Instructions For Form 6251 - Alternative Minimum Tax-Individuals

6251, line 34 (see preceding

steps. If (3) applies, but (1) does not,

Keep the AMT Form 8949, AMT

paragraph).

complete steps 2 through 4 only.

Schedule D, and the applicable

TIP

AMT worksheet for your

Line 35

Step 1. Complete an AMT Form

records, but don’t attach any of them to

8949 or, if applicable, lines 1a and 8a of

If you are filing Form 1040NR, enter the

your tax return.

an AMT Schedule D, by refiguring, for

amount from line 35 on Form 1040NR,

example, your basis for the AMT.

line 43.

Note. Don’t decrease your section

Step 2. Complete lines 1b through

1202 exclusion by the amount, if any, on

Part III—Tax Computation

20 of an AMT Schedule D.

line 13.

Using Maximum Capital

Step 3. Complete lines 2 through 6

Forms 2555 and 2555-EZ. If you are

Gains Rates

of an AMT Qualified Dividends and

filing either of these forms and you have

Capital Gain Tax Worksheet or lines 2

an AMT capital gain excess, you must

Lines 37, 38, and 39

through 13 of an AMT Schedule D

complete Part III of Form 6251 with

Determine if any of the following

Worksheet, whichever applies. (See

certain modifications. To see if you have

statements apply.

line 20 of your AMT Schedule D, if you

an AMT capital gain excess, subtract

completed one, to determine which

1. The gain or loss from any

Form 6251, line 30, from line 6 of your

worksheet applies.)

transaction reported on Form 8949 or

AMT Qualified Dividends and Capital

Schedule D is different for the AMT (for

Gain Tax Worksheet or line 10 of your

Complete line 5 of the AMT Qualified

example, because of a different basis

AMT Schedule D Tax Worksheet,

Dividends and Capital Gain Tax

for the AMT due to depreciation

whichever applies. If the result is greater

Worksheet or lines 3 and 4 of the AMT

adjustments, an incentive stock option

than zero, that amount is your AMT

Schedule D Tax Worksheet, whichever

adjustment, or a different AMT capital

capital gain excess.

applies, using your AMT Form 4952.

loss carryover from 2016).

If you have AMT capital gain excess,

Step 4. Use amounts from the AMT

2. You didn’t complete either the

figure the amounts to enter on lines 37,

Qualified Dividends and Capital Gain

38, and 39 of Form 6251 using the

Tax Worksheet or AMT Schedule D

Tax Worksheet or the Schedule D Tax

following modifications (only for

Worksheet, whichever applies, and the

Worksheet because Form 1040, line 43

purposes of Part III of Form 6251).

AMT Schedule D to complete lines 37,

(or Form 1040NR, line 41), is zero.

1. Reduce the amount you would

38, and 39.

3. You received a Schedule K-1

otherwise enter on line 3 of your AMT

If you filed Form 2555 or Form

(Form 1041) that shows an amount in

Qualified Dividends and Capital Gain

2555-EZ, see

Forms 2555 and

box 12 with code B, C, D, E, or F.

Tax Worksheet or line 9 of your AMT

2555-EZ, later, for additional

Schedule D Tax Worksheet (but not

modifications you may have to make

Then, use the following instructions

below zero) by your AMT capital gain

before entering amounts on lines 37, 38,

that apply to you.

excess.

and 39.

If none of the statements apply, go to

2. Reduce the amount you would

None of the statements

apply, later.

Only statement (2) applies. If (2)

otherwise enter on line 2 of your AMT

If only statement (2) applies, go to

applies, but (1) and (3) do not, complete

Qualified Dividends and Capital Gain

Only statement (2)

applies, later.

the following steps.

Tax Worksheet or line 6 of your AMT

If statement (3) applies (by itself or in

Schedule D Tax Worksheet (but not

combination with statements (1) or (2)),

Step 1. Complete lines 2 through 6

below zero) by any of your AMT capital

go to

Beneficiaries of estates or trusts

of an AMT Qualified Dividends and

gain excess not used in (1).

first, then go to

Statement (1) or (3)

Capital Gain Tax Worksheet or lines 2

applies, later.

through 13 of an AMT Schedule D

3. Reduce the amount on your AMT

For all other situations, go to

Worksheet, whichever applies. (See

Schedule D (Form 1040), line 18, (but

Statement (1) or (3)

applies, later.

line 20 of your Schedule D to determine

not below zero) by your AMT capital

which worksheet applies.)

gain excess.

None of the statements apply. If (1),

Complete line 5 of the AMT Qualified

4. Include your AMT capital gain

(2), or (3) do not apply, then for Part III

Dividends and Capital Gain Tax

excess as a loss on line 16 of your AMT

of these instructions, the AMT versions

Worksheet or lines 3 and 4 of the AMT

Unrecaptured Section 1250 Gain

of your Qualified Dividends and Capital

Schedule D Tax Worksheet, whichever

Worksheet in the Instructions for

Gain Tax Worksheet, Schedule D

applies, using your AMT Form 4952.

Schedule D (Form 1040).

Worksheet, Unrecaptured Section 1250

Gain Worksheet, 28% Rate Gain

Step 2. Use amounts from the AMT

Also see the instructions for line 44.

Worksheet, and Schedule D will be the

Qualified Dividends and Capital Gain

Beneficiaries of estates or trusts. If

same as those you used for regular tax

Tax Worksheet or AMT Schedule D

you received a Schedule K-1 (Form

purposes. Use the regular tax amounts

Worksheet, whichever applies, and the

1041) that shows an adjustment in

to complete lines 37, 38, and 39.

Schedule D you used for regular tax to

box 12, follow the instructions in the

If you filed Form 2555 or Form

complete lines 37, 38, and 39.

following table.

2555-EZ, see

Forms 2555 and

If you filed Form 2555 or Form

2555-EZ, later, for additional

2555-EZ, see

Forms 2555 and

modifications you may have to make

2555-EZ, later, for additional

before entering amounts on lines 37, 38,

modifications you may have to make

and 39.

before entering amounts on lines 37, 38,

and 39.

Statement (1) or (3) applies. If (1)

applies, complete all of the following

-14-

Instructions for Form 6251 (2017)

Instructions For Form 6251 - Alternative Minimum Tax-Individuals - 2017 Page 14

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