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3. Enter the amount from Form 8801, line 43, on line 4 of the

Complete lines 2 through 6 of the Qualified Dividends and

worksheet.

Capital Gain Tax Worksheet in the 2011 Instructions for Form

1040.

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

Complete lines 2 through 4 of the Qualified Dividends and

0.2857). Enter the result on line 5 of the worksheet.

Capital Gain Tax Worksheet in the 2011 Instructions for Form

5. Enter the amount from Form 8801, line 41, on line 6 of the

1040NR.

worksheet.

Complete lines 2 through 13 of the Schedule D Tax

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

Worksheet in the 2011 Instructions for Schedule D (Form 1040)

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

or the 2011 Instructions for Schedule D (Form 1041), whichever

applies.

7. Enter the amount from Form 8801, line 40, on line 8 of the

worksheet.

Complete lines 2 through 4 of the Qualified Dividends Tax

Worksheet in the 2011 Instructions for Form 1041.

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

Complete lines 18 through 22 of the 2011 Schedule D (Form

on the worksheet.

1041).

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

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

the 2011 Instructions for Form 1040, line 44; Form 1040NR,

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

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

the MTFTCE Form 1116.

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

Lines 30, 31, and 32

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

Follow the instructions below to figure the amounts to enter on

Form 8801, line 12.

lines 30, 31, and 32 if, for 2011:

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

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

but do not attach them to your tax return.

Tax Worksheet to figure your tax,

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

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

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

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

amount is carried forward and used to figure your MTFTCE next

tax, or

year.

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

Part II—Current Year Nonrefundable

excess (defined later).

and Refundable Credits and

Otherwise, complete lines 30, 31, and 32 following the

instructions for those lines on the form.

Carryforward to 2013

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 2011 Form 1040NR instructions on Form 8801,

Enter any qualified electric vehicle credit not allowed for 2011

lines 30 and 32; skip Form 8801, line 31; and enter on Form

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

8801, line 37, 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 2011

Form 1041 instructions on Form 8801, lines 30 and 32; skip

Line 21

Form 8801, line 31; and enter on Form 8801, line 37, the amount

If line 21 is zero or less, you do not have a nonrefundable or

from line 5 of that worksheet.

refundable credit or a credit carryforward. Do not complete the

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

rest of this form and do not file it.

2011 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 2012 income tax

line 6 of your 2011 Qualified Dividends and Capital Gain Tax

return to figure the amount to enter on line 22.

Worksheet (or line 10 of your 2011 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 30, 31, and 32 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 2011 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-.

2011 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 3. Subtract the result from the

2. Reduce the amount on line 2 of your 2011 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-.

2011 Schedule D Tax Worksheet (but not below zero) by any of

your capital gain excess not used in (1).

Part III—Tax Computation Using

3. Reduce the amount on your 2011 Schedule D (Form

Maximum Capital Gains Rates

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

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

If your 2011 taxable income was zero or less, enter -0- on Form

your 2011 Unrecaptured Section 1250 Gain Worksheet in the

8801, line 37. You also must take one of the following actions,

2011 Instructions for Schedule D (Form 1040).

whichever applies to you, before completing lines 30, 31, and 32

of Part III.

-4-

Instructions for Form 8801 (2012)

Instructions For Form 8801 - Credit For Prior Year Minimum Tax-Individuals, Estates-Trusts - 2012 Page 4

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