2012 Instructions for Form 6251 - Internal Revenue Service

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					2012                                                                                                    Department of the Treasury
                                                                                                        Internal Revenue Service

Instructions for Form 6251
Alternative Minimum Tax—Individuals
Section references are to the Internal Revenue
Code unless otherwise noted.
                                                 Recordkeeping                                Credit for Prior Year
                                                 For the AMT, certain items of income,        Minimum Tax
                                                 deductions, etc., receive different tax
General Instructions                             treatment than for the regular tax.
                                                                                              See Form 8801, Credit for Prior Year
                                                                                              Minimum Tax—Individuals, Estates, and
                                                 Therefore, you need to refigure items for    Trusts, if you paid AMT for 2011 or you
Future Developments                              the AMT that you figured for the regular     had a minimum tax credit carryforward
For the latest information about                 tax. In some cases, you may wish to do       on your 2011 Form 8801. If you pay
developments related to Form 6251 and            this by completing the applicable tax        AMT for 2012, you may be able to take
its instructions, such as legislation            form a second time. If you do complete       a credit on Form 8801 for 2013.
enacted after they were published, go to         another form, do not attach it to your tax
www.irs.gov/form6251.                            return, but keep it for your records.        Optional Write-Off for
                                                 However, you may have to attach an
                                                                                              Certain Expenditures
What's New                                       AMT Form 1116, Foreign Tax Credit, to
                                                                                              There is no AMT adjustment for the
                                                 your return; see the instructions for
The exemption amount has increased to                                                         following items if you elect for the
                                                 line 32.
$50,600 ($78,750 if married filing jointly                                                    regular tax to deduct them ratably over
or qualifying widow(er); $39,375 if                 For the regular tax, some deductions      the period of time shown.
married filing separately).                      and credits may result in carrybacks or         Circulation expenditures—3 years
                                                 carryforwards to other tax years.            (section 173).
Who Must File                                    Examples are investment interest                Research and experimental
Attach Form 6251 to your return if any of        expense, a net operating loss, a capital     expenditures—10 years (section
the following statements is true.                loss, a passive activity loss, and the       174(a)).
                                                 foreign tax credit. Because you may
   1. Form 6251, line 31, is greater                                                             Mining exploration and development
                                                 have to refigure these items for the
than line 34.                                                                                 costs—10 years (sections 616(a) and
                                                 AMT, the carryback or carryforward
   2. You claim any general business                                                          617(a)).
                                                 amount may be different for the AMT
credit, and either line 6 (in Part I) or                                                         Intangible drilling costs—60 months
                                                 than for the regular tax. Your at-risk
line 25 of any Form 3800 is more than                                                         (section 263(c)).
                                                 limits and basis amounts also may differ
zero.                                            for the AMT. Therefore, you must keep           For information on making the
   3. You claim the qualified electric           records of these different amounts.          election, see section 59(e) and
vehicle credit, the personal use part of                                                      Regulations section 1.59-1. Also see
the alternative fuel vehicle refueling           Partners and Shareholders                    Pub. 535, Business Expenses.
property credit, or the credit for prior         If you are a partner in a partnership or a
year minimum tax.
   4. The total of Form 6251, lines 8
                                                 shareholder in an S corporation, see
                                                 Schedule K-1 and its instructions to         Specific Instructions
through 27, is negative and line 31              figure your adjustments or preferences                 If you owe AMT, you may be
would be greater than line 34 if you did         from the partnership or S corporation to               able to lower your total tax
                                                                                               TIP
not take into account lines 8 through 27.        include on Form 6251.                                  (regular tax plus AMT) by
                                                                                              claiming itemized deductions on Form
Purpose of Form                                  Nonresident Aliens                           1040, even if your total itemized
Use Form 6251 to figure the amount, if           If you are a nonresident alien and you       deductions are less than the standard
any, of your alternative minimum tax             disposed of U.S. real property interests     deduction. This is because the standard
(AMT). The AMT applies to taxpayers              at a gain, you must make a special           deduction is not allowed for the AMT
who have certain types of income that            computation. Fill in Form 6251 through       and, if you claim the standard deduction
receive favorable treatment, or who              line 30. If your net gain from the           on Form 1040, you cannot claim
qualify for certain deductions, under the        disposition of U.S. real property            itemized deductions for the AMT.
tax law. These tax benefits can                  interests and the amount on line 28 are
significantly reduce the regular tax of          both greater than the tentative amount
some taxpayers with higher economic              you figured for line 30, replace the
incomes. The AMT sets a limit on the             amount on line 30 with the smaller of
amount these benefits can be used to             that net gain or the amount on line 28.
reduce total tax.                                Also, enter “RPI” on the dotted line next
                                                 to line 30. Otherwise, do not change
    Also use Form 6251 to help you               line 30.
figure the tax liability limit on the credits
listed under Who Must File.




Jan 07, 2013                                                  Cat. No. 64277P
                                                                                                                       Example. In 2012, Dave and
      Home Mortgage Interest Adjustment                                                                             Jennifer paid $10,000 in interest on a
            Worksheet—Line 4                                                           Keep for Your Records        mortgage they took out to buy their
                                                                                                                    home (an eligible mortgage). In May
 1.       Enter the total of the home mortgage interest you deducted on lines 10
          through 12 of Schedule A (Form 1040) and any mortgage insurance
                                                                                                                    2012, they refinanced that mortgage
          premiums you deducted on line 13 of Schedule A (Form 1040) . . . . . . . . . 1.                           and paid $9,000 in interest through the
 2.       Enter the part, if any, of the interest included on line 1
                                                                                                                    rest of the year. The balance of the new
          above that was paid on an eligible mortgage (defined in                                                   mortgage is the same as the balance of
          the line 4 instructions). Include any mortgage insurance                                                  the old mortgage. In July 2012, they
          premiums included on line 1 above that were paid in                                                       obtained a home equity loan on their
          connection with an eligible mortgage . . . . . . . . . . . . .              2.                            home and used the proceeds to buy a
 3.       Enter the part, if any, of the interest included on line 1                                                new car. They paid $5,000 in interest on
          above that was paid on a mortgage whose proceeds                                                          the home equity loan in 2012. They
          were used in a refinancing (including a second or later                                                   enter the following amounts on the
          refinancing) of an eligible mortgage. Include any                                                         Home Mortgage Interest Adjustment
          mortgage insurance premiums included on line 1 above                                                      Worksheet: $24,000 on line 1 ($10,000
          that were paid in connection with such a mortgage. Do
                                                                                                                    plus $9,000 plus $5,000), $10,000 on
          not include any interest paid on (or any mortgage
          insurance premiums paid in connection with) the part of
                                                                                                                    line 2, $9,000 on line 3, $ -0- on line 4,
          the balance of the new mortgage that exceeded the                                                         $19,000 on line 5 ($10,000 plus
          balance of the original eligible mortgage immediately                                                     $9,000), and $5,000 on line 6 ($24,000
          before it was refinanced (or, if smaller, the balance of                                                  minus $19,000).
          any prior refinanced mortgage immediately before that
          mortgage was refinanced) . . . . . . . . . . . . . . . . . . . .            3.                            Line 5—Miscellaneous
 4.       Enter the part, if any, of the interest included on line 1                                                Deductions
          above that was paid on a mortgage:                                                                        If you are filing Form 1040NR, enter the
          • Taken out before July 1, 1982, and                                                                      amount from Schedule A (Form
          • Secured, at the time the mortgage was taken out, by
                                                                                                                    1040NR), line 13.
          your main home or a qualified dwelling used by you or
          your family (see definitions on this page).                                                               Line 6—Reserved
          Do not include any amount entered on line 2 or line 3
          above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   4.
                                                                                                                    Enter zero on line 6 or leave it blank.
 5.       Add lines 2 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.      Line 7—Refund of Taxes
 6.       Subtract line 5 from line 1 and enter the result on Form 6251, line 4 . . . . . . 6.                      Include any refund from Form 1040,
                                                                                                                    line 10 (or Form 1040NR, line 11), that
Part I—Alternative                                                       Form 1040NR. If you are filing Form        is attributable to state or local income
                                                                                                                    taxes. Also include any refunds
Minimum Taxable Income                                                   1040NR, enter the amount of all taxes
                                                                                                                    received in 2012 and included in income
                                                                         from Schedule A (Form 1040NR), line 1,
(AMTI)                                                                   except any generation-skipping transfer    on Form 1040, line 21, that are
                                                                         taxes on income distributions.             attributable to state or local personal
          To avoid duplication, any
                                                                                                                    property taxes or general sales taxes,
      !   adjustment or preference for                                   Line 4—Home Mortgage                       foreign income taxes, or state, local, or
          line 5, 19, or 20 or for a tax
                                                                         Interest Adjustment                        foreign real property taxes. Enter the
CAUTION

shelter farm activity on line 27 must not
                                                                         Complete the Home Mortgage Interest        total as a negative amount. If you
be taken into account in figuring the
                                                                         Adjustment Worksheet to figure the         include an amount from Form 1040,
amount to enter for any other
                                                                         amount to enter on this line. The          line 21, you must enter a description
adjustment or preference.
