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additional $5,000 is 25% of $20,000 ($262,450 minus

Worksheet in these instructions to figure the amount to enter on

$242,450).

line 11.

Form 1040NR. If for 2014 you filed Form 1040NR and you

Line 9

reported capital gain distributions directly on Form 1040NR,

Don't enter more than the sum of your 2014 earned income plus

line 14; you reported qualified dividends on Form 1040NR,

$7,250 if you didn't file a joint return for 2014, at least one of your

line 10b; or you had a gain on both lines 15 and 16 of

parents was alive at the end of 2014, and one of the following

Schedule D (Form 1040), complete Part III of Form 8801 and

statements is true.

enter the amount from line 55 on line 11. All others, don't

complete Part III. Instead, if Form 8801, line 10, is $182,500 or

1. You were under age 18 at the end of 2014.

less ($91,250 or less if you checked filing status box 3, 4, or 5 on

2. You were age 18 at the end of 2014 and didn't have

Form 1040NR for 2014), figure the amount to enter on line 11 by

earned income that was more than half of your support.

multiplying line 10 by 26% (0.26). Otherwise, figure the amount

3. You were a full-time student at least age 19 but under age

to enter on line 11 by multiplying line 10 by 28% (0.28) and

24 at the end of 2014 and didn't have earned income that was

subtracting $3,650 ($1,825 if you checked filing status box 3, 4,

more than half of your support.

or 5 for 2014) from the result.

Certain January 1 birthdays. If you were born on January 1,

Line 12

1997, you are considered to be 18 at the end of 2014. The

limitation just described applies to you only if you didn't have

If you made an election to claim the foreign tax credit on your

earned income that was more than half of your support.

2014 Form 1040 (or Form 1040NR) without filing Form 1116,

enter on Form 8801, line 12, the amount from your 2014 Form

If you were born on January 1, 1996, you are considered to

1040, line 48 (or Form 1040NR, line 46). Otherwise, the

be 19 at the end of 2014. The limitation just described applies to

minimum tax foreign tax credit on exclusion items (MTFTCE) is

you only if you were a full-time student who didn't have earned

your 2014 AMT foreign tax credit (AMTFTC) refigured using only

income that was more than half of your support.

exclusion items. Follow these steps to figure your MTFTCE.

If you were born on January 1, 1991, you are considered to

Step 1. Use a separate 2014 Form 1116 for the MTFTCE for

be 24 at the end of 2014. The limitation just described doesn't

each separate category of income specified at the top of Form

apply to you.

1116.

Line 10

When applying the separate categories of income, use the

applicable AMT rate instead of the regular tax rate to determine

If you filed Form 1040NR for 2014 and had a net gain on the

if any income is “high-taxed.”

disposition of U.S. real property interests, line 10 can't be less

than the smaller of that net gain or line 4.

Step 2. If you figured your 2014 AMTFTC using the simplified

limitation election, skip Part I and enter on the MTFTCE Form

Line 11

1116, line 17, the same amount you entered on that line for the

2014 AMT Form 1116. Otherwise, complete Part I using only

If for 2014 you claimed the foreign earned income exclusion,

taxable income and exclusion items that are attributable to

housing exclusion, or housing deduction on Form 2555 or Form

sources outside the United States. If you had any 2014 foreign

2555-EZ, you must use the Foreign Earned Income Tax

Foreign Earned Income Tax Worksheet—Line 11

Keep for Your Records

Before you begin:

If Form 8801, line 10, is zero, don't complete this worksheet.

1. Enter the amount from Form 8801, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2a. Enter the amount from your (and your spouse's if filing jointly) 2014 Form 2555, lines 45

and 50, or 2014 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.

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

4. Tax on the amount on line 3.

If for 2014 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), enter the amount from line 3 of this worksheet on Form

8801, line 27. Complete the rest of Part III of Form 8801. However, before completing Part

III, see

Forms 2555 and

2555-EZ, later, to see if you must complete Part III with certain

modifications. Then enter the amount from Form 8801, line 55, here.

All others: If line 3 is $182,500 or less ($91,250 or less if married filing separately for

2014), multiply line 3 by 26% (0.26). Otherwise, multiply line 3 by 28% (0.28) and subtract

$3,650 ($1,825 if married filing separately for 2014) from the result.

5. Tax on the amount on line 2c. If line 2c is $182,500 or less ($91,250 or less if married filing

separately for 2014), multiply line 2c by 26% (0.26). Otherwise, multiply line 2c by 28% (0.28) and

subtract $3,650 ($1,825 if married filing separately for 2014) from the result . . . . . . . . . . . . . . . .

6. Subtract line 5 from line 4. Enter the result here and on Form 8801, line 11 . . . . . . . . . . . . . . . . .

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Instructions for Form 8801 (2015)

Instructions For Form 8801 - Credit For Prior Year Minimum Tax-Individuals, Estates-Trusts - 2015 Page 2

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