subtracting

line 30 by 28% (0.28) and subtracting

Carryforward, later. If you can carry

the deduction for part of your

$3,756 ($1,878 if you checked filing

back or carry forward your unused 2017

self-employment tax). However, the

status box 3, 4, or 5) from the result.

AMTFTC, you will need to complete

30% limit doesn’t apply if there are no

line 32 for your records.

Line 32—Alternative Minimum

net profits from the trade or business. If

capital isn’t an income-producing factor

If the amount on line 34 is less than

Tax Foreign Tax Credit

and your personal services produced

the amount on line 31, figure your

(AMTFTC)

the business income, all of your gross

AMTFTC and enter it on line 32.

The alternative minimum tax foreign tax

income from the trade or business is

Figuring the AMTFTC. If you made an

credit (AMTFTC) is a credit that you can

considered earned income.

election to claim the foreign tax credit on

claim against the AMT. You will figure

Line 31

your 2017 Form 1040 (or Form

the AMTFTC using the same limitation

1040NR) without filing Form 1116, your

rules that apply to the foreign tax credit

If you claimed the foreign earned

AMTFTC is the same as the foreign tax

for regular tax purposes, but with AMT

income exclusion, housing exclusion, or

credit on Form 1040, line 48 (or Form

amounts. However, you may be able to

housing deduction on Form 2555 or

1040NR, line 46). Enter that amount on

simplify your AMTFTC calculation by

Form 2555-EZ, you must use the

Form 6251, line 32. For more

electing to use some of the same

Foreign Earned Income Tax Worksheet

information about electing to claim your

amounts you used to figure your foreign

in these instructions to figure the

foreign tax credit without filing Form

tax credit. See

Simplified Limitation

amount to enter on line 31.

1116, see the Instructions for Form

Election, later, for more information.

Form 1040NR. If you are filing Form

1116.

1040NR and you reported capital gain

Foreign Earned Income Tax Worksheet—Line 31

Keep for Your Records

Before you begin:

If Form 6251, line 30, is zero, don’t complete this worksheet.

Enter the amount from Form 6251, line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2a. Enter the amount from your (and your spouse's if filing jointly) Form 2555,

lines 45 and 50, or Form 2555-EZ, line 18 . . . . . . . . . . . . . . . . . . . . . . . .

2a.

b. Enter the total amount of any itemized deductions or exclusions you

couldn't claim because they are related to excluded income . . . . . . . . . .

2b.

c. Subtract line 2b from line 2a. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c.

Add lines 1 and 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tax on the amount on line 3.

If you reported capital gain distributions directly on Form 1040, line 13; or 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), enter the amount from line 3 of this worksheet on Form 6251,

line 36. Complete the rest of Part III of Form 6251. However, before completing Part III, see Forms

. 4.

2555 and 2555-EZ, later, to see if you must complete Part III with certain modifications. Then enter the

amount from Form 6251, line 64, here.

All others: If line 3 is $187,800 or less ($93,900 or less if married filing separately), multiply line 3 by

26% (0.26). Otherwise, multiply line 3 by 28% (0.28) and subtract $3,756 ($1,878 if married filing

separately) from the result.

Tax on the amount on line 2c. If line 2c is $187,800 or less ($93,900 or less if married filing separately),

multiply line 2c by 26% (0.26). Otherwise, multiply line 2c by 28% (0.28) and subtract $3,756 ($1,878 if

married filing separately) from the result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Subtract line 5 from line 4. Enter the result here and on Form 6251, line 31 . . . . . . . . . . . . . . . . . . . . . . .

Instructions for Form 6251 (2017)

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Instructions For Form 6251 - Alternative Minimum Tax-Individuals - 2017 Page 11

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