                                                                         definitions of certain terms used in the   and the amount next to the entry space
Line 1                                                                   worksheet are as follows.                  for line 7. For example, if you include a
                                                                                                                    refund of real property taxes, enter “real
If Form 1040, line 43, includes a write-in                               Eligible mortgage. An eligible             property” and the amount next to the
amount (such as a capital construction                                   mortgage is a mortgage whose               entry space.
fund deduction for commercial                                            proceeds were used to buy, build, or
fishermen), adjust line 1 by the write-in                                substantially improve your main home       Line 8—Investment Interest
amount.                                                                  or a second home that is a qualified       If you filled out Form 4952, Investment
Form 1040NR. If you are filing Form                                      dwelling. A mortgage whose proceeds        Interest Expense Deduction, for your
1040NR, enter the amount from Form                                       were used to refinance another             regular tax, you will need to fill out a
1040NR, line 39. If less than zero, enter                                mortgage is not an eligible mortgage.      second Form 4952 for the AMT as
as a negative amount.                                                    Qualified dwelling. A qualified            follows.
                                                                         dwelling is any house, apartment,             Step 1. Follow the Form 4952
Line 3—Taxes
                                                                         condominium, or mobile home not used       instructions for line 1, but also include
Enter the amount of all taxes from                                       on a transient basis.                      the following amounts when completing
Schedule A (Form 1040), line 9, except                                                                              line 1.
any generation-skipping transfer taxes                                   Family. Family includes only your
                                                                         brothers and sisters (whether by whole        Any interest expense on Form 6251,
on income distributions.
                                                                         or half blood), your spouse, your          line 4, that was paid or accrued on
   Be sure to include any state and local                                ancestors, and your lineal descendants.    indebtedness attributable to property
general sales taxes from Schedule A,                                                                                held for investment within the meaning
line 5.                                                                                                             of section 163(d)(5) (for example,

                                                                                                    -2-                   Instructions for Form 6251 (2012)
interest on a home equity loan whose         Line 9—Depletion                             the ATNOLD and any domestic
proceeds were invested in stocks or          Refigure your depletion deduction for        production activities deduction. To do
bonds).                                      the AMT. To do so, use only income           this, first figure a tentative amount for
   Any interest that would have been         and deductions allowed for the AMT           line 9 by treating line 11 as if it were
deductible if tax-exempt interest on         when refiguring the limit based on           zero. Next, figure a tentative total of
private activity bonds were includible in    taxable income from the property under       lines 1 through 27 using the tentative
gross income.                                section 613(a) and the limit based on        line 9 amount and treating line 11 as if it
                                             taxable income, with certain                 were zero. Add any domestic
   Step 2. Enter your AMT disallowed                                                      production activities deduction to this
                                             adjustments, under section 613A(d)(1).
investment interest expense from 2011                                                     tentative total. Your ATNOLD is
                                             Also, your depletion deduction for
on line 2. Complete line 3.                                                               limited to 90% of the result.
                                             mines, wells, and other natural deposits
    Step 3. When completing Part II,         under section 611 is limited to the              However, the 90% limit does not
refigure the following amounts, taking       property's adjusted basis at the end of      apply to an ATNOL that is attributable to
into account all adjustments and             the year, as refigured for the AMT,          qualified disaster losses (as defined in
preferences.                                 unless you are an independent                section 172(j)), qualified Gulf
   Gross income from property held for       producer or royalty owner claiming           Opportunity Zone losses (as defined in
investment.                                  percentage depletion for oil and gas         section 1400N(k)(2)), qualified recovery
   Net gain from the disposition of          wells under section 613A(c). Figure this     assistance losses (as defined in Pub.
property held for investment.                limit separately for each property. When     4492-A, Information for Taxpayers
   Net capital gain from the disposition     refiguring the property's adjusted basis,    Affected by the May 4, 2007, Kansas
of property held for investment.             take into account any AMT adjustments        Storms and Tornadoes), qualified
                                             you made this year or in previous years      disaster recovery assistance losses (as
   Investment expenses.
                                             that affect basis (other than current year   defined in Pub. 4492-B, Information for
   Include on line 4a any tax-exempt         depletion).                                  Affected Taxpayers in the Midwestern
interest income from private activity                                                     Disaster Areas), or a 2008 or 2009 loss
                                                 Enter the difference between the
bonds that must be included on Form                                                       that you elected to carry back more than
                                             regular tax and AMT deduction. If the
6251, line 12. If you have any                                                            2 years under section 172(b)(1)(H).
                                             AMT deduction is greater, enter the
investment expenses that would have                                                       Therefore, if an ATNOL that is carried
                                             difference as a negative amount.
been deductible if the interest on the                                                    back or carried forward to the tax year is
bonds were includible in gross income        Line 10—Net Operating Loss                   attributable to any of those losses, the
for the regular tax, you can use them to     Deduction                                    ATNOLD for the tax year is limited to the
reduce the amount on line 4a or include                                                   sum of:
                                             If you are filing Form 1040NR, enter
them on line 5.                                                                               1. The smaller of:
                                             your net operating loss deduction from
   On line 4g, enter the smaller of:         Form 1040NR, line 21, as a positive              a. The sum of the ATNOL
                                             amount.                                      carrybacks and carryforwards to the tax
   1. The amount from line 4g of your
regular tax Form 4952, or                    Line 11—Alternative Tax Net                  year attributable to net operating losses
                                                                                          other than those losses described in 2a
   2. The total of lines 4b and 4e of this   Operating Loss Deduction                     below, or
AMT Form 4952.                               (ATNOLD)                                         b. 90% of AMTI for the tax year
   Step 4. Complete Part III.                The ATNOLD is the sum of the                 (figured without regard to the ATNOLD
                                             alternative tax net operating loss           and any domestic production activities
    Enter on Form 6251, line 8, the          (ATNOL) carrybacks and carryforwards         deduction, as discussed earlier), plus
difference between line 8 of your AMT        to the tax year, subject to the limitation
                                                                                              2. The smaller of:
Form 4952 and line 8 of your regular tax     explained later. Figure your ATNOLD as
Form 4952. If your AMT expense is            follows.                                         a. The sum of the ATNOL
greater, enter the difference as a                                                        carrybacks and carryforwards to the tax
negative amount.                                 Your ATNOL for a loss year is the        year attributable to qualified disaster
                                             excess of the deductions allowed for         losses, qualified Gulf Opportunity Zone
Investment interest expense that is          figuring AMTI (excluding the ATNOLD)         losses, qualified recovery assistance
not an itemized deduction. If you did        over the income included in AMTI.            losses, qualified disaster recovery
not itemize deductions and you had           Figure this excess with the                  assistance losses, and any 2008 or
investment interest expense, do not          modifications in section 172(d), taking      2009 loss that you elected to carry back
enter an amount on Form 6251, line 8,        into account your AMT adjustments and        more than 2 years under section 172(b)
unless you reported investment interest      preferences (that is, the section 172(d)     (1)(H), or
expense on Schedule E, Supplemental          modifications must be separately
Income and Loss (Form 1040). If you                                                           b. 100% of AMTI for the tax year
                                             figured for the ATNOL). For example,         (figured without regard to the ATNOLD
did, follow the steps above for              the limitation of nonbusiness deductions
completing Form 4952. Allocate the                                                        and any domestic production activities
                                             to the amount of nonbusiness income          deduction, as discussed earlier)
investment interest expense allowed on       must be separately figured for the
line 8 of the AMT Form 4952 in the                                                        reduced by the amount determined
                                             ATNOL, using only nonbusiness income         under (1).
same way you did for the regular tax.        and deductions that are included in
Enter on Form 6251, line 8, the              AMTI.                                          Enter on line 11 the smaller of the
difference between the amount allowed                                                     ATNOLD or the ATNOLD limitation.
on Schedule E for the regular tax and            Your ATNOLD may be limited. To
the amount allowed on Schedule E for         figure the ATNOLD limitation, you must         Any ATNOL not used may be carried
the AMT.                                     first figure your AMTI without regard to     back 2 years or forward up to 20 years

Instructions for Form 6251 (2012)                               -3-
(15 years for loss years beginning           Line 13—Qualified Small                        to a substantial risk of forfeiture. You did
before 1998). In some cases, the             Business Stock                                 not pay anything for the ISO. You did
carryback period is longer than 2 years;                                                    not sell the acquired stock during 2012.
for details, see Pub. 536.                   If you claimed the exclusion under             You received a Form 3921 that shows
                                             section 1202 for gain on qualified small       $10 in box 3 (the exercise price you
   The treatment of ATNOLs does not          business stock held more than 5 years,         paid for each share), $25 in box 4 (the
affect your regular tax NOL.                 multiply the excluded gain (as shown on        fair market value of each share), and
                                             Form 8949 in column (g)) by 7% (.07).          100 shares in box 5. To figure your
         Since ATNOLs arising in loss        Enter the result on line 13 as a positive
         years beginning before 1998                                                        adjustment, multiply the amount in
  !
