Form 541 - Schedule P - Alternative Minimum Tax And Credit Limitations - Fiduciaries - 1998 Page 2

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Part II Income Distribution Deduction on an Alternative Minimum Tax (AMT) Basis
1 Adjusted alternative minimum taxable income from Part I, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Adjusted tax-exempt interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Net capital gains from Schedule D (541), line 9, column (a). If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . .
3
4 Capital gains allocable to corpus paid or set aside for charitable purposes from Schedule A (541), line 4 . . . . . . . . . .
4
5 Capital gains paid or permanently set aside for charitable purposes from current year’s income.
(See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
(
)
6 Capital gains computed on an alternative minimum tax basis included in Part I, line 8. . . . . . . . . . . . . . . . . . . . .
6
7 Capital losses computed on an alternative minimum tax basis included in Part I, line 8. Enter as a positive amount . . . .
7
8 Distributable net alternative minimum taxable income (DNAMTI). Combine line 1 through line 7. . . . . . . . . . . . . . . .
8
9 Income required to be distributed currently from Schedule B (541), line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Other amounts paid, credited or required to be distributed from Schedule B (541), line 11 . . . . . . . . . . . . . . . . . .
10
11 Total distributions. Add line 9 and line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 Tax-exempt income included on line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 Tentative income distribution deduction. Subtract line 12 from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
14 Tentative income distribution deduction. Subtract line 2 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
15 Income distribution deduction on an alternative minimum tax basis. Enter the smaller of line 13 or line 14 here and on
Part I, line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
Part III Tentative Minimum Tax (TMT) and Alternative Minimum Tax (AMT) Computation
1 Enter the amount from Part I, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Exemption amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
$ 28,630
3 Phase-out of exemption amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
$107,362
4 Subtract line 3 from line 1. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Multiply line 4 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Subtract line 5 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 Subtract line 6 from line 1. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Tentative minimum tax. Multiply line 7 by 7% (.07). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 a Regular tax before credits from Form 541, line 21a. See instructions . . . . . . . . . . .
9a
b IRC Section 644 tax, if any, from Form 541, line 21b . . . . . . . . . . . . . . . . . . .
9b
c Add line 9a and line 9b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9c
10 Alternative minimum tax. Subtract line 9c from line 8. If zero or less, enter -0-. If there are no Part V,
Section C credits, also enter this amount on Form 541, line 26 or Form 109, line 19 . . . . . . . . . . . . . . . . . . . . .
10
If line 8 is more than zero, continue to Part IV.
P54198209
Side 2 Schedule P (541) 1998

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