Instructions For Form 6251 - Alternative Minimum Tax-Individuals

AMT. Also keep records of any items

For information on making the

Form 1040NR. If you are filing Form

that you used to figure the AMT that

election, see section 59(e) and

1040NR, enter the amount of all taxes

differ from what you used to figure the

Regulations section 1.59-1. Also see

from Schedule A (Form 1040NR), line 1,

regular tax. For example, you will need

Pub. 535, Business Expenses.

except any generation-skipping transfer

to separately figure and track certain

taxes on income distributions.

Specific Instructions

carrybacks, carryforwards, basis

Line 4—Home Mortgage

amounts, depreciation, and loss

Interest Adjustment

limitation amounts that differ between

If you owe AMT, you may be

the AMT and the regular tax.

able to lower your total tax

Complete the

Home Mortgage Interest

TIP

(regular tax plus AMT) by

Adjustment Worksheet

to figure the

If you refigure an item for AMT by

claiming itemized deductions on Form

amount to enter on this line. The

completing an AMT version of a form or

1040, even if your total itemized

definitions of certain terms used in the

worksheet, keep a copy of that AMT

deductions are less than the standard

worksheet are as follows.

form or worksheet for your records.

deduction. This is because the standard

Eligible mortgage. An eligible

deduction isn’t allowed for the AMT and,

Partners and Shareholders

mortgage is a mortgage whose

if you claim the standard deduction on

If you are a partner in a partnership or a

proceeds were used to buy, build, or

Form 1040, you can’t claim itemized

shareholder in an S corporation, see

substantially improve your main home

deductions for the AMT.

Schedule K-1 and its instructions to

or a second home that is a qualified

figure your adjustments or preferences

dwelling. A mortgage whose proceeds

Part I—Alternative

from the partnership or S corporation to

were used to refinance another

Minimum Taxable Income

include on Form 6251.

mortgage isn’t an eligible mortgage.

(AMTI)

Qualified dwelling. A qualified

Nonresident Aliens

dwelling is any house, apartment,

To avoid duplication, any

If you are a nonresident alien and you

condominium, or mobile home not used

adjustment or preference for

disposed of U.S. real property interests

on a transient basis.

line 5, 19, or 20 or for a tax

at a gain, you must make a special

CAUTION

Family. Family includes only your

shelter farm activity on line 27 must not

computation. Fill in Form 6251 through

brothers and sisters (whether by whole

be taken into account in figuring the

line 30. If your net gain from the

or half blood), your spouse, your

amount to enter for any other

disposition of U.S. real property

adjustment or preference.

ancestors, and your lineal descendants.

interests and the amount on line 28 are

both greater than the tentative amount

Example. In 2017, Dave and

Line 1

you figured for line 30, replace the

Jennifer paid $10,000 in interest on a

amount on line 30 with the smaller of

If Form 1040, line 43, includes a write-in

mortgage they took out to buy their

that net gain or the amount on line 28.

amount (such as a capital construction

home (an eligible mortgage). In May

Also, enter “RPI” on the dotted line next

fund deduction for commercial

2017, they refinanced that mortgage

to line 30. Otherwise, don’t change

fishermen), adjust line 1 by the write-in

and paid $9,000 in interest through the

line 30.

amount.

rest of the year. The balance of the new

mortgage is the same as the balance of

Net qualified disaster loss. If you

Credit for Prior Year

the old mortgage. In July 2017, they

filed Schedule A just to claim an

Minimum Tax

obtained a home equity loan on their

increased standard deduction on Form

home and used the proceeds to buy a

1040 due to a loss you suffered related

See Form 8801, Credit for Prior Year

new car. They paid $5,000 in interest on

to property in a Presidentially declared

Minimum Tax—Individuals, Estates, and

the home equity loan in 2017. They

disaster area, then enter the amount

Trusts, if you paid AMT for 2016 or you

enter the following amounts on the

from Form 1040, line 41, even though it

had a minimum tax credit carryforward

Home Mortgage Interest Adjustment

has been reduced by the standard

on your 2016 Form 8801. If you pay

Worksheet: $24,000 on line 1 ($10,000

deduction, and go to line 7. You will

AMT for 2017, you may be able to take

plus $9,000 plus $5,000), $10,000 on

include the amount of the standard

a credit on Form 8801 for 2018.

line 2, $9,000 on line 3, -0- on line 4,

deduction (before it was increased by

$19,000 on line 5 ($10,000 plus

Optional Write-Off for

any net qualified disaster loss) on

$9,000), and $5,000 on line 6 ($24,000

line 27.

Certain Expenditures

minus $19,000).

Form 1040NR. If you are filing Form

There is no AMT adjustment for the

Line 5—Miscellaneous

1040NR, enter the amount from Form

following items if you elect for the

Deductions

1040NR, line 39. If less than zero, enter

regular tax to deduct them ratably over

as a negative amount.

the period of time shown.

If you are filing Form 1040NR, enter the

Circulation expenditures—3 years

amount from Schedule A (Form

Line 2

(section 173).

1040NR), line 13.

Line 2 is reserved for future use.

Research and experimental

Line 6—Overall Limit on

expenditures—10 years (section

Line 3—Taxes

Itemized Deductions

174(a)).

Enter the amount of all taxes from

Mining exploration and development

If Form 1040, line 38, is over $261,500

Schedule A (Form 1040), line 9, except

costs—10 years (sections 616(a) and

($287,650 if head of household;

any generation-skipping transfer taxes

617(a)).

$313,800 if married filing jointly or

on income distributions.

Intangible drilling costs—60 months

qualifying widow(er); or $156,900 if

(section 263(c)).

married filing separately), enter the

-2-

Instructions for Form 6251 (2017)

Instructions For Form 6251 - Alternative Minimum Tax-Individuals - 2017 Page 2

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