 CAUTION can be carried forward no more
                                             amount.                                        box 4, $25, by the 100 shares in box 5.
than 15 years, you cannot carry forward      Line 14—Exercise of Incentive                  The result is $2,500, the fair market
to 2012 an ATNOL from a loss                 Stock Options                                  value of all the shares. Then multiply the
beginning before 1997.                                                                      amount in box 3, $10, by the 100 shares
                                             For the regular tax, no income is              in box 5. The result is $1,000, the
                                             recognized when an incentive stock             amount you paid for all the shares. Your
Note. If you elected under section           option (ISO), as defined in section            adjustment is $1,500 ($2,500 − $1,000).
172(b)(3) to forgo the carryback period      422(b), is exercised. However, this rule       Enter it on Form 6251, line 14.
for the regular tax, the election also       does not apply for the AMT. Instead,
                                             you generally must include on line 14          Line 16—Large Partnerships
applies for the AMT.
                                             the excess, if any, of:                        If you were a partner in an electing large
Line 12—Interest From Private                   1. The fair market value of the stock       partnership, enter the amount from
Activity Bonds                               acquired through exercise of the option        Schedule K-1 (Form 1065-B), box 6.
Enter on line 12 interest you earned on      (determined without regard to any lapse        Take into account any amount from
“specified private activity bonds”           restriction) when your rights in the           box 5 on Form 6251, line 19.
reduced (but not below zero) by any          acquired stock first become transferable
                                                                                            Line 17—Disposition of
deduction that would have been               or when these rights are no longer
                                             subject to a substantial risk of forfeiture,   Property
allowable if the interest were includible
in gross income for the regular tax. Each    over                                           Your AMT gain or loss from the
payer of this type of interest should           2. The amount you paid for the              disposition of property may be different
send you a Form 1099-INT showing the         stock, including any amount you paid for       from your gain or loss for the regular tax.
amount of this interest in box 9.            the ISO used to acquire the stock.             This is because the property may have
                                                                                            a different adjusted basis for the AMT.
   Generally, the term “specified private       Even if your rights in the stock are not    Use this line to report any AMT
activity bond” means any private activity    transferable and are subject to a              adjustment resulting from refiguring:
bond (as defined in section 141) the         substantial risk of forfeiture, you may            1. Gain or loss from the sale,
interest on which is not includible in       elect to include in AMT income the             exchange, or involuntary conversion of
gross income for the regular tax, if the     excess of the stock's fair market value        property reported on Form 4797, Sales
bond was issued after August 7, 1986.        (determined without regard to any lapse        of Business Property;
But specified private activity bonds         restriction) over the exercise price upon
generally do not include any bonds           the transfer to you of the stock acquired          2. Casualty gain or loss to business
issued in 2009 or 2010. See section          through exercise of the option. You            or income-producing property reported
57(a)(5) for other exceptions and more       must make the election by the 30th day         on Form 4684, Casualties and Thefts;
details.                                     after the date of the transfer. See Pub.           3. Ordinary income from the
                                             525, Taxable and Nontaxable Income,            disposition of property not already taken
  Do not include interest on qualified       for more details.                              into account in (1) or (2) or on any other
Gulf Opportunity Zone bonds or                                                              line on Form 6251, such as a
qualified Midwestern disaster area              If you acquired stock by exercising
                                             an ISO and you disposed of that stock in       disqualifying disposition of stock
bonds.                                                                                      acquired in a prior year by exercising an
                                             the same year, the tax treatment under
   Exempt-interest dividends paid by a       the regular tax and the AMT is the             incentive stock option; and
mutual fund or other regulated               same, and no adjustment is required.               4. Capital gain or loss (including any
investment company are treated as                                                           carryover that is different for the AMT)
                                                Increase your AMT basis in any stock
interest income on specified private                                                        reported on Form 8949, Sales and
                                             acquired through the exercise of an ISO
activity bonds to the extent the                                                            Other Dispositions of Capital Assets, or
                                             by the amount of the adjustment. Keep
dividends are attributable to interest on                                                   Schedule D (Form 1040), Capital Gains
                                             adequate records for both the AMT and
the bonds received by the company,                                                          and Losses.
                                             regular tax so that you can figure your
minus an allocable share of the              adjustment. See the instructions for              First figure any ordinary income
expenses paid or incurred by the             line 17.                                       adjustment related to (3) above. Then,
company in earning the interest. This                                                       refigure Form 4684, Form 4797, Form
amount should be reported to you on          Form 3921. If you received a Form              8949, and Schedule D for the AMT, if
Form 1099-DIV in box 11.                     3921, it may help you figure your              applicable, by taking into account any
   If you are filing Form 8814, Parents'     adjustment.                                    adjustments you made this year or in
Election To Report Child's Interest and        Example. You exercised an ISO to             previous years that affect your basis or
Dividends, any tax-exempt interest           acquire 100 shares of stock in 2012.           otherwise result in a different amount for
income from line 1b of that form that is a   Your rights in the acquired stock first        the AMT.
preference item must be included on          became transferable on the date you
this line.                                   exercised the ISO and were not subject

                                                                 -4-                              Instructions for Form 6251 (2012)
    If you have a capital loss after         AMT, Ash has a long-term capital loss       What Depreciation Must Be
refiguring Schedule D for the AMT,           of $40,000 ($60,000 minus his AMT           Refigured for the AMT?
apply the $3,000 capital loss limitation     basis of $100,000).
separately to the AMT loss. Because                                                      Generally, you must refigure
                                                Ash has no other sales of stock or       depreciation for the AMT, including
the amount of your gains and losses          other capital assets for 2012. Ash enters
may be different for the AMT, the                                                        depreciation allocable to inventory
                                             a total negative adjustment of $118,000     costs, for:
amount of any capital loss carryover         on line 17 of his 2012 Form 6251,
also may be different for the AMT. See                                                      Property placed in service after 1998
                                             figured as follows:
the following example. To figure your                                                    that is depreciated for the regular tax
                                                Ash figures a negative adjustment of     using the 200% declining balance
AMT capital loss carryover, fill out an      $65,000 for the difference between the
AMT Capital Loss Carryover Worksheet                                                     method (generally 3-, 5-, 7-, and
                                             $65,000 of regular tax ordinary income      10-year property under the modified
in the Schedule D instructions.              and the $0 of AMT ordinary income for       accelerated cost recovery system
    For each of the four items listed        the first sale.                             (MACRS), except for qualified property
earlier, figure the difference between the      For the regular tax, Ash has $50,000     eligible for the special depreciation
amount included in taxable income for        capital gain net income from the second     allowance (discussed later));
the regular tax and the amount included      sale. For the AMT, Ash has a $25,000           Section 1250 property placed in
in income for the AMT. Treat the             short-term capital loss from the first      service after 1998 that is not
difference as a negative amount if (a)       sale, and a $40,000 long-term capital       depreciated for the regular tax using the
both the AMT and regular tax amounts         loss from the second sale, resulting in a   straight line method; and
are zero or more and the AMT amount is       net capital loss of $65,000 for the AMT.
                                                                                            Tangible property placed in service
less than the regular tax amount or (b)      However, only $3,000 of the $65,000
                                                                                         after 1986 and before 1999. (If the
the AMT amount is a loss, and the            net capital loss is allowed for 2012 for
                                                                                         transitional election was made under
regular tax amount is a smaller loss or is   the AMT. The difference between the
                                                                                         section 203(a)(1)(B) of the Tax Reform
zero or more.                                regular tax gain of $50,000 and the
                                                                                         Act of 1986, this rule applies to property
                                             $3,000 loss allowed for the AMT results
   Enter on line 17 the combined                                                         placed in service after July 31, 1986.)
                                             in a $53,000 negative adjustment to
adjustments for the four items listed
                                             include on line 17.
earlier.                                                                                 What Depreciation Is Not
                                                Ash has an AMT capital loss
    Example. On March 13, 2011,              carryover from 2012 to 2013 of $62,000,     Refigured for the AMT?
