Instructions Draft For Form 1040a - Alternative Minimum Tax Worksheet - 2010 Page 3
ADVERTISEMENT
1
2
3Form 2010 Instructions for Form 1040A — Line 28
Alternative Minimum Tax Worksheet—Line 28
Keep for Your Records
Before you begin:
Figure the tax you would enter on Form 1040A, line 28, if you do not owe this tax.
1. Enter the amount from Form 1040A, line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
2. Enter any amount from Schedule L, line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
3. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
4. Enter the amount shown below for your filing status
}
•
Single or head of household — $33,750
•
Married filing jointly or qualifying
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
widow(er) — $45,000
•
Married filing separately — $22,500
5. Subtract line 4 from line 3. If zero or less, stop here; you do not owe this tax . . . . . . . . . . . . . . . . . . 5.
6. Enter the amount shown below for your filing status.
}
•
Single or head of household — $112,500
•
Married filing jointly or qualifying
. . . . . . . . . . . . . . . . . . . . . . . 6.
widow(er) — $150,000
•
Married filing separately — $75,000
7. Subtract line 6 from line 3. If zero or less, enter -0- here and on line 8, and go to line
9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
8. Multiply line 7 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
9. Add lines 5 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.
10. If line 9 is $175,000 or less ($87,500 or less if married filing separately), multiply
line 9 by 26% (.26). Otherwise, multiply line 9 by 28% (.28) and subtract $3,500
($1,750 if married filing separately) from the result . . . . . . . . . . . . . . . . . . . . . . . . 10.
11. Did you use the Qualified Dividends and Capital Gain Tax Worksheet on page 36
to figure the tax on the amount on Form 1040A, line 27?
No.
Skip lines 11 through 21; enter the amount from line 10 on line 22 and go
to line 23.
Yes. Enter the amount from line 4 of that worksheet . . . . . . . . . . . . . . . . . . . . 11.
12. Enter the smaller of line 9 or line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Subtract line 12 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
14. If line 13 is $175,000 or less ($87,500 or less if married filing separately), multiply line 13 by 26% (.26). Otherwise,
multiply line 13 by 28% (.28) and subtract $3,500 ($1,750 if married filing separately) from the result . . . . . . . . . . . . . 14.
15. Enter the amount shown below for your filing status:
}
•
Single or married filing separately — $34,000
•
Married filing jointly or qualifying widower — $68,000
•
Head of household — $45,550
. . . . . . . . . . 15.
16. Enter the amount from line 5 of the Qualified Dividends and Capital Gain Tax Worksheet on page 36 16.
17. Subtract line 16 from line 15. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.
18. Enter the smaller of line 12 or line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.
19. Subtract line 18 from line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.
20. Multiply line 19 by 15% (.15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.
21. Add lines 14 and 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.
22. Enter the smaller of line 10 or line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.
23. Enter the amount you would enter on Form 1040A, line 28, if you do not owe this tax . . . . . . . . . . . . . . . . . . . . . . . . 23.
24. Alternative minimum tax. Is the amount on line 22 more than the amount on line 23?
No.
You do not owe this tax.
Yes. Subtract line 23 from line 22. Also include this amount in the total on Form 1040A, line 28. Enter “AMT” and
show the amount in the space to the left of line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
M-2
Printed on recycled paper
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial