Looking for a Form 8801 Templates? Download it for free!

or the 2015 Instructions for Schedule D (Form 1041), whichever

subtract $3,708 ($1,854 if you checked filing status box 3, 4, or 5

applies.

on Form 1040NR for 2015) from the result.

Complete lines 2 through 4 of the Qualified Dividends Tax

Line 34

Worksheet in the 2015 Instructions for Form 1041.

Complete lines 22 through 26 of the 2015 Schedule D (Form

If for 2015 you filed Form 1040NR, enter $37,450 ($74,900 if

1041).

you checked filing status box 6 on Form 1040NR for 2015).

To determine which worksheet or form above applies to you, see

the 2015 Instructions for Form 1040, line 44; Form 1040NR,

Line 35

line 42; or Form 1041, Schedule G, line 1a.

If for 2015 you filed Form 1040NR, enter on Form 8801, line 35,

the amount from line 5 of your 2015 Qualified Dividends and

Lines 28, 29, and 30

Capital Gain Tax Worksheet in the Instructions for Form

Follow the instructions below to figure the amounts to enter on

1040NR, line 42, or the amount from line 14 of your 2015

lines 28, 29, and 30 if, for 2015:

Schedule D Tax Worksheet in the 2015 Instructions for

Schedule D (Form 1040), whichever applies. If you didn't

1. You filed Form 1040NR and didn't use the Schedule D

Tax Worksheet to figure your tax,

complete either worksheet, enter the amount from Form

1040NR, line 41; if zero or less, enter -0-.

2. You filed Form 1041 and didn't use the Schedule D Tax

Worksheet or Part V of Schedule D (Form 1041) to figure your

Forms 2555 and 2555-EZ. If you filed either of these forms for

tax, or

2015 and you didn't complete either the Qualified Dividends and

Capital Gain Tax Worksheet or the Schedule D Tax Worksheet,

3. You filed Form 2555 or 2555-EZ and have a capital gain

enter the amount from line 3 of the Foreign Earned Income Tax

excess (defined later).

Worksheet in the Form 1040 instructions.

Otherwise, complete lines 28, 29, and 30 following the

instructions for those lines on the form.

Line 40

Form 1040NR. If (1) above applies, enter the amount from

If for 2015 you filed Form 1040NR, use the following chart to

line 4 of the Qualified Dividends and Capital Gain Tax

figure the amount to enter on line 40.

Worksheet in the 2015 Form 1040NR instructions on Form 8801,

lines 28 and 30; skip Form 8801, line 29; and enter on Form

IF you checked filing status box...

THEN enter on line 40...

8801, line 35, the amount from line 5 of that worksheet.

Estates and trusts. If (2) above applies, enter the amount from

1 or 2 $

413,200

line 4 of the Qualified Dividends Tax Worksheet in the 2015

3, 4, or 5 $

232,425

Form 1041 instructions on Form 8801, lines 28 and 30; skip

6 $

464,850

Form 8801, line 29; and enter on Form 8801, lines 35 and 42,

the amount from line 5 of that worksheet.

Forms 2555 and 2555-EZ. If you filed either of these forms for

Line 42

2015 and you have a capital gain excess, you must complete

Part III of Form 8801 with certain modifications. To see if you

Follow the instructions below to figure the amount to enter on

have a capital gain excess, subtract Form 8801, line 10, from

line 42.

line 6 of your 2015 Qualified Dividends and Capital Gain Tax

Form 1040. If you didn't complete the 2015 Qualified Dividends

Worksheet (or line 10 of your 2015 Schedule D Tax Worksheet).

and Capital Gain Tax Worksheet or the 2015 Schedule D Tax

If the result is more than zero, that amount is your capital gain

Worksheet, enter the amount from your 2015 Form 1040,

excess.

line 43; if less than zero, enter -0-. If you didn't complete either

If you have a capital gain excess, figure the amounts to enter

2015 worksheet and you filed a 2015 Form 2555 or Form

on lines 28, 29, and 30 of Form 8801 using the following

2555-EZ, enter the amount from line 3 of the Foreign Earned

modifications (only for purposes of Part III of Form 8801).

Income Tax Worksheet in the 2015 Form 1040 instructions.

1. Reduce the amount on line 3 of your 2015 Qualified

Form 1040NR. If you filed a 2015 Form 1040NR, enter the

Dividends and Capital Gain Tax Worksheet or line 9 of your

amount from line 5 of your 2015 Qualified Dividends and Capital

2015 Schedule D Tax Worksheet (but not below zero) by your

Gain Tax Worksheet in the Instructions for Form 1040NR,

capital gain excess.

line 42, or the amount from line 19 of the 2015 Schedule D Tax

2. Reduce the amount on line 2 of your 2015 Qualified

Worksheet in the Instructions for Schedule D (Form 1040),

Dividends and Capital Gain Tax Worksheet or line 6 of your

whichever applies. If you didn't complete either 2015 worksheet,

2015 Schedule D Tax Worksheet (but not below zero) by any of

enter the amount from your 2015 Form 1040NR, line 41; if zero

your capital gain excess not used in (1).

or less, enter -0-.

3. Reduce the amount on your 2015 Schedule D (Form

Line 54

1040), line 18, (but not below zero) by your capital gain excess.

If for 2015 you filed Form 1040NR and Form 8801, line 27, is

4. Include your capital gain excess as a loss on line 16 of

$185,400 or less ($92,700 or less if you checked filing status

your 2015 Unrecaptured Section 1250 Gain Worksheet in the

box 3, 4, or 5 on Form 1040NR for 2015), multiply line 27 by

2015 Instructions for Schedule D (Form 1040).

26% (0.26). Otherwise, multiply line 27 by 28% (0.28) and

Also see the instructions for line 35.

subtract $3,708 ($1,854 if you checked filing status box 3, 4, or 5

on Form 1040NR for 2015) from the result.

Line 33

If for 2015 you filed Form 1040NR and Form 8801, line 32, is

Paperwork Reduction Act Notice. We ask for the information

$185,400 or less ($92,700 or less if you checked filing status

on this form to carry out the Internal Revenue laws of the United

box 3, 4, or 5 on Form 1040NR for 2015), multiply line 32 by

States. You are required to give us the information. We need it to

26% (0.26). Otherwise, multiply line 32 by 28% (0.28) and

ensure that you are complying with these laws and to allow us to

figure and collect the right amount of tax.

-5-

Instructions for Form 8801 (2016)

Instructions For Form 8801 - Credit For Prior Year Minimum Tax-Individuals, Estates-Trusts - 2016 Page 5

Related Articles

Related forms

Related Categories