Victor Ash, whose filing status is single,   of which $22,000 is short-term and          Do not refigure depreciation for the AMT
paid $20,000 to exercise an incentive        $40,000 is long-term. If he has no other    for the following.
stock option (which was granted to him       Form 8949 or Schedule D transactions           Residential rental property placed in
on January 3, 2010) to buy 200 shares        for 2013, his adjustment reported on his    service after 1998.
of stock worth $200,000. The $180,000        2013 Form 6251 would be limited to             Nonresidential real property with a
difference between his cost and the          ($3,000), the amount of his capital loss    class life of 27.5 years or more placed in
value of the stock at the time he            limitation for 2013.                        service after 1998 that is depreciated for
exercised the option is not taxable for
                                                                                         the regular tax using the straight line
the regular tax. His regular tax basis in    Line 18—Post-1986
                                                                                         method.
the stock at the end of 2011 is $20,000.     Depreciation
For the AMT, however, Ash must                                                              Other section 1250 property placed in
                                             This section describes when                 service after 1998 that is depreciated for
include the $180,000 as an adjustment
                                             depreciation must be refigured for the      the regular tax using the straight line
on his 2011 Form 6251. His AMT basis
                                             AMT and how to figure the amount to         method.
in the stock at the end of 2011 is
                                             enter on line 18.                              Property (other than section 1250
$200,000.
                                                 Do not use line 18 for depreciation     property) placed in service after 1998
    On January 18, 2012, Ash sold 100                                                    that is depreciated for the regular tax
of the shares for $75,000. Because Ash       related to the following.
                                                Employee business expenses               using the 150% declining balance
did not hold these shares more than 1                                                    method or the straight line method.
year, that sale is a disqualifying           claimed on line 21 of Schedule A (Form
                                             1040) or line 7 of Schedule A (Form            Property for which you elected to use
disposition. For the regular tax, Ash has                                                the alternative depreciation system
ordinary income of $65,000 ($75,000          1040NR). You should have already
                                             taken this adjustment into account on       (ADS) of section 168(g) for the regular
minus his $10,000 basis in the 100                                                       tax.
shares). Ash has no capital gain or loss     line 5 when you entered on that line the
                                             total of your miscellaneous itemized           Qualified property that is or was
for the regular tax resulting from the
                                             deductions.                                 eligible for a special depreciation
sale. For the AMT, Ash has no ordinary
                                                Passive activities. Take this            allowance if the depreciable basis of the
income, but has a short-term capital
                                             adjustment into account on line 19.         property for the AMT is the same as for
loss of $25,000 ($75,000 minus his
                                                An activity for which you are not at     the regular tax. This applies to any
$100,000 AMT basis in the 100 shares).
                                             risk. Take this adjustment into account     special depreciation allowance,
    On April 21, 2012, Ash sold the other                                                including those for qualified disaster
100 shares for $60,000. Because he           on line 20.
                                                                                         assistance property, qualified reuse and
held the shares for more than 1 year            Income or loss from a partnership or
                                                                                         recycling property, qualified cellulosic
and more than 2 years had passed             an S corporation if the basis limitations
                                                                                         biofuel plant property, qualified New
since the option was granted to him, the     apply. Take this adjustment into account
                                                                                         York Liberty Zone property, qualified
sale is not a disqualifying disposition.     on line 20.
                                                                                         Gulf Opportunity Zone property, and
For the regular tax, Ash has a long-term        A tax shelter farm activity. Take this
                                                                                         Kansas disaster area qualified recovery
capital gain of $50,000 ($60,000 minus       adjustment into account on line 27.
                                                                                         assistance property. The special
his regular tax basis of $10,000). For the

Instructions for Form 6251 (2012)                               -5-
allowance is deductible for the AMT,              For property other than section 1250            Because the two adjustments above
and there also is no adjustment required          property, use the 150% declining             are from the passive activity and are not
for any depreciation figured on the               balance method, switching to straight        allowed for the AMT, you must first
remaining basis of the qualified property         line the first tax year it gives a larger    reduce the passive activity loss by those
if the depreciable basis of the property          deduction. For section 1250 property,        amounts. The result is a passive activity
for the AMT is the same as for the                use the straight line method.                loss for the AMT of $3,400. You then
regular tax. Property for which an                                                             enter this amount on the AMT Form
election is in effect to not have the             How Is the AMT Class Life                    8582 and refigure the allowable passive
special allowance apply is not qualified                                                       activity loss for the AMT.
                                                  Determined?
property.
                                                  The class life used for the AMT is not                The amount of any AMT
    Any part of the cost of any property
                                                  necessarily the same as the recovery          TIP     passive activity loss that is not
for which you elected to take a section
                                                  period used for the regular tax. The                  deductible and is carried
179 expense deduction. The reduction
                                                  class lives for the AMT are listed in Rev.   forward is likely to differ from the regular
to the depreciable basis of section 179
                                                  Proc. 87-56, 1987-2 C.B. 674, and in         tax amount, if any. Therefore, keep
property by the amount of the section
                                                  Pub. 946, How To Depreciate Property.        adequate records for both the AMT and
179 expense deduction is the same for
                                                  Use 12 years for any tangible personal       regular tax.
the regular tax and the AMT.
    Motion picture films, videotapes, or          property not assigned a class life.
                                                                                                  Enter the difference between the
sound recordings.                                          See Pub. 946 for tables that        amount that would be reported for the
    Property depreciated under the                 TIP can be used to figure AMT               activity on Schedule C, C-EZ, E, or F or
unit-of-production method or any other                     depreciation. Rev. Proc. 89-15,     Form 4835, Farm Rental Income and
method not expressed in a term of                 1989-1 C.B. 816, has special rules for       Expenses, for the AMT and the regular
years.                                            short years and for property disposed of     tax amount. If (a) the AMT loss is more
    Indian reservation property that              before the end of the recovery period.       than the regular tax loss, (b) the AMT
meets the requirements of section                                                              gain is less than the regular tax gain, or
168(j).                                                                                        (c) you have an AMT loss and a regular
    Qualified revitalization expenditures         How Is the Adjustment Figured?
                                                                                               tax gain, enter the adjustment as a
for which you elected to claim the                Subtract the AMT deduction for               negative amount.
commercial revitalization deduction               depreciation from the regular tax
under section 1400I.                              deduction and enter the result. If the          Enter any adjustment for amounts
    A natural gas gathering line placed in        AMT deduction is more than the regular       reported on Form 8949, Schedule D,
service after April 11, 2005.                     tax deduction, enter the difference as a     Form 4684, or Form 4797 for the activity
                                                  negative amount.                             on line 17 instead of line 19. See the
                                                                                               instructions for line 17.
How Is Depreciation Refigured for
the AMT?                                             In addition to the AMT adjustment to
                                                  your deduction for depreciation, you         Publicly Traded Partnership (PTP)
Property placed in service before                 must also adjust the amount of               If you had a loss from a PTP, refigure
1999. Refigure depreciation for the               depreciation that was capitalized, if any,   the loss using any AMT adjustments
AMT using ADS, with the same                      to account for the difference between        and preferences and any AMT prior
convention used for the regular tax. See          the rules for the regular tax and the        year unallowed loss.
the following table for the method and            AMT. Include on this line the current
recovery period to use.                           year adjustment to taxable income, if
                                                                                               Tax Shelter Passive Farm
                                                  any, resulting from the difference.
   Property Placed in Service Before 1999                                                      Activities
                                                  Line 19—Passive Activities                   Refigure any gain or loss from a tax
 IF the property is...   THEN use the...
                                                  Refigure your passive activity gains and     shelter passive farm activity taking into
 section 1250 property   straight line method     losses for the AMT by taking into
                         over 40 years.
                                                                                               account all AMT adjustments and
                                                  account all adjustments and                  preferences and any AMT prior year
 tangible property        straight line method    preferences and any AMT prior year           unallowed losses. If the amount is a
 (other than section      over the property's     unallowed losses that apply to that          gain, include it on the AMT Form 8582.
 1250 property)           AMT class life.         activity. You may fill out a second Form     If the amount is a loss, do not include it
 depreciated using                                8582, Passive Activity Loss Limitations,
 straight line method for
                                                                                               on the AMT Form 8582. Carry the loss
                                                  and the other forms or schedules on          forward to 2013 to see if you have a
 the regular tax
                                                  which your passive activities are            gain or loss from tax shelter passive
 any other tangible      150% declining           reported, to determine your passive          farm activities for 2013.
 property                balance method,          activity loss allowed for the AMT, but do
                         switching to straight
                                                  not file the second set of forms and
                         line method the first                                                 Insolvency
                         tax year it gives a
                                                  schedules with your tax return.
                                                                                               If at the end of the tax year your
                         larger deduction, over      Example. You are a partner in a
                                                                                               liabilities exceed the fair market value of
                         the property's AMT       partnership and the Schedule K-1 (Form
                         class life.                                                           your assets, increase your passive
                                                  1065) you received shows the following.
