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5. Enter the amount from Form 8801, line 39, on line 6 of the

Complete lines 2 through 13 of the Schedule D Tax

worksheet.

Worksheet in the 2012 Instructions for Schedule D (Form 1040)

or the 2012 Instructions for Schedule D (Form 1041), whichever

6. Multiply line 6 of the worksheet by 0.4643 (instead of

applies.

0.5714). Enter the result on line 7 of the worksheet.

Complete lines 2 through 4 of the Qualified Dividends Tax

7. Enter the amount from Form 8801, line 38, on line 8 of the

Worksheet in the 2012 Instructions for Form 1041.

worksheet.

Complete lines 18 through 22 of the 2012 Schedule D (Form

8. Complete lines 9 and 10 of the worksheet as instructed

1041).

on the worksheet.

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

the 2012 Instructions for Form 1040, line 44; Form 1040NR,

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

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

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

the MTFTCE Form 1116.

Lines 28, 29, and 30

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

Follow the instructions below to figure the amounts to enter on

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

lines 28, 29, and 30 if, for 2012:

Form 8801, line 12.

1. You filed Form 1040NR and did not use the Schedule D

Tax Worksheet to figure your tax,

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

but do not attach them to your tax return.

2. You filed Form 1041 and did not use the Schedule D Tax

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

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

tax, or

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

amount is carried forward and used to figure your MTFTCE next

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

year.

excess (defined later).

Part II—Minimum Tax Credit and

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

instructions for those lines on the form.

Carryforward to 2014

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

line 4 of the Qualified Dividends and Capital Gain Tax

Line 20

Worksheet in the 2012 Form 1040NR instructions on Form 8801,

Enter any qualified electric vehicle credit not allowed for 2012

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

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

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

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

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

the American Recovery and Reinvestment Tax Act of 2009).

line 4 of the Qualified Dividends Tax Worksheet in the 2012

Line 21

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

Form 8801, line 29; and enter on Form 8801, line 35, the amount

If line 21 is zero or less, you do not have a minimum tax credit or

from line 5 of that worksheet.

a credit carryforward. Do not complete the rest of this form and

do not file it.

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

2012 and you have a capital gain excess, you must complete

Line 22

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

have a capital gain excess, subtract Form 8801, line 10, from

Follow the instructions below and refer to your 2013 income tax

line 6 of your 2012 Qualified Dividends and Capital Gain Tax

return to figure the amount to enter on line 22.

Worksheet (or line 10 of your 2012 Schedule D Tax Worksheet).

Form 1040. Subtract from the amount on line 44 the total of any

If the result is more than zero, that amount is your capital gain

credits on lines 47 through 53 (not including any credit for prior

excess.

year minimum tax or any credit claimed on Form 8912). Enter

If you have a capital gain excess, figure the amounts to enter

the result. If the result is zero or less, enter -0-.

on lines 28, 29, and 30 of Form 8801 using the following

Form 1040NR. Subtract from the amount on line 42 the total of

modifications (only for purposes of Part III of Form 8801).

any credits on lines 45 through 50 (not including any credit for

1. Reduce the amount on line 3 of your 2012 Qualified

prior year minimum tax or any credit claimed on Form 8912).

Dividends and Capital Gain Tax Worksheet or line 9 of your

Enter the result. If the result is zero or less, enter -0-.

2012 Schedule D Tax Worksheet (but not below zero) by your

capital gain excess.

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

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

2. Reduce the amount on line 2 of your 2012 Qualified

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

Dividends and Capital Gain Tax Worksheet or line 6 of your

less, enter -0-.

2012 Schedule D Tax Worksheet (but not below zero) by any of

Part III—Tax Computation Using

your capital gain excess not used in (1).

3. Reduce the amount on your 2012 Schedule D (Form

Maximum Capital Gains Rates

1040), line 18, (but not below zero) by your capital gain excess.

If your 2012 taxable income was zero or less, enter -0- on Form

4. Include your capital gain excess as a loss on line 16 of

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

your 2012 Unrecaptured Section 1250 Gain Worksheet in the

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

2012 Instructions for Schedule D (Form 1040).

of Part III.

Line 33

Complete lines 2 through 6 of the Qualified Dividends and

Capital Gain Tax Worksheet in the 2012 Instructions for Form

If for 2012 you filed Form 1040NR and Form 8801, line 32, is

1040.

$175,000 or less ($87,500 or less if you checked filing status

Complete lines 2 through 4 of the Qualified Dividends and

box 3, 4, or 5 on Form 1040NR for 2012), multiply line 32 by

Capital Gain Tax Worksheet in the 2012 Instructions for Form

26% (.26). Otherwise, multiply line 32 by 28% (.28) and subtract

1040NR.

-4-

Instructions for Form 8801 (2013)

Instructions For Form 8801 - Credit For Prior Year Minimum Tax-Individuals, Estates-Trusts - 2013 Page 4

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