Instructions For Form 1040 - U.s. Individual Income Tax Return - 2017 Page 45
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107 2017 Form 1040—Lines 45 Through 49
and all of that income and the foreign
Line 45
Line 46
tax paid on it were reported to you on
Form 1099-INT, Form 1099-DIV, or
Alternative Minimum Tax
Excess Advance Premium
Schedule K-1 (or substitute statement).
(AMT)
Tax Credit Repayment
2. The total of your foreign taxes
If you aren't sure whether you owe the
The premium tax credit helps pay premi-
wasn't more than $300 (not more than
AMT, complete the Worksheet To See if
ums for health insurance purchased from
$600 if married filing jointly).
You Should Fill in Form 6251.
the Marketplace. Eligible individuals
3. You held the stock or bonds on
may have advance payments of the pre-
Exception. Fill in Form 6251 instead of
which the dividends or interest were
mium tax credit paid on their behalf di-
using the worksheet if you claimed or
paid for at least 16 days and weren’t ob-
rectly to the insurance company. If you,
received any of the following items.
ligated to pay these amounts to someone
your spouse with whom you are filing a
Accelerated depreciation.
else.
joint return, or your dependent was en-
Tax-exempt interest from private
4. You aren’t filing Form 4563 or
rolled in coverage purchased from the
activity bonds.
excluding income from sources within
Marketplace and advance payments of
Intangible drilling, circulation, re-
Puerto Rico.
the premium tax credit were made for
search, experimental, or mining costs.
5. All of your foreign taxes were:
the coverage, complete Form 8962 to
Amortization of pollution-control
reconcile (compare) the advance pay-
a. Legally owed and not eligible for
facilities or depletion.
ments with your premium tax credit.
a refund or reduced tax rate under a tax
Income or (loss) from tax-shelter
You (or whoever enrolled you) should
treaty, and
farm activities, passive activities, part-
have received Form 1095-A from the
nerships, S corporations, or activities for
b. Paid to countries that are recog-
Marketplace with information about
which you aren't at risk.
nized by the United States and don’t
your coverage and any advance credit
Income from long-term contracts
support terrorism.
payments. If the advance credit pay-
not
figured
using
the
percent-
For more details on these require-
ments were more than the premium tax
age-of-completion method.
ments, see the Instructions for Form
credit you can claim, the amount you
Interest paid on a home mortgage
1116.
must repay will be shown on Form
not used to buy, build, or substantially
8962, line 29. Enter that amount, if any,
Do you meet all five requirements
improve your home.
on Form 1040, line 46.
just listed?
Investment interest expense repor-
ted on Form 4952.
Yes. Enter on line 48 the smaller of
You may have to repay excess ad-
Net operating loss deduction.
(a) your total foreign taxes, or (b) the to-
vance payments of the premium tax
Alternative minimum tax adjust-
tal of the amounts on Form 1040, lines
credit even if someone else enrolled
ments from an estate, trust, electing
44 and 46.
you, your spouse, or your dependent in
large partnership, or cooperative.
Marketplace coverage. In that case, an-
No. See Form 1116 to find out if
Section 1202 exclusion.
other individual may have received the
you can take the credit and, if you can, if
Stock by exercising an incentive
Form 1095-A for the coverage. You also
you have to file Form 1116.
stock option and you didn't dispose of
may have to repay excess advance pay-
the stock in the same year.
Line 49
ments of the premium tax credit if you
Any general business credit claim-
enrolled an individual in coverage
ed on Form 3800 if either line 6 (in Part
Credit for Child and
through the Marketplace, you don’t
I) or line 25 of Form 3800 is more than
claim the individual as a dependent on
Dependent Care Expenses
zero.
your return, and no one else claims that
Qualified electric vehicle credit.
You may be able to take this credit if
individual as a dependent. For more in-
Credit for prior year minimum tax.
you paid someone to care for:
formation, see the Instructions for Form
Foreign tax credit.
Your qualifying child under age 13
8962.
Net qualified disaster loss and you
whom you claim as your dependent,
Line 48
are reporting your standard deduction on
Your disabled spouse or any other
Schedule A, line 28. See the instructions
disabled person who couldn't care for
Foreign Tax Credit
for Form 4684 for more information.
himself or herself, or
Your child whom you couldn't
Form 6251 should be filled in
If you paid income tax to a foreign
claim as a dependent because of the
!
for certain children who are
country or U.S. possession, you may be
rules for Children of divorced or separa-
under age 24 at the end of
able to take this credit. Generally, you
CAUTION
ted parents in the instructions for
2017. See the Instructions for Form
must complete and attach Form 1116 to
line 6c.
6251 for more information.
do so.
For details, use
Tax Topic 602
or see
Exception. You don’t have to complete
For help with the alternative mini-
Form 2441.
Form 1116 to take this credit if all of the
mum tax, go to IRS.gov/AMT.
following apply.
1. All of your foreign source gross
income was from interest and dividends
-45-
Need more information or forms? Visit IRS.gov.
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