                                                                                               activity loss allowed by that excess (but
                                                     A passive activity loss of $4,125,        not by more than your total loss). See
                                                     A depreciation adjustment of $500 on      section 58(c)(1).
Property placed in service after                  post-1986 property, and
1998. Use the same convention and                    An adjustment of $225 on the
recovery period used for the regular tax.         disposition of property.

                                                                      -6-                            Instructions for Form 6251 (2012)
Line 20—Loss Limitations                        described in section 460(b) to                years for the AMT. Enter the difference
For passive activities, see the line 19         determine your income from any                between the regular tax and AMT
instructions instead. For tax shelter farm      long-term contract (defined in section        deduction. If the AMT deduction is
activities (that are not passive), see the      460(f)). However, this rule does not          greater, enter the difference as a
line 27 instructions.                           apply to any home construction contract       negative amount.
                                                (as defined in section 460(e)(6)). For
   Refigure your gains and losses from          contracts excepted from the                       If you had a loss on property for
activities for which you are not at risk        percentage-of-completion method for           which research and experimental costs
and basis limitations applicable to             the regular tax by section 460(e)(1), you     have not been fully amortized for the
partnerships and S corporations by              must use the simplified procedures for        AMT, your AMT deduction is the smaller
taking into account all AMT adjustments         allocating costs outlined in section          of (a) the loss allowable for the costs
and preferences that apply. See                 460(b)(3) to determine the percentage         had they remained capitalized or (b) the
sections 59(h), 465, 704(d), and                of completion.                                remaining costs to be amortized for the
1366(d).                                                                                      AMT.
                                                   Enter the difference between the
   Enter the difference between the
                                                AMT and regular tax income. If the AMT
                                                                                              Line 25—Installment Sales
amount that would be reported for the                                                         The installment method does not apply
                                                income is smaller, enter the difference
activity on Schedule C, C-EZ, E, or F or                                                      for the AMT to any nondealer
                                                as a negative amount.
Form 4835 for the AMT and the regular                                                         disposition of property after August 16,
tax amount. If (a) the AMT loss is more         Note. If you are required to use the          1986, but before January 1, 1987, if an
than the regular tax loss, (b) the AMT          percentage-of-completion method for           installment obligation to which the
gain is less than the regular tax gain, or      either the regular tax or the AMT, you        proportionate disallowance rule applied
(c) you have an AMT loss and a regular          may owe or be entitled to a refund of         arose from the disposition. Enter the
tax gain, enter the adjustment as a             interest for the tax year the contract is     amount of installment sale income
negative amount.                                completed or adjusted. For details, see       reported for the regular tax as a
   The AMT amount of any gain or loss           Form 8697, Interest Computation Under         negative amount on line 25.
from activities for which you are not at        the Look-Back Method for Completed
risk is likely to differ from the regular tax   Long-Term Contracts.
                                                                                              Line 26—Intangible Drilling
amount. Your AMT basis in partnerships                                                        Costs (IDCs)
and S corporations is also likely to differ
                                                Line 23—Mining Costs
                                                                                                        Do not make this adjustment
from your regular tax basis. Therefore,                   Do not make this adjustment                   for costs for which you elected
keep adequate records for both the
                                                   !      for costs for which you elected
                                                                                                !       the optional 60-month write-off
AMT and regular tax.
                                                                                               CAUTION
                                                 CAUTION  the optional 10-year write-off      for the regular tax.
   Enter any adjustment for amounts             for the regular tax.
reported on Form 8949, Schedule D,                                                            IDCs from oil, gas, and geothermal
                                                Mining exploration and development            wells are a preference to the extent that
Form 4684, or Form 4797 for the activity        costs deducted in full for the regular tax
on line 17 instead of line 20.                                                                the excess IDCs are more than 65% of
                                                in the tax year they were paid or             the net income from the wells. Figure
Line 21—Circulation Costs                       incurred must be capitalized and              the preference for all oil and gas
                                                amortized over 10 years for the AMT.          properties separately from the
         Do not make this adjustment            Enter the difference between the regular      preference for all geothermal properties.
   !     for costs for which you elected        tax and AMT deduction. If the AMT
 CAUTION the optional 3-year write-off for      deduction is greater, enter the               Excess IDCs. Figure excess IDCs as
the regular tax.                                difference as a negative amount.              follows.
Circulation costs (expenditures to                 If you had a loss on property for            Step 1. Determine the amount of
establish, maintain, or increase the            which mining costs have not been fully        your IDCs allowed for the regular tax
circulation of a newspaper, magazine,           amortized for the AMT, your AMT               under section 263(c), but do not include
or other periodical) deducted in full for       deduction is the smaller of (a) the loss      any section 263(c) deduction for
the regular tax in the year they were           allowable for the costs had they              nonproductive wells.
paid or incurred must be capitalized and        remained capitalized or (b) the                  Step 2. Subtract the amount that
amortized over 3 years for the AMT.             remaining costs to be amortized for the       would have been allowed had you
Enter the difference between the regular        AMT.                                          amortized these IDCs over a 120-month
tax and AMT deduction. If the AMT                                                             period starting with the month the well
deduction is greater, enter the                 Line 24—Research and
                                                                                              was placed in production. If you prefer
difference as a negative amount.                Experimental Costs                            not to use the 120-month period, you
    If you had a loss on property for                     Do not make this adjustment         can elect to use any method that is
which circulation costs have not been                     for costs paid or incurred in       permissible in determining cost
fully amortized for the AMT, your AMT              !
                                                 CAUTION  connection with an activity in      depletion.
deduction is the smaller of (a) the loss        which you materially participated under       Net income. Determine net income by
allowable for the costs had they                the passive activity rules or for costs for   reducing the gross income that you
remained capitalized or (b) the                 which you elected the optional 10-year        received or accrued during the tax year
remaining costs to be amortized for the         write-off for the regular tax.                from all oil, gas, and geothermal wells
AMT.
                                                Research and experimental costs               by the deductions allocable to those
Line 22—Long-Term Contracts                     deducted in full for the regular tax in the   wells (reduced by the excess IDCs).
For the AMT, you generally must use             tax year they were paid or incurred must      When refiguring net income, use only
the percentage-of-completion method             be capitalized and amortized over 10

Instructions for Form 6251 (2012)                                   -7-
income and deductions allowed for the         Patron's Adjustment                              Enter any adjustment for amounts
AMT.                                                                                        reported on Form 8949, Schedule D,
                                              Distributions you received from a
                                                                                            Form 4684, or Form 4797 for the activity
Exception. The preference for IDCs            cooperative may be includible in
                                                                                            on line 17 instead of line 27.
from oil and gas wells does not apply to      income. Unless the distributions are
taxpayers who are independent                 nontaxable, include on line 27 the total
producers (that is, not integrated oil        AMT patronage dividend adjustment             Charitable Contributions of Certain
companies as defined in section 291(b)        reported to you by the cooperative, such      Property
(4)). However, this benefit may be            as on Form 1099-PATR.                         If you made a charitable contribution of
limited. First, figure the IDC preference                                                   property to which section 170(e) applies
as if this exception did not apply. Then,     Pollution Control Facilities                  and you had a different basis for AMT
for purposes of this exception, complete                                                    purposes, you may have to make an
Form 6251 through line 27, including the      The section 169 election to amortize the
                                              basis of a certified pollution control        adjustment. See section 170(e) for
IDC preference and treating line 11 as if                                                   details.
it were zero, and combine lines 1             facility over a 60-month or 84-month
through 27. If the amount of the IDC          period is not available for the AMT. For
preference exceeds 40% of the total of        facilities placed in service before 1999,     Alcohol and Cellulosic Biofuel
lines 1 through 27 (figured as described      figure the AMT deduction using ADS.           Fuels Credit and Biodiesel and
in the preceding sentence), enter the         For facilities placed in service after        Renewable Diesel Fuels Credit
excess on line 26 (your benefit from this     1998, figure the AMT deduction under
                                              MACRS using the straight line method.         If your taxable income includes an
exception is limited). Otherwise, do not                                                    amount from the alcohol and cellulosic
enter an amount on line 26 (your benefit      Enter the difference between the regular
                                              tax and AMT deduction. If the AMT             biofuel fuels credit or the biodiesel and
from this exception is not limited).                                                        renewable diesel fuels credit under
                                              amount is greater, enter the difference
Line 27—Other Adjustments                     as a negative amount.                         section 87, include that amount as a
Enter on line 27 the total of any other                                                     negative amount on line 27.
