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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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Adjusted tax-exempt interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Net capital gains from Schedule D (541), line 9, column (a). If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Capital gains allocable to corpus paid or set aside for charitable purposes from Schedule A (541), line 4 . . . . . . . . . . . . . . .

5 Capital gains paid or permanently set aside for charitable purposes from current year’s income.

(See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(

)

6 Capital gains computed on an alternative minimum tax basis included in Part I, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Capital losses computed on an alternative minimum tax basis included in Part I, line 8. Enter as a positive amount . . . . . . . .

8 Distributable net alternative minimum taxable income (DNAMTI). Combine line 1 through line 7 . . . . . . . . . . . . . . . . . . . . . . .

9 Income required to be distributed currently from Schedule B (541), line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 Other amounts paid, credited, or required to be distributed from Schedule B (541), line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 AMT 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ 30,461

2 Exemption amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$114,229

3 Phase-out of exemption amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Subtract line 3 from line 1. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Multiply line 4 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Subtract line 5 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Subtract line 6 from line 1. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Tentative minimum tax. Multiply line 7 by 7% (.07) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Regular tax before credits from Form 541, line 21a. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 Alternative minimum tax. Subtract line 9 from line 8. If zero or less, enter -0-. If there are no Part IV,

Section C credits, also enter this amount on Form 541, line 26, or Form 109, line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Side 2 Schedule P (541) 2000

P54100209