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foreign source qualified dividends and

use the refigured amounts to complete

Worksheet A or line 4 of the Line 2

foreign source capital gains and losses

this step.

Worksheet for Worksheet B. Use

to include on line 1a and line 5 of the

0.5357 instead of 0.3788 to complete

To figure the adjustment for the

AMT Form 1116.

lines 11, 13, and 15 of Worksheet B and

estate's or trust's foreign source capital

to complete lines 8, 11, and 17 of the

gains or losses, you must first determine

Foreign qualified dividends. You

Line 15 Worksheet for Worksheet B.

whether you can use Worksheet A or

must adjust the estate's or trust's foreign

Worksheet B in the Instructions for Form

If the estate or trust doesn't qualify to

source qualified dividends before you

1116. Otherwise, you must use the

use Worksheet A or Worksheet B, use

include those amounts on line 1a of the

instructions for Capital Gains and

the instructions for Capital Gains and

AMT Form 1116 if:

Losses in Pub. 514, Foreign Tax Credit

Losses in Pub. 514 to determine the

Line 62 of Schedule I (Form 1041) is

for Individuals, to figure the adjustments

adjustments you make. When using the

greater than zero,

you must make to the estate's or trust's

instructions in Pub. 514 to determine if

Line 83 of Schedule I (Form 1041) is

foreign source capital gains and losses.

you must adjust foreign source capital

smaller than line 84, and

gains and losses, make the following

The exception for foreign qualified

Use Worksheet A if the estate or trust

substitutions.

dividends below doesn't apply.

has foreign source capital gains or

When the amount of any AMT gain is

losses in no more than two separate

But, you don’t need to make any

in the 15% rate group, multiply it by

categories, and any of the following

adjustments if:

0.5357 instead of 0.3788.

apply.

The estate or trust qualifies for the

When the amount of any AMT gain is

You weren't required to make

adjustment exception under Qualified

in the 20% rate group, multiply it by

adjustments to the estate's or trust's

Dividends Tax Worksheet (Estates and

0.7143 instead of 0.5051.

foreign source qualified dividends under

Trusts) or Schedule D Filers in the

When the amount of any AMT gain is

the rules described earlier (or if the

Instructions for Form 1116 and

in the 25% rate group, multiply it by

estate or trust had foreign source

Line 62 of Schedule I (Form 1041)

0.8929 instead of 0.6313.

qualified dividends, you wouldn’t have

isn't more than $187,800.

When the amount of any AMT gain is

been required to make those

in the 28% rate group, multiply it by 1.0

adjustments).

Note. Use the estate's or trust's capital

instead of 0.7071.

Schedule D (Form 1041), line 18a,

gains and losses as refigured for the

column (2) or line 19, column (2), as

AMT to determine whether your total

Step 4. Complete Part II and lines 9

refigured for the AMT if necessary, is

amounts are less than the $20,000

through 14 of the AMT Form 1116. Use

zero or a loss.

threshold under the adjustment

the estate's or trust's AMT foreign tax

On the AMT Schedule D Tax

exception.

credit carryover, if any, on line 10.

Worksheet for Form 1041, a) line 17 is

To adjust foreign source qualified

Step 5. If the simplified limitation

zero, b) line 9 is zero, or c) line 42 is

dividends, multiply the estate's or trust's

election doesn't apply, complete lines

equal to or greater than line 43.

foreign source qualified dividends in

15 through 17 of the AMT Form 1116.

On the AMT Part V of Schedule D

each separate category by 0.5357 if the

(Form 1041), a) line 22 of that AMT Part

Step 6. If you didn't complete Part IV of

foreign source qualified dividends are

V minus the amount on Form 4952,

Schedule I (Form 1041), enter the

taxed at a rate of 15%. Include the

line 4e, that you elected to include on

amount from Schedule I (Form 1041),

results on line 1a of the AMT

Form 4952, line 4g, is zero or less, b)

line 29 on line 18 of the AMT Form 1116

Form 1116.

line 27 of that AMT Part V of Schedule D

and go to Step 7 later.

If they are taxed at a rate of 20%,

(Form 1041) is zero, or c) line 43 of that

If you completed Part IV of

multiply your foreign source qualified

AMT Part V is equal to or greater than

Schedule I (Form 1041), complete an

dividends in each separate category by

line 44.

AMT Worksheet for Line 18 in the

0.7143. Include the results on line 1a of

Use Worksheet B if you:

Instructions for Form 1116 to figure the

the AMT Form 1116.

Can’t use Worksheet A,

amount to enter on Form 1116, line 18,

You adjust the estate's or trust's

Have foreign source capital gains and

if:

foreign source qualified dividends taxed

losses in no more than two separate

Line 62 of Schedule I (Form 1041) is

at the 0% rate by not including them on

categories,

greater than zero, and

line 1a of Form 1116. Amounts taxed at

Didn’t have any item of unrecaptured

Line 83 of Schedule I (Form 1041) is

the 0% rate are on line 8 of the Qualified

section 1250 gain or any item of 28%

smaller than line 84.

Dividends Tax Worksheet in the

rate gain or loss for either regular tax or

But you don’t need to complete the

Instructions for Form 1041, line 30 of

AMT, and

Worksheet for Line 18 if:

Schedule D (Form 1041), or line 19 of

Didn’t have any capital gains taxed at

The estate or trust qualifies for the

the Schedule D Tax Worksheet in the

a rate of 0% or 20%.

adjustment exception discussed in the

Instructions for Schedule D (Form

Instructions for Form 1116 and

Instructions for Worksheets A and

1041).

Line 62 of Schedule I (Form 1041)

B. When you complete Worksheet A or

Don’t adjust the amount of any

isn't more than $187,800.

B, use foreign source capital gains and

foreign source qualified

Note. Use the estate's and trust's

losses as refigured for the AMT, if

dividends you elected to include

capital gains and losses as refigured for

necessary, and don’t use any foreign

CAUTION

on line 4g of the AMT Form 4952.

the AMT to determine if its total amounts

source capital gains that you elected to

are less than the $20,000 threshold

include on line 4g of the AMT Form

Foreign capital gains or losses. If

under the adjustment exception.

4952. If you must complete a

any capital gain or loss from U.S. or

Schedule D (Form 1041) for the AMT,

If you don’t have to complete an AMT

foreign sources is different for the AMT,

use line 19 of that AMT Schedule D

Worksheet for Line 18, enter the amount

(Form 1041) to complete line 3 of

-8-

2017 Instructions for Schedule I (Form 1041)

Instructions For Schedule I (Form 1041) - Alternative Minimum Tax-Estates And Trusts - 2017 Page 8

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