adjustments that apply to you, including      Tax Shelter Farm Activities
the following.                                                                              Related Adjustments
                                              Figure this adjustment only if you have a
                                              gain or loss from a tax shelter farm          If you have an entry on line 8 because
Depreciation Figured Using                    activity (as defined in section 58(a)(2))     you deducted investment interest
Pre-1987 Rules                                that is not a passive activity. If the        allocable to an interest in a trade or
                                              activity is passive, you must include it      business, or on line 9, 13, 14, or 16
This preference generally only applies                                                      through 26, or you have any amount
to property placed in service after 1987,     with your other passive activities on
                                              line 19.                                      included on line 27 from pre-1987
but depreciated using pre-1987 rules                                                        depreciation, patron's adjustment,
due to transitional provisions of the Tax         Refigure all gains and losses you         pollution control facilities, or tax shelter
Reform Act of 1986.                           reported for the regular tax from tax         farm activities, you may have to refigure
                                              shelter farm activities by taking into        any item of income or deduction based
   For the AMT, you must use the
                                              account any AMT adjustments and               on a limit of income other than AGI or
straight line method to figure
                                              preferences. Determine your tax shelter       modified AGI.
depreciation on real property for which
accelerated depreciation was                  farm activity gain or loss for the AMT
                                              using the same rules you used for the             Affected items include the following.
determined using pre-1987 rules. Use a
                                              regular tax with the following                   Section 179 expense deduction
recovery period of 19 years for 19-year
                                              modifications.                                ( Form 4562, Depreciation and
real property and 15 years for
                                                 No refigured loss is allowed, except       Amortization, line 12).
low-income housing. For leased
personal property other than recovery         to the extent you are insolvent (see             Expenses for business or rental use
property, enter the amount by which           section 58(c)(1)).                            of your home.
your regular tax depreciation using the          Do not use a refigured loss in the            Conservation expenses ( Schedule F,
pre-1987 rules exceeds the                    current tax year to offset gains from         line 12).
depreciation allowable using the straight     other tax shelter farm activities. Instead,      Taxable IRA distributions ( Form
line method. For leased 10-year               suspend any refigured loss and carry it       1040, line 15b, or Form 1040NR,
recovery property and leased 15-year          forward indefinitely until (a) you have a     line 16b), if prior year IRA deductions
public utility property, enter the amount     gain in a subsequent tax year from that       were different for the AMT and the
by which your regular tax depreciation        same activity or (b) you dispose of the       regular tax.
exceeds the depreciation allowable            activity.                                        Self-employed health insurance
using the straight line method with a                                                       deduction ( Form 1040, line 29, or Form
                                                 Enter the difference between the           1040NR, line 29).
half-year convention, no salvage value,
                                              amount that would be reported for the            Self-employed SEP, SIMPLE, and
and a recovery period of 15 years (22
                                              activity on Schedule E or F or Form           qualified plans deduction ( Form 1040,
years for 15-year public utility property).
                                              4835 for the AMT and the regular tax          line 28, or Form 1040NR, line 28).
   Figure the excess of the regular tax       amount. If (a) the AMT loss is more than         IRA deduction ( Form 1040, line 32,
depreciation over the AMT depreciation        the regular tax loss, (b) the AMT gain is     or Form 1040NR, line 32), affected by
separately for each property and include      less than the regular tax gain, or (c) you    the earned income limitation of section
on line 27 only positive amounts.             have an AMT loss and a regular tax            219(b)(1)(B).
                                              gain, enter the adjustment as a negative
                                              amount.                                         Figure the difference between the
                                                                                            AMT and regular tax amount for each

                                                                  -8-                             Instructions for Form 6251 (2012)
item. Combine the amounts for all your                                 You have a section 179 deduction                    Special Rule for Holders of a
related adjustments and include the                                    carryforward of $300 for the AMT.                   Residual Interest in a REMIC
total on line 27. Keep a copy of all                                      You include a $700 negative
computations for your records, including                                                                                   If you held a residual interest in a real
                                                                       adjustment on line 27 because your                  estate mortgage investment conduit
any AMT carryover and basis amounts.                                   section 179 deduction for the AMT is                (REMIC) in 2012, the amount you enter
         Do not include on line 27 any                                 $700 greater than your allowable                    on line 28 may not be less than the
         adjustment for an item you                                    regular tax deduction. In the following             amount on Schedule E, line 38, column
   !
 CAUTION refigured on another line of this                             year, when you use the $1,000 regular               (c). If the amount in column (c) is larger
form (for example, line 9).                                            tax carryforward, you will have a $700              than the amount you would otherwise
                                                                       positive related adjustment for the AMT             enter on line 28, enter the amount from
   Example. On your Schedule C                                         because your AMT carryforward is only               column (c) instead and enter “Sch. Q”
(Form 1040) you have a net profit of                                   $300.                                               on the dotted line next to line 28.
$9,000 before figuring your section 179
deduction. You do not report any other                                 Line 28—Alternative Minimum
                                                                                                                              If your filing status is married filing
business income on your return. During                                 Taxable Income                                      separately, be sure to include the
the year, you purchased an asset for                                   If your filing status is married filing             additional amount that must be added to
$10,000 for which you elect to take the                                separately and line 28 is more than                 line 28 (as explained above) before you
section 179 deduction. You also have                                   $232,500, you must include an                       compare line 28 with the amount on
an AMT depreciation adjustment of                                      additional amount on line 28. If line 28 is         Schedule E, line 38, column (c).
$700 for other assets depreciated on                                   $390,000 or more, include an additional
your Schedule C.                                                       $39,375. Otherwise, include 25% of the              Part II—Alternative
                                                                       excess of the amount on line 28 over
   Your section 179 deduction for the
                                                                       $232,500. For example, if the amount                Minimum Tax
regular tax is limited to your net profit
(before any section 179 deduction) of                                  on line 28 is $252,500, enter $257,500              Line 29—Exemption Amount
$9,000. The $1,000 excess is a section                                 instead—the additional $5,000 is 25%
179 deduction carryforward for the                                     of $20,000 ($252,500 minus $232,500).
regular tax.                                                                                                                IF your filing   AND line 28 THEN enter
   For the AMT, your net profit is                                                                                          status is ...    is not over ... on line 29 ...
$9,700, and you are allowed a section                                                                                       Single or head $112,500          $50,600
179 deduction of $9,700 for the AMT.                                                                                        of household
                                                                                                                            Married filing   150,000         78,750
                                                                                                                            jointly or
Exemption Worksheet—                                                                                                        qualifying
                                                                                                                            widow(er)
Line 29                                                                               Keep for Your Records
                                                                                                                            Married filing   75,000          39,375
 Note. If Form 6251, line 28, is equal to or more than: $314,900 if single or head of household,                            separately
 $465,000 if married filing jointly or qualifying widow(er), or $232,500 if married filing separately, your
 exemption is zero. Do not complete this worksheet; instead, enter the amount from Form 6251,                                 If line 28 is more than the amount
 line 28, on line 30 and go to line 31.                                                                                    shown for your filing status in the middle
   1. Enter: $50,600 if single or head of household; $78,750 if married                                                    column of the table above, see the
      filing jointly or qualifying widow(er); $39,375 if married filing                                                    Exemption Worksheet to figure the
      separately . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         1.            amount to enter on line 29.
   2. Enter your alternative minimum taxable
      income (AMTI) from Form 6251,                                                                                        Certain Children Under Age 24
      line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2.                                               Your exemption amount is limited to the
   3. Enter: $112,500 if single or head of                                                                                 amount of your earned income plus
      household; $150,000 if married filing jointly or                                                                     $6,950 if condition 1, 2, or 3 below
      qualifying widow(er); $75,000 if married filing                                                                      applies to you.
      separately . . . . . . . . . . . . . . . . . . . . . . . . . .      3.                                                  1. You were under age 18 at the end
   4. Subtract line 3 from line 2. If zero or less,                                                                        of 2012.
      enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . .   4.
                                                                                                                              2. You were age 18 at the end of
   5. Multiply line 4 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 5.            2012 and did not have earned income
   6. Subtract line 5 from line 1. If zero or less, enter -0-. If any of the                                               that was more than half of your support.
      three conditions under Certain Children Under Age 24 apply to                                                           3. You were a full-time student over
      you, complete lines 7 through 10. Otherwise, stop here and                                                           age 18 and under age 24 at the end of
      enter this amount on Form 6251, line 29, and go to Form 6251,
      line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
                                                                                                      ▶      6.
                                                                                                                           2012 and did not have earned income
                                                                                                                           that was more than half of your support.
   7. Minimum exemption amount for certain children under age
      24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7.   $6,950   If condition 1, 2, or 3 applies to you,
                                                                                                                           complete the Exemption Worksheet,
   8. Enter your earned income, if any (see instructions) . . . . . . . . . .                                8.            including lines 7 through 10, to figure
   9. Add lines 7 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .            9.            the amount to enter on Form 6251,
                                                                                                                           line 29.
