Schedule I (Form 1041) - Alternative Minimum Tax - Estates And Trusts - 2016 Page 2
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Schedule I (Form 1041) (2017)
Part II
Income Distribution Deduction on a Minimum Tax Basis (continued)
43
Tentative income distribution deduction on a minimum tax basis. Subtract line 31 from line 37.
If zero or less, enter -0- .
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43
44
Income distribution deduction on a minimum tax basis. Enter the smaller of line 42 or line 43.
Enter here and on line 26 .
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44
Part III
Alternative Minimum Tax
45
Exemption amount .
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45
46
46
Enter the amount from line 29 .
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47
Phase-out of exemption amount
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47
48
Subtract line 47 from line 46. If zero or less, enter -0-
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48
49
49
Multiply line 48 by 25% (0.25) .
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50
Subtract line 49 from line 45. If zero or less, enter -0-
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50
51
Subtract line 50 from line 46
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51
52
Go to Part IV of Schedule I to figure line 52 if the estate or trust has qualified dividends or has a
gain on lines 18a and 19 of column (2) of Schedule D (Form 1041) (as refigured for the AMT, if
necessary). Otherwise, if line 51 is—
• $187,800 or less, multiply line 51 by 26% (0.26).
52
• Over $187,800, multiply line 51 by 28% (0.28) and subtract $3,756 from the result .
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53
Alternative minimum foreign tax credit (see instructions)
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53
54
Tentative minimum tax. Subtract line 53 from line 52
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54
55
55
Enter the tax from Form 1041, 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 Form 1041, Schedule G, line 1c
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56
Part IV
Line 52 Computation Using Maximum Capital Gains Rates
Caution: If you didn't complete Part V of Schedule D (Form 1041), the Schedule D Tax Worksheet,
or the Qualified Dividends Tax Worksheet in the Instructions for Form 1041, see the instructions
before completing this part.
57
57
Enter the amount from line 51 .
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58
Enter the amount from Schedule D (Form 1041), line 26, line 13 of the
Schedule D Tax Worksheet, or line 4 of the Qualified Dividends Tax
Worksheet in the Instructions for Form 1041, whichever applies (as
refigured for the AMT, if necessary)
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58
59
Enter the amount from Schedule D (Form 1041), line 18b, column (2) (as
refigured for the AMT, if necessary). If you didn't complete Schedule D
for the regular tax or the AMT, enter -0- .
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59
60
If you didn't 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 amount from line 10 of the
Schedule D Tax Worksheet (as refigured for the AMT, if necessary)
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60
61
Enter the smaller of line 57 or line 60
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61
62
62
Subtract line 61 from line 57
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63
If line 62 is $187,800 or less, multiply line 62 by 26% (0.26). Otherwise, multiply line 62 by 28%
(0.28) and subtract $3,756 from the result .
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▶
63
64
64
Maximum amount subject to the 0% rate
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65
Enter the amount from line 27 of Schedule D (Form 1041), line 14 of the
Schedule D Tax Worksheet, or line 5 of the Qualified Dividends Tax
Worksheet in the Instructions for Form 1041, whichever applies (as
figured for the regular tax). If you didn't complete Schedule D or either
worksheet for the regular tax, enter the amount from Form 1041, line
22; if zero or less, enter -0- .
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65
66
Subtract line 65 from line 64. If zero or less, enter -0-
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66
67
Enter the smaller of line 57 or line 58
67
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68
Enter the smaller of line 66 or line 67. This amount is taxed at 0% .
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68
69
Subtract line 68 from line 67
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69
Schedule I (Form 1041) (2017)
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