Form 1041 - U.s. Income Tax Return For Estates And Trusts - 2002 Page 4
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44
Form 1041 (2002)
Page
Part III—Alternative Minimum Tax
45
$22,500
00
45
Exemption amount
46
46
Enter the amount from line 29
$75,000
00
47
47
Phase-out of exemption amount
48
48
Subtract line 47 from line 46. If zero or less, enter -0-
49
49
Multiply line 48 by 25% (.25)
50
50
Subtract line 49 from line 45. If zero or less, enter -0-
51
51
Subtract line 50 from line 46
52
Go to Part IV of Schedule I to figure line 52 if the estate or trust has a gain on lines 15a and 16
of column (2) of Schedule D (Form 1041) (as refigured for the AMT, if necessary). Otherwise, if
line 51 is—
● $175,000 or less, multiply line 51 by 26% (.26).
● Over $175,000, multiply line 51 by 28% (.28) and subtract $3,500 from the result
52
53
53
Alternative minimum foreign tax credit (see page 28 of the instructions)
54
54
Tentative minimum tax. Subtract line 53 from line 52
55
55
Enter the tax from Schedule G, line 1a (minus any foreign tax credit from Schedule G, line 2a)
56
Alternative minimum tax. Subtract line 55 from line 54. If zero or less, enter -0-. Enter here and
on Schedule G, line 1c
56
Part IV—Line 52 Computation Using Maximum Capital Gains Rates
Caution: If the estate or trust did not complete Part V of Schedule D (Form 1041), see page 29 of the instructions before
completing this part.
57
57
Enter the amount from line 51
58
Enter the amount from Schedule D (Form 1041), line 21, or line 9 of
the Schedule D Tax Worksheet, whichever applies (as refigured for
58
AMT, if necessary)
59
Enter the amount from Schedule D (Form 1041), line 15d, column (2)
59
(as refigured for AMT, if necessary)
60
If you did not complete a Schedule D Tax Worksheet for the regular tax or the AMT, enter the
amount from line 58. Otherwise, add lines 58 and 59 and enter the smaller of that result or the
60
amount from line 4 of the Schedule D Tax Worksheet (as refigured for the AMT, if necessary).
61
61
Subtract line 60 from line 57. If zero or less, enter -0-
If line 61 is $175,000 or less, multiply line 61 by 26% (.26). Otherwise, multiply line 61 by 28%
62
62
(.28) and subtract $3,500 from the result
63
Enter the amount from Schedule D (Form 1041), line 26, or line 16 of the Schedule D Tax
63
Worksheet (as figured for the regular tax)
64
64
Enter the smallest of line 57, line 58, or line 63
65
Enter the estate’s or trust’s allocable portion of qualified 5-year gain,
if any, from Schedule D (Form 1041) line 15c, column (2) (as refigured
65
for the AMT, if necessary).
66
66
Enter the smaller of line 64 or line 65
67
67
Multiply line 66 by 8% (.08)
68
68
Subtract line 66 from line 64
69
69
Multiply line 68 by 10% (.10)
70
70
Enter the smaller of line 57 or line 58
71
71
Enter the amount from line 64
72
72
Subtract line 71 from line 70. If zero or less, enter -0-
73
73
Multiply line 72 by 20% (.20)
74
74
Enter the amount from line 57
75
75
Add lines 61, 64, and 72
76
76
Subtract line 75 from line 74
77
77
Multiply line 76 by 25% (.25)
78
78
Add lines 62, 67, 69, 73, and 77
79
If line 57 is $175,000 or less, multiply line 57 by 26% (.26). Otherwise, multiply line 57 by 28% (.28)
79
and subtract $3,500 from the result
Enter the smaller of line 78 or line 79 here and on line 52
80
80
1041
Form
(2002)
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