Instructions For Form 1040 - Draft Worksheet(S) And Tables - 2008 Page 14

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Worksheet To See if You Should Fill in Form 6251—Line 45
Keep for Your Records
Before you begin:
Be sure you have read the Exception above to see if you must fill in Form 6251 instead of using this
worksheet.
If you are claiming the foreign tax credit (see the instructions for Form 1040, line 50, that begin on page
37), enter that credit on line 50.
1. Are you filing Schedule A?
Skip lines 1 through 3; enter on line 4 the amount from Form 1040, line 38, and go to line 5.
No.
Yes. Enter the amount from Form 1040, line 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
2. Enter the smaller of the amount on Schedule A, line 4, or 2.5% (.025) of the amount on
Form 1040, line 38. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
3. Enter the total of the amounts from Schedule A, lines 9 and 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
4. Add lines 1 through 3 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
5. Enter any tax refund from Form 1040, lines 10 and 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.
6. Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
7. Go to Form 6251, line 29. Enter the amount shown for your filing status in the column under the heading
“THEN enter on line 29” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
8. Is the amount on line 6 more than the amount on line 7?
You do not need to fill in Form 6251.
No.
STOP
Yes. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
9. Enter the amount shown below for your filing status.
Single or head of household — $112,500
}
Married filing jointly or qualifying widow(er) — $150,000
. . . . . . . . . . . . . . . . . . . . . . . . 9.
Married filing separately — $75,000
10. Is the amount on line 6 more than the amount on line 9?
No. Skip lines 10 and 11; enter on line 12 the amount from line 8, and go to line 13.
Yes. Subtract line 9 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.
11. Multiply line 10 by 25% (.25) and enter the smaller of the result or line 7 above . . . . . . . . . . . . . . . . . . 11.
12. Add lines 8 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Is the amount on line 12 more than $175,000 ($87,500 if married filing separately)?
Fill in Form 6251 to see if you owe the alternative minimum tax.
Yes.
STOP
13.
No. Multiply line 12 by 26% (.26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Enter the amount from Form 1040, line 44, minus the total of any tax from Form 4972 and any amount on
Form 1040, line 50. If you used Schedule J to figure your tax, the amount for Form 1040, line 44, must be
refigured without using Schedule J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
Next. Is the amount on line 13 more than the amount on line 14?
Yes. Fill in Form 6251 to see if you owe the alternative minimum tax.
You do not owe alternative minimum tax and do not need to fill in Form 6251. Leave line 45
No.
blank.
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