Schedule I (Form 1041) - Alternative Minimum Tax-Estates And Trusts - 2017

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Alternative Minimum Tax—Estates and Trusts
SCHEDULE I
OMB No. 1545-0092
(Form 1041)
2017
Attach to Form 1041.
Department of the Treasury
Go to for instructions and the latest information.
Internal Revenue Service
Name of estate or trust
Employer identification number
Part I
Estate’s or Trust’s Share of Alternative Minimum Taxable Income
1
Adjusted total income or (loss) (from Form 1041, line 17)
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1
2
2
Interest
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3
Taxes .
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3
4
Miscellaneous itemized deductions (from Form 1041, line 15c)
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4
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5
5
Refund of taxes .
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6
Depletion (difference between regular tax and AMT) .
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6
7
Net operating loss deduction. Enter as a positive amount .
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7
8
8
Interest from specified private activity bonds exempt from the regular tax .
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9
9
Qualified small business stock (see instructions) .
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10
Exercise of incentive stock options (excess of AMT income over regular tax income) .
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10
11
Other estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A)
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11
12
12
Electing large partnerships (amount from Schedule K-1 (Form 1065-B), box 6) .
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13
Disposition of property (difference between AMT and regular tax gain or loss)
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13
14
Depreciation on assets placed in service after 1986 (difference between regular tax and AMT) .
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14
15
15
Passive activities (difference between AMT and regular tax income or loss) .
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16
Loss limitations (difference between AMT and regular tax income or loss) .
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16
17
Circulation costs (difference between regular tax and AMT)
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17
18
18
Long-term contracts (difference between AMT and regular tax income)
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19
19
Mining costs (difference between regular tax and AMT) .
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20
Research and experimental costs (difference between regular tax and AMT) .
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20
21 (
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21
Income from certain installment sales before January 1, 1987
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22
22
Intangible drilling costs preference
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23
Other adjustments, including income-based related adjustments
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23
24 (
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24
Alternative tax net operating loss deduction (See the instructions for the limitation that applies.)
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25
25
Adjusted alternative minimum taxable income. Combine lines 1 through 24 .
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Note: Complete Part II below before going to line 26.
26
Income distribution deduction from Part II, line 44
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26
27
27
Estate tax deduction (from Form 1041, line 19)
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28
28
Add lines 26 and 27
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29
Estate’s or trust’s share of alternative minimum taxable income. Subtract line 28 from line 25 .
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29
If line 29 is:
• $24,100 or less, stop here and enter -0- on Form 1041, Schedule G, line 1c. The estate or
trust isn't liable for the alternative minimum tax.
• Over $24,100, but less than $176,850, go to line 45.
• $176,850 or more, enter the amount from line 29 on line 51 and go to line 52.
Part II
Income Distribution Deduction on a Minimum Tax Basis
30
Adjusted alternative minimum taxable income (see instructions) .
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30
31
31
Adjusted tax-exempt interest (other than amounts included on line 8) .
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32
Total net gain from Schedule D (Form 1041), line 19, column (1). If a loss, enter -0-
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32
33
Capital gains for the tax year allocated to corpus and paid or permanently set aside for charitable
purposes (from Form 1041, Schedule A, line 4)
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33
34
Capital gains paid or permanently set aside for charitable purposes from gross income (see
instructions) .
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34
35 (
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35
Capital gains computed on a minimum tax basis included on line 25
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36
36
Capital losses computed on a minimum tax basis included on line 25. Enter as a positive amount
37
Distributable net alternative minimum taxable income (DNAMTI). Combine lines 30 through 36.
If zero or less, enter -0- .
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37
38
38
Income required to be distributed currently (from Form 1041, Schedule B, line 9)
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39
Other amounts paid, credited, or otherwise required to be distributed (from Form 1041, Schedule B, line 10)
39
40
Total distributions. Add lines 38 and 39 .
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40
41
41
Tax-exempt income included on line 40 (other than amounts included on line 8)
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42
42
Tentative income distribution deduction on a minimum tax basis. Subtract line 41 from line 40 .
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For Paperwork Reduction Act Notice, see the Instructions for Form 1041.
Schedule I (Form 1041) (2017)
Cat. No. 51517Q

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