Instructions For Form 6251 - Alternative Minimum Tax - Individuals

•

Line 42 of Form 6251 is greater than

instructions, or line 19 of the Schedule

Step 5. If the simplified limitation

zero.

D Tax Worksheet.

election does not apply, complete lines

14 through 16 of the AMT Form 1116.

But you do not need to make any

Do not adjust the amount of any

Step 6. If you did not complete Part III

adjustments if:

foreign source capital gain

•

of Form 6251, enter the amount from

You qualify for the adjustment

distributions you elected to

CAUTION

line 29 of Form 6251 on line 17 of the

exception under Qualified Dividends

include on line 4g of AMT Form 4952.

AMT Form 1116 and go to Step 7. If

and Capital Gain Tax Worksheet

Individuals with other capital

you completed Part III of Form 6251,

(Individuals) or Adjustments to foreign

gains or losses. If any capital gain or

you must complete, for the AMT, the

qualified dividends under Schedule D

loss is different for the AMT, use

Worksheet for Line 17 in the Form 1116

Filers in the Form 1116 instructions,

amounts as refigured for the AMT to

instructions to determine the amount to

and

•

complete this step. Use Worksheet A in

enter on line 17 of the AMT Form 1116

Line 42 of Form 6251 is not more

the instructions for Form 1116 to

if:

than $175,000 ($87,500 if married filing

•

determine the adjustments you must

Line 53 of Form 6251 is smaller than

separately).

make to your foreign source capital

line 54, and

•

Note. Use your capital gains and

gains or losses (as refigured for the

Line 42 of Form 6251 is greater than

losses as refigured for the AMT to

AMT) if you have foreign source capital

zero.

determine whether your total amounts

gains or losses (as refigured for the

But you do not need to complete the

are less than the $20,000 threshold

AMT) in no more than two separate

Worksheet for Line 17 if:

under the adjustment exception.

categories and any of the following

•

You qualify for the adjustment

apply.

To adjust your foreign source

exception under Qualified Dividends

•

You are not required to make

qualified dividends, multiply your

and Capital Gain Tax Worksheet

adjustments to your foreign source

foreign source qualified dividends in

(Individuals) or Adjustments to foreign

qualified dividends under the rules

each separate category by 0.5357 if the

qualified dividends under Schedule D

described earlier (or you would not be

foreign source qualified dividends are

Filers in the Form 1116 instructions,

required to make those adjustments if

taxed at a rate of 15%. Include the

and

you had foreign source qualified

•

results on line 1a of the applicable AMT

Line 42 of Form 6251 is not more

dividends).

Form 1116.

than $175,000 ($87,500 if married filing

•

Line 15 or 16 of the AMT Schedule D

separately).

You adjust your foreign source

(Form 1040) is zero or a loss.

•

Note. Use your capital gains and

qualified dividends taxed at the 0% rate

The amount on line 3 of the AMT

losses as refigured for the AMT to

by not including them on line 1a.

Qualified Dividends and Capital Gain

determine whether your total amounts

Amounts taxed at the 0% rate are on

Tax Worksheet (or line 7 of the AMT

are less than the $20,000 threshold

line 10 of the Qualified Dividends and

Schedule D Tax Worksheet) minus the

under the adjustment exception.

Capital Gain Tax Worksheet in the

amount on Form 4952, line 4e, that you

Form 1040 instructions, line 8 of the

elected to include on Form 4952, line

If you do not need to complete the

Qualified Dividends and Capital Gain

4g, is zero or less.

Worksheet for Line 17, enter the

Tax Worksheet in the Form 1040NR

amount from line 29 of Form 6251 on

Use Worksheet B if you:

instructions, or line 19 of the Schedule

•

line 17 of the AMT Form 1116.

Cannot use Worksheet A,

D Tax Worksheet.

•

Have foreign source capital gains

Instructions for AMT Worksheet

and losses in no more than two

Do not adjust the amount of any

for Line 17. Follow these steps to

separate categories,

foreign source qualified

complete, for the AMT, the Worksheet

•

Did not have any item of

dividends you elected to include

for Line 17 in the Form 1116

CAUTION

on line 4g of AMT Form 4952.

unrecaptured section 1250 gain or 28%

instructions.

rate gain or loss for the AMT, and

1. Enter the amount from Form

Individuals with capital gain

•

Do not have any capital gains taxed

6251, line 29, on line 1 of the

distributions only. If you have no

at a rate of 0%.

worksheet.

capital gains or losses other than

2. Skip lines 2 and 3 of the

capital gain distributions from box 2a of

Instructions for Worksheets A and

worksheet.

Form(s) 1099-DIV or substitute

B. When you complete Worksheet A

3. Enter the amount from Form

statement(s), you must adjust your

or Worksheet B, use foreign source

6251, line 51, on line 4 of the

foreign source capital gain distributions

capital gains and losses, as refigured

worksheet.

if you are required to adjust your

for the AMT if necessary, and do not

4. Multiply line 4 of the worksheet

foreign source qualified dividends under

use any foreign source capital gains

by 0.1071 (instead of 0.2857). Enter the

the rules just described or you would be

you elected to include on line 4g of

result on line 5 of the worksheet.

required to adjust your foreign source

AMT Form 4952. If you are required to

5. Enter the amount from Form

qualified dividends if you had any.

complete a Schedule D for the AMT,

6251, line 49, on line 6 of the

use line 16 of that AMT Schedule D to

To adjust your foreign source capital

worksheet.

complete line 3 of Worksheet A or line

gain distributions, multiply your foreign

6. Multiply line 6 of the worksheet

4 of the Line 2 Worksheet for

source capital gain distributions in each

by 0.4643 (instead of 0.5714). Enter the

Worksheet B. Use 0.5357 instead of

separate category by 0.5357 if the

result on line 7 of the worksheet.

0.4286 to complete lines 11, 13, and 15

foreign source capital gain distributions

7. Enter the amount from Form

of Worksheet B and to complete lines

are taxed at a rate of 15%. Include the

6251, line 48, on line 8 of the

8, 11, and 17 of the Line 15 Worksheet

results on line 1a of the applicable AMT

worksheet.

for Worksheet B.

Form 1116.

8. Complete lines 9 and 10 of the

If you do not qualify to use

worksheet as instructed on the

You adjust your foreign source

Worksheet A or Worksheet B, use the

worksheet.

capital gain distributions taxed at the

instructions for Capital Gains and

0% rate by not including them on line

Losses in Pub. 514 to determine the

Step 7. Enter the amount from Form

1a. Amounts taxed at the 0% rate are

adjustments you make.

6251, line 32, on the AMT Form 1116,

on line 10 of the Qualified Dividends

line 19. Complete lines 18, 20, and 21

and Capital Gain Tax Worksheet in the

Step 4. Complete Part II and lines 9

of the AMT Form 1116.

Form 1040 instructions, line 8 of the

through 13 of the AMT Form 1116. Use

Qualified Dividends and Capital Gain

your AMTFTC carryover, if any, on

Step 8. Complete Part IV of the first

Tax Worksheet in the Form 1040NR

line 10.

AMT Form 1116 only.

-10-

Instructions for Form 6251 (2009)

Instructions For Form 6251 - Alternative Minimum Tax - Individuals - 2009 Page 10

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