Form 6251 - Alternative Minimum Tax - Individuals Page 2
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Form 6251 (2004)
Page
Part III
Tax Computation Using Maximum Capital Gains Rates
36
36
Enter the amount from Form 6251, line 30
37
Enter the amount from line 6 of the Qualified Dividends and Capital Gain Tax
Worksheet in the instructions for Form 1040, line 43, or the amount from line
13 of the Schedule D Tax Worksheet on page D-9 of the instructions for
Schedule D (Form 1040), whichever applies (as refigured for the AMT, if
37
necessary) (see page 8 of the instructions)
38
Enter the amount from Schedule D (Form 1040), line 19 (as refigured for the
38
AMT, if necessary) (see page 8 of the instructions)
If you did not complete a Schedule D Tax Worksheet for the regular tax or
39
the AMT, enter the amount from line 37. Otherwise, add lines 37 and 38, and
enter the smaller of that result or the amount from line 10 of the Schedule
39
D Tax Worksheet (as refigured for the AMT, if necessary)
40
40
Enter the smaller of line 36 or line 39
41
41
Subtract line 40 from line 36
If line 41 is $175,000 or less ($87,500 or less if married filing separately), multiply line 41 by 26% (.26).
42
Otherwise, multiply line 41 by 28% (.28) and subtract $3,500 ($1,750 if married filing separately) from the
42
result
43
Enter:
● $58,100 if married filing jointly or qualifying widow(er),
● $29,050 if single or married filing separately, or
43
● $38,900 if head of household.
44
Enter the amount from line 7 of the Qualified Dividends and Capital Gain Tax
Worksheet in the instructions for Form 1040, line 43, or the amount from line
14 of the Schedule D Tax Worksheet on page D-9 of the instructions for
Schedule D (Form 1040), whichever applies (as figured for the regular tax). If
44
you did not complete either worksheet for the regular tax, enter -0-
45
45
Subtract line 44 from line 43. If zero or less, enter -0-
46
46
Enter the smaller of line 36 or line 37
47
47
Enter the smaller of line 45 or line 46
48
48
Multiply line 47 by 5% (.05)
49
49
Subtract line 47 from line 46
50
50
Multiply line 49 by 15% (.15)
If line 38 is zero or blank, skip lines 51 and 52 and go to line 53. Otherwise, go to line 51.
51
51
Subtract line 46 from line 40
52
52
Multiply line 51 by 25% (.25)
53
53
Add lines 42, 48, 50, and 52
54
If line 36 is $175,000 or less ($87,500 or less if married filing separately), multiply line 36 by 26% (.26).
Otherwise, multiply line 36 by 28% (.28) and subtract $3,500 ($1,750 if married filing separately) from the
54
result
55
Enter the smaller of line 53 or line 54 here and on line 31
55
6251
Form
(2004)
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