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you completed your regular tax Form 1116 (or you would have

Form 1040. Add the amounts on lines 44 and 46 of Form 1040.

qualified for that adjustment exception if you had completed a

Subtract from the result the total of any credits on lines 48

regular tax Form 1116) for 2014, and

through 54 (not including any credit for prior year minimum tax or

Line 32 of Form 8801 isn't more than $182,500 ($91,250 if

any credit claimed on Form 8912). Enter the result. If the result is

married filing separately for 2014 or if you checked filing status

zero or less, enter -0-.

box 3, 4, or 5 on Form 1040NR for 2014).

Form 1040NR. Add the amounts on lines 42 and 44 of Form

If you don't need to complete the Worksheet for Line 18, enter

1040NR. Subtract from the result the total of any credits on lines

the amount from line 4 of Form 8801 on line 18 of the MTFTCE

46 through 51 (not including any credit for prior year minimum

Form 1116.

tax or any credit claimed on Form 8912). Enter the result. If the

Instructions for MTFTCE Worksheet for Line 18. Follow

result is zero or less, enter -0-.

these steps to complete, for the MTFTCE, the Worksheet for

Form 1041, Schedule G. Add the credits on lines 2a and 2b,

Line 18 in the Form 1116 instructions.

plus any write-in credits on line 2e. Subtract the result from the

1. Enter the amount from Form 8801, line 4, on line 1 of the

total of lines 1a and 1b. Enter the result. If the result is zero or

worksheet.

less, enter -0-.

2. Skip lines 2 and 3 of the worksheet.

Part III—Tax Computation Using

3. Enter the amount from Form 8801, line 51, on line 4 of the

Maximum Capital Gains Rates

worksheet.

4. Multiply line 4 of the worksheet by 0.1071 (instead of

If your 2014 taxable income was zero or less, enter -0- on Form

0.3687). Enter the result on line 5 of the worksheet.

8801, line 35. You also must take one of the following actions,

5. Enter the amount from Form 8801, line 48, on line 6 of the

whichever applies to you, before completing lines 28, 29, and 30

worksheet.

of Part III.

Complete lines 2 through 6 of the Qualified Dividends and

6. Multiply line 6 of the worksheet by 0.2857 (instead of

Capital Gain Tax Worksheet in the 2014 Instructions for Form

0.4949). Enter the result on line 7 of the worksheet.

1040.

7. Enter the amount from Form 8801, line 45, on line 8 of the

Complete lines 2 through 4 of the Qualified Dividends and

worksheet.

Capital Gain Tax Worksheet in the 2014 Instructions for Form

8. Multiply line 8 of the worksheet by 0.4643 (instead of

1040NR.

0.6212). Enter the result on line 9 of the worksheet.

Complete lines 2 through 13 of the Schedule D Tax

9. Enter the amount from Form 8801, line 38, on line 10 of

Worksheet in the 2014 Instructions for Schedule D (Form 1040)

the worksheet.

or the 2014 Instructions for Schedule D (Form 1041), whichever

applies.

10. Complete lines 11 and 12 of the worksheet as instructed

Complete lines 2 through 4 of the Qualified Dividends Tax

on the worksheet.

Worksheet in the 2014 Instructions for Form 1041.

Step 7. Enter the amount from Form 8801, line 11, on the

Complete lines 22 through 26 of the 2014 Schedule D (Form

MTFTCE Form 1116, line 20. Complete lines 19, 21, and 22 of

1041).

the MTFTCE Form 1116.

To determine which worksheet or form above applies to you, see

the 2014 Instructions for Form 1040, line 44; Form 1040NR,

Step 8. Complete Part IV of the first MTFTCE Form 1116 only.

line 42; or Form 1041, Schedule G, line 1a.

Enter the amount from that MTFTCE Form 1116, line 30, on

Form 8801, line 12.

Lines 28, 29, and 30

Step 9. Keep all Forms 1116 you used to figure your MTFTCE,

Follow the instructions below to figure the amounts to enter on

but don't attach them to your tax return.

lines 28, 29, and 30 if, for 2014:

If line 14 of the MTFTCE Form 1116 is greater than line 21 of

1. You filed Form 1040NR and didn't use the Schedule D

the MTFTCE Form 1116, keep a record of the difference. This

Tax Worksheet to figure your tax,

amount is carried forward and used to figure your MTFTCE next

2. You filed Form 1041 and didn't use the Schedule D Tax

year.

Worksheet or Part V of Schedule D (Form 1041) to figure your

Part II—Minimum Tax Credit and

tax, or

Carryforward to 2016

3. You filed Form 2555 or 2555-EZ and have a capital gain

excess (defined later).

Line 20

Otherwise, complete lines 28, 29, and 30 following the

instructions for those lines on the form.

Enter any qualified electric vehicle credit not allowed for 2014

solely because of the limitation under section 30(b)(3)(B) (as in

Form 1040NR. If (1) above applies, enter the amount from

effect prior to the amendment of section 30 by Public Law 111-5,

line 4 of the Qualified Dividends and Capital Gain Tax

the American Recovery and Reinvestment Tax Act of 2009).

Worksheet in the 2014 Form 1040NR instructions on Form 8801,

lines 28 and 30; skip Form 8801, line 29; and enter on Form

Line 21

8801, line 35, the amount from line 5 of that worksheet.

If line 21 is zero or less, you don't have a minimum tax credit or a

Estates and trusts. If (2) above applies, enter the amount from

credit carryforward. Don't complete the rest of this form and don't

line 4 of the Qualified Dividends Tax Worksheet in the 2014

file it.

Form 1041 instructions on Form 8801, lines 28 and 30; skip

Form 8801, line 29; and enter on Form 8801, lines 35 and 42,

Line 22

the amount from line 5 of that worksheet.

Follow the instructions below and refer to your 2015 income tax

Forms 2555 and 2555-EZ. If you filed either of these forms for

return to figure the amount to enter on line 22.

2014 and you have a capital gain excess, you must complete

Part III of Form 8801 with certain modifications. To see if you

-4-

Instructions for Form 8801 (2015)

Instructions For Form 8801 - Credit For Prior Year Minimum Tax-Individuals, Estates-Trusts - 2015 Page 4

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