Schedule K-1 (Form 1041) - Alternative Minimum Tax - Estates And Trusts - 2012 Page 2

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2
Schedule I (Form 1041) (2012)
Page
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
$22,500
00
46
46
Enter the amount from line 29 .
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47
Phase-out of exemption amount
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47
$75,000
00
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% (.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 14a and 15 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).
52
• Over $175,000, multiply line 51 by 28% (.28) and subtract $3,500 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 did not complete Part V of Schedule D (Form 1041), the Schedule D Tax Worksheet,
or the Qualified Dividends Tax Worksheet, see the instructions before completing this part.
57
Enter the amount from line 51 .
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57
58
Enter the amount from Schedule D (Form 1041), line 22, line 13 of the
Schedule D Tax Worksheet, or line 4 of the Qualified Dividends Tax
Worksheet, whichever applies (as refigured for the AMT, if necessary)
58
59
Enter the amount from Schedule D (Form 1041), line 14b, column (2) (as
refigured for the AMT, if necessary). If you did not complete Schedule D
for the regular tax or the AMT, enter -0- .
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59
If you did not complete a Schedule D Tax Worksheet for the regular tax
60
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
61
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62
Subtract line 61 from line 57
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62
63
If line 62 is $175,000 or less, multiply line 62 by 26% (.26). Otherwise, multiply line 62 by 28%
(.28) and subtract $3,500 from the result
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63
64
Maximum amount subject to the 0% rate
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64
$2,400
00
Enter the amount from line 23 of Schedule D (Form 1041), line 14 of the
65
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 did not complete Schedule D or either
worksheet for the regular tax, 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
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68
69
Subtract line 68 from line 67
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69
70
70
Multiply line 69 by 15% (.15)
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If line 59 is zero or blank, skip lines 71 and 72 and go to line 73. Otherwise, go to line 71.
71
Subtract line 67 from line 61
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71
72
72
Multiply line 71 by 25% (.25)
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73
Add lines 63, 70, and 72 .
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73
74
If line 57 is $175,000 or less, multiply line 57 by 26% (.26). Otherwise, multiply line 57 by 28% (.28)
and subtract $3,500 from the result
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74
75
Enter the smaller of line 73 or line 74 here and on line 52 .
75
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Schedule I (Form 1041) (2012)

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