  10. Enter the smaller of line 6 or line 9 here and on Form 6251,
      line 29, and go to Form 6251, line 30 . . . . . . . . . . . . . . . . . . . .
                                                                                                      ▶10.
Instructions for Form 6251 (2012)                                                                      -9-
Exception. If you filed a joint return for                            self-employment tax). However, the                                        Line 32—Alternative Minimum
2012 or neither of your parents was                                   30% limit does not apply if there are no                                  Tax Foreign Tax Credit
alive at the end of 2012, do not                                      net profits from the trade or business. If
                                                                      capital is not an income-producing                                        (AMTFTC)
complete lines 7 through 10 of the
Exemption Worksheet. However, you                                     factor and your personal services                                                   To see if you need to figure
still must complete lines 1 through 6 of                              produced the business income, all of                                        TIP     your AMTFTC, fill in Form
the worksheet if Form 6251, line 28, is                               your gross income from the trade or                                                 6251, line 34, as instructed.
more than the amount shown for your                                   business is considered earned income.                                     (You will first need to figure your foreign
filing status in the middle column of the                             Line 31                                                                   tax credit for the regular tax and
table above.                                                                                                                                    complete Form 1040, line 47, or Form
                                                                      If you claimed the foreign earned                                         1040NR, line 45.) If the amount on
Certain January 1 birthdays. If you                                   income exclusion, housing exclusion, or                                   line 34 is greater than or equal to the
were born on January 1, 1995, you are                                 housing deduction on Form 2555 or                                         amount on line 31, you do not owe the
considered to be 18 at the end of 2012.                               Form 2555-EZ, you must use the                                            AMT. Enter -0- on line 35 and see Who
Your exemption amount is limited only if                              Foreign Earned Income Tax Worksheet                                       Must File, earlier, to find out if you must
you did not have earned income that                                   in these instructions to figure the                                       attach Form 6251 to your return.
was more than half of your support.                                   amount to enter on line 31.                                               However, even if you do not owe the
   If you were born on January 1, 1994,                               Form 1040NR. If you are filing Form                                       AMT, you may need to complete line 32
you are considered to be 19 at the end                                1040NR and you reported capital gain                                      to see if you have an AMTFTC
of 2012. Your exemption amount is                                     distributions directly on Form 1040NR,                                    carryback or carryforward to other tax
limited only if you were a full-time                                  line 14; you reported qualified dividends                                 years.
student who did not have earned                                       on Form 1040NR, line 10b; or you had a
income that was more than half of your                                                                                                          If you made an election to claim the
                                                                      gain on both lines 15 and 16 of
support.                                                                                                                                        foreign tax credit on Form 1040 (or
                                                                      Schedule D (Form 1040) (as refigured
                                                                                                                                                Form 1040NR) without filing Form 1116,
   If you were born on January 1, 1989,                               for the AMT, if necessary), complete
                                                                                                                                                your AMTFTC is the same as the
you are considered to be 24 at the end                                Part III of Form 6251 and enter the
                                                                                                                                                foreign tax credit on Form 1040, line 47
of 2012. Your exemption amount is not                                 amount from line 54 on line 31. All other
                                                                                                                                                (or Form 1040NR, line 45). Enter that
limited.                                                              Form 1040NR filers, do not complete
                                                                                                                                                amount on Form 6251, line 32.
                                                                      Part III. Instead, if Form 6251, line 30, is
Line 8 of the worksheet. Earned                                                                                                                 Otherwise, your AMTFTC is your foreign
                                                                      $175,000 or less ($87,500 or less if you
income includes wages, tips, and other                                                                                                          tax credit refigured as follows.
                                                                      checked filing status box 3, 4, or 5 on
amounts received for personal services
                                                                      Form 1040NR), figure the amount to                                        Step 1. Use a separate AMT Form
performed. If you are a sole proprietor or
                                                                      enter on line 31 by multiplying line 30 by                                1116 for each separate category of
a partner in a trade or business in which
                                                                      26% (.26). Otherwise, figure the amount                                   income. Write “AMT” and specify the
both personal services and capital are
                                                                      to enter on line 31 by multiplying line 30                                category of income in the top margin of
material income-producing factors,
                                                                      by 28% (.28) and subtracting $3,500                                       each Form 1116.
earned income also includes a
                                                                      ($1,750 if you checked filing status                                         When applying the separate
reasonable allowance for compensation
                                                                      box 3, 4, or 5) from the result.                                          categories of income, use the applicable
for personal services, but not more than
30% of your share of the net profits from                                                                                                       AMT rate instead of the regular tax rate
that trade or business (after subtracting                                                                                                       to determine if any income is
the deduction for part of your                                                                                                                  “high-taxed.”



Foreign Earned Income Tax Worksheet—Line 31                                                                                                                     Keep for Your Records
 Before you begin:                         If Form 6251, line 30, is zero, do not complete this worksheet.
  1. Enter the amount from Form 6251, line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                        1.
  2. Enter the amount from your (and your spouse's if filing jointly) Form 2555, lines 45 and 50, or Form 2555-EZ,
     line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2.
  3. Add lines 1 and 2. Enter the result here and on Form 6251, line 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                                    3.
  4. Tax on the amount on line 3.
        If you reported capital gain distributions directly on Form 1040, line 13; or you reported qualified
     dividends on Form 1040, line 9b; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040),
     enter the amount from line 3 of this worksheet on Form 6251, line 36. Complete the rest of Part III of Form
     6251. However, before completing Part III, see Forms 2555 and 2555-EZ, later, to see if you must complete                                                                       4.
     Part III with certain modifications. Then enter the amount from Form 6251, line 54, here.
        All others: If line 3 is $175,000 or less ($87,500 or less if married filing separately), multiply line 3 by 26%
     (.26). Otherwise, multiply line 3 by 28% (.28) and subtract $3,500 ($1,750 if married filing separately) from
     the result.
  5. Tax on the amount on line 2. If line 2 is $175,000 or less ($87,500 or less if married filing separately), multiply
     line 2 by 26% (.26). Otherwise, multiply line 2 by 28% (.28) and subtract $3,500 ($1,750 if married filing
     separately) from the result. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              5.
  6. Subtract line 5 from line 4. Enter the result here and on Form 6251, line 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                                       6.

                                                                                                     -10-                                                Instructions for Form 6251 (2012)
Step 2. If you previously made or are          results on line 1a of the applicable AMT     gains or losses (as refigured for the
making the simplified limitation election,     Form 1116.                                   AMT) in no more than two separate
skip Part I and enter on the AMT Form             You adjust your foreign source            categories and any of the following
1116, line 17, the same amount you             qualified dividends taxed at the 0% rate     apply.
entered on that line for the regular tax. If   by not including them on line 1a.               You are not required to make
you did not complete Form 1116 for the         Amounts taxed at the 0% rate are on          adjustments to your foreign source
regular tax and you previously made or         line 11 of the Qualified Dividends and       qualified dividends under the rules
are making the simplified limitation           Capital Gain Tax Worksheet in the Form       described earlier (or you would not be
election, complete Part I and lines 15         1040 instructions, line 9 of the Qualified   required to make those adjustments if
through 17 of the AMT Form 1116 using          Dividends and Capital Gain Tax               you had foreign source qualified
regular tax amounts.                           Worksheet in the Form 1040NR                 dividends).
                                               instructions, or line 20 of the                 Line 15 or 16 of the AMT Schedule D
    If the election does not apply,
                                               Schedule D Tax Worksheet.                    (Form 1040) is zero or a loss.
complete Part I using only income and
deductions that are allowed for the AMT                                                        On the AMT Qualified Dividends and
                                                        Do not adjust the amount of         Capital Gain Tax Worksheet in the Form
and attributable to sources outside the                 any foreign source qualified
United States. If you have any foreign           !      dividends you elected to
                                                                                            1040 instructions, (a) line 3 of that
source qualified dividends or foreign
                                                CAUTION
                                                                                            worksheet minus the amount on Form
                                               include on line 4g of AMT Form 4952.         4952, line 4e, that you elected to include
source capital gains (including any
foreign source capital gain distributions)                                                  on Form 4952, line 4g, is zero or less,
                                                   Individuals with capital gain            (b) line 7 of that worksheet is zero, or (c)
or losses, use the instructions under          distributions only. If you have no
Step 3 to determine whether you must                                                        line 17 of that worksheet is equal to or
                                               capital gains or losses other than capital   greater than line 18.
make adjustments to those amounts              gain distributions from box 2a of
before you include the amounts on                                                              On the AMT Qualified Dividends and
                                               Form(s) 1099-DIV or substitute               Capital Gain Tax Worksheet in the Form
line 1a or line 5 of the AMT Form 1116.        statement(s), you must adjust your           1040NR instructions, (a) line 3 of that
Step 3. Follow the instructions below, if      foreign source capital gain distributions    worksheet is zero, (b) line 5 of that
applicable, to determine the amount of         if you are required to adjust your foreign   worksheet is zero, or (c) line 15 of that
foreign source qualified dividends,            source qualified dividends under the         worksheet is equal to or greater than
capital gain distributions, and other          rules just described or you would be         line 16.
capital gains and losses to include on         required to adjust your foreign source
                                                                                               On the AMT Schedule D Tax
line 1a and line 5 of the AMT Form             qualified dividends if you had any.
