Instructions For Form 6251 - Alternative Minimum Tax-Individuals

foreign source capital gains you elected

Filers in the Instructions for Form 1116,

figure your AMTFTC. But don’t attach

to include on line 4g of AMT Form 4952.

and

AMT Forms 1116 if your AMTFTC is the

If you are required to complete a

Line 41 of Form 6251 isn’t more than

same as your regular tax foreign tax

Schedule D for the AMT, use line 16 of

$187,800 ($93,900 if married filing

credit.

that AMT Schedule D to complete line 3

separately or if you checked filing status

of Worksheet A or line 4 of the Line 2

box 3, 4, or 5 on Form 1040NR).

AMTFTC Carryback and

Worksheet for Worksheet B. Use

Note. Use your capital gains and

Carryforward

0.5357 instead of 0.3788 to complete

losses as refigured for the AMT to

If your AMTFTC is limited, the unused

lines 11, 13, and 15 of Worksheet B and

determine whether your total amounts

amount generally may be carried back

to complete lines 8, 11, and 17 of the

are less than the $20,000 threshold

or forward according to section 904(c).

Line 15 Worksheet for Worksheet B.

under the adjustment exception. If you

have any foreign source qualified

If you don’t qualify to use Worksheet

No AMTFTC carryback or carryfor-

dividends or capital gains (or losses),

A or Worksheet B, use the instructions

ward allowed in 2017. If you made the

then you must make the same

for Capital Gains and Losses in Pub.

election to claim the foreign tax credit on

adjustment exception election you

514 to determine the adjustments you

your 2017 Form 1040 (or Form

made in Step 2.

make. When using the instructions in

1040NR) without filing Form 1116, any

Pub. 514 to determine if you must adjust

unused AMTFTC for 2017 can’t be

Instructions for AMT Worksheet

foreign source capital gains and losses,

carried back or forward. In addition, you

for Line 18. If you must complete an

make the following substitutions.

can’t claim any unused AMTFTC from

AMT Worksheet for Line 18 for your

When the amount of any AMT gain is

another year in 2017.

AMT Form 1116, you will use the

in the 15% rate group, multiply it by

Worksheet for Line 18 in the Instructions

For more information about electing

0.5357 instead of 0.3788.

for Form 1116 and do the following.

to claim your foreign tax credit without

When the amount of any AMT gain is

filing Form 1116, see the Instructions for

1. Enter the amount from Form

in the 20% rate group, multiply it by

Form 1116.

6251, line 28, on line 1 of the worksheet.

0.7143 instead of 0.5051.

2. Skip lines 2 and 3 of the

When the amount of any AMT gain is

Simplified Limitation Election

worksheet.

in the 25% rate group, multiply it by

You may elect to use a simplified

0.8929 instead of 0.6313.

3. Enter the amount from Form

section 904 limitation to figure your

When the amount of any AMT gain is

6251, line 60, on line 4 of the worksheet.

AMTFTC. If you do, when figuring your

in the 28% rate group, multiply it by 1.0

4. Multiply line 4 of the worksheet by

AMTFTC, you will use the same net

instead of 0.7071.

0.1071 (instead of 0.3687). Enter the

foreign source income for AMT that you

result on line 5 of the worksheet.

Step 3. Complete Part II and lines 9

used for regular tax. (The amount on

through 17 of the AMT Form 1116. Use

5. Enter the amount from Form

line 17 of your AMT Form 1116 will be

your AMTFTC carryover, if any, on

6251, line 57, on line 6 of the worksheet.

the same as the amount on line 17 of

line 10.

your regular tax Form 1116.) You must

6. Multiply line 6 of the worksheet by

make the election for the first tax year

0.2857 (instead of 0.4949). Enter the

Simplified limitation election. If

after 1997 for which you claim an

result on line 7 of the worksheet.

you previously made or are making the

AMTFTC. If you don’t make the election

simplified limitation election, complete

7. Enter the amount from Form

for that year, you may not make it for a

Part II and lines 9 through 14. Use your

6251, line 54, on line 8 of the worksheet.

later year. Once made, the election

AMTFTC carryover, if any, on line 10.

8. Multiply line 8 of the worksheet by

applies to all later tax years and may be

Skip lines 15 and 16. Enter on your AMT

0.4643 (instead of 0.6212). Enter the

revoked only with IRS consent.

Form 1116, line 17, the same amount

result on line 9 of the worksheet.

you entered on that line for the regular

Line 34

9. Enter the amount from Form

tax.

6251, line 47, on line 10 of the

If you used Schedule J, Income

Step 4. Enter the amount from line 28

Averaging for Farmers and Fishermen,

worksheet.

of Form 6251 on line 18 of the AMT

to figure your tax on Form 1040, line 44

10. Complete lines 11 and 12 of the

Form 1116 unless you must complete

(or Form 1040NR, line 42), you must

worksheet as instructed on the

an AMT Worksheet for Line 18. In most

refigure that tax (including any tax from

worksheet.

cases, you must complete an AMT

Form 8814) without using Schedule J

11. Enter the amount from your AMT

Worksheet for Line 18 if you completed

before completing this line. This is only

Worksheet for Line 18 on your AMT

Part III of Form 6251 and:

for Form 6251; don’t change the amount

Form 1116, line 18.

Line 62 of Form 6251 is smaller than

on Form 1040, line 44 (or Form

line 63, and

1040NR, line 42).

Step 5. Enter the amount from Form

Line 41 of Form 6251 is greater than

6251, line 31, on the AMT Form 1116,

Form 1040NR. If you are filing Form

zero.

line 20. Complete lines 19, 21, and 22 of

1040NR, add Form 1040NR, line 42

But even if you meet the

the AMT Form 1116.

(minus any tax from Form 4972, Tax on

requirements above, you don’t need to

Lump-Sum Distributions) and Form

Step 6. Complete Part IV of the first

complete an AMT Worksheet for

1040NR, line 44. Subtract from the

AMT Form 1116 only.

Line 18 if:

result any foreign tax credit from Form

You qualify for the adjustment

Enter on Form 6251, line 32, the

1040NR, line 46. If you used Schedule J

exception under Qualified Dividends

amount from line 30 of the first AMT

to figure your tax on Form 1040NR,

and Capital Gain Tax Worksheet

Form 1116.

line 42, refigure that tax without using

(Individuals) or Adjustments to foreign

Schedule J before completing Form

Attach to your tax return, after Form

qualified dividends under Schedule D

6251, all AMT Forms 1116 you used to

Instructions for Form 6251 (2017)

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Instructions For Form 6251 - Alternative Minimum Tax-Individuals - 2017 Page 13

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