                                                                                            Worksheet (Form 1040), (a) line 18 is
1116.                                              To adjust your foreign source capital    zero, (b) line 9 is zero or less, or (c)
                                               gain distributions, multiply your foreign    line 35 is equal to or greater than
   Foreign qualified dividends. You
                                               source capital gain distributions in each    line 36.
must adjust your foreign source
                                               separate category by 0.5357 if the
qualified dividends before you include                                                         Use Worksheet B if you:
                                               foreign source capital gain distributions
those amounts on line 1a of the AMT                                                            Cannot use Worksheet A,
                                               are taxed at a rate of 15%. Include the
Form 1116 if:                                                                                  Have foreign source capital gains and
                                               results on line 1a of the applicable AMT
    Line 52 of Form 6251 is smaller than       Form 1116.                                   losses in no more than two separate
line 53, and                                                                                categories,
    Line 41 of Form 6251 is greater than           You adjust your foreign source              Did not have any item of
zero.                                          capital gain distributions taxed at the 0%   unrecaptured section 1250 gain or 28%
                                               rate by not including them on line 1a.       rate gain or loss for the AMT, and
   But you do not need to make any             Amounts taxed at the 0% rate are on
adjustments if:                                                                                Do not have any capital gains taxed
                                               line 11 of the Qualified Dividends and       at a rate of 0%.
   You qualify for the adjustment              Capital Gain Tax Worksheet in the Form
exception under Qualified Dividends            1040 instructions, line 9 of the Qualified       Instructions for Worksheets A and
and Capital Gain Tax Worksheet                 Dividends and Capital Gain Tax               B. When you complete Worksheet A or
(Individuals) or Adjustments to foreign        Worksheet in the Form 1040NR                 Worksheet B, use foreign source capital
qualified dividends under Schedule D           instructions, or line 20 of the              gains and losses, as refigured for the
Filers in the Form 1116 instructions, and      Schedule D Tax Worksheet.                    AMT if necessary, and do not use any
    Line 41 of Form 6251 is not more                                                        foreign source capital gains you elected
than $175,000 ($87,500 if married filing                Do not adjust the amount of         to include on line 4g of AMT Form 4952.
separately).                                     !      any foreign source capital gain     If you are required to complete a
                                                CAUTION distributions you elected to        Schedule D for the AMT, use line 16 of
Note. Use your capital gains and               include on line 4g of AMT Form 4952.         that AMT Schedule D to complete line 3
losses as refigured for the AMT to                                                          of Worksheet A or line 4 of the Line 2
determine whether your total amounts              Individuals with other capital
                                                                                            Worksheet for Worksheet B. Use
are less than the $20,000 threshold            gains or losses. If any capital gain or
                                                                                            0.5357 instead of 0.4286 to complete
under the adjustment exception.                loss is different for the AMT, use
                                                                                            lines 11, 13, and 15 of Worksheet B and
   To adjust your foreign source               amounts as refigured for the AMT to
                                                                                            to complete lines 8, 11, and 17 of the
qualified dividends, multiply your foreign     complete this step. Use Worksheet A in
                                                                                            Line 15 Worksheet for Worksheet B.
source qualified dividends in each             the instructions for Form 1116 to
                                               determine the adjustments you must               If you do not qualify to use
separate category by 0.5357 if the                                                          Worksheet A or Worksheet B, use the
foreign source qualified dividends are         make to your foreign source capital
                                               gains or losses (as refigured for the        instructions for Capital Gains and
taxed at a rate of 15%. Include the                                                         Losses in Pub. 514 to determine the
                                               AMT) if you have foreign source capital
                                                                                            adjustments you make.

Instructions for Form 6251 (2012)                                -11-
Step 4. Complete Part II and lines 9           7. Enter the amount from Form               Form 1040NR. If you are filing Form
through 14 of the AMT Form 1116. Use         6251, line 47, on line 8 of the worksheet.    1040NR, enter the tax from Form
your AMTFTC carryover, if any, on              8. Complete lines 9 and 10 of the           1040NR, line 42 (minus any tax from
line 10.                                     worksheet as instructed on the                Form 4972, Tax on Lump-Sum
                                             worksheet.                                    Distributions, and any foreign tax credit
Step 5. If the simplified limitation
                                                                                           from Form 1040NR, line 45). If you used
election does not apply, complete lines      Step 7. Enter the amount from Form            Schedule J to figure your tax, the
15 through 17 of the AMT Form 1116.          6251, line 31, on the AMT Form 1116,          amount on line 42 of Form 1040NR
Step 6. If you did not complete Part III     line 20. Complete lines 19, 21, and 22 of     must be refigured without using
of Form 6251, enter the amount from          the AMT Form 1116.                            Schedule J (see preceding paragraph).
line 28 of Form 6251 on line 18 of the       Step 8. Complete Part IV of the first
AMT Form 1116 and go to Step 7. If you       AMT Form 1116 only.                           Part III—Tax Computation
completed Part III of Form 6251, you
must complete, for the AMT, the                Enter on Form 6251, line 32, the
                                                                                           Using Maximum Capital
Worksheet for Line 18 in the Form 1116       amount from line 30 of the first AMT          Gains Rates
instructions to determine the amount to      Form 1116.
                                                                                           Lines 37, 38, and 39
enter on line 18 of the AMT Form 1116
                                                Attach to your tax return, after Form      You generally can fill out lines 37, 38,
if:
                                             6251, all AMT Forms 1116 you used to          and 39 using the amounts from the
    Line 52 of Form 6251 is smaller than     figure your AMTFTC. But do not attach
line 53, and                                                                               Qualified Dividends and Capital Gain
                                             AMT Forms 1116 if your AMTFTC is the          Tax Worksheet or the Schedule D Tax
    Line 41 of Form 6251 is greater than     same as your regular tax foreign tax
zero.                                                                                      Worksheet, whichever applies, and
                                             credit.                                       Schedule D (Form 1040), if you
    But you do not need to complete the                                                    completed Schedule D. But do not use
Worksheet for Line 18 if:                    AMTFTC Carryback and                          those amounts if any of the following
    You qualify for the adjustment                                                         statements apply.
                                             Carryforward
exception under Qualified Dividends
                                             If your AMTFTC is limited, the unused            1. The gain or loss from any
and Capital Gain Tax Worksheet
                                             amount generally may be carried back          transaction reported on Form 8949 or
(Individuals) or Adjustments to foreign
                                             or forward according to section 904(c).       Schedule D is different for the AMT (for
qualified dividends under Schedule D
                                             However, if you made the election to          example, because of a different basis
Filers in the Form 1116 instructions, and
                                             claim the foreign tax credit on Form          for the AMT due to depreciation
    Line 41 of Form 6251 is not more
                                             1040 (or Form 1040NR) without filing          adjustments, an incentive stock option
than $175,000 ($87,500 if married filing
                                             Form 1116, any unused AMTFTC                  adjustment, or a different AMT capital
separately).
                                             cannot be carried back or forward. In         loss carryover from 2011).
Note. Use your capital gains and             addition, no unused AMTFTC from                  2. You did not complete either the
losses as refigured for the AMT to           another year can be used in any year for      Qualified Dividends and Capital Gain
determine whether your total amounts         which the election has been made.             Tax Worksheet or the Schedule D Tax
are less than the $20,000 threshold                                                        Worksheet because Form 1040, line 43
under the adjustment exception.              Simplified Limitation Election                (or Form 1040NR, line 41), is zero.
   If you do not need to complete the        You may elect to use a simplified                3. You received a Schedule K-1
Worksheet for Line 18, enter the amount      section 904 limitation to figure your         (Form 1041) that shows an amount in
from line 28 of Form 6251 on line 18 of      AMTFTC. If you do, use your regular tax       box 12 with code B, C, D, E, or F. If this
the AMT Form 1116.                           income for Form 1116, Part I, instead of      applies, see Beneficiaries of estates or
                                             refiguring your foreign source income         trusts. Then read the following
   Instructions for AMT Worksheet                                                          instructions.
for Line 18. Follow these steps to           for the AMT, as described earlier. You
complete, for the AMT, the Worksheet         must make the election for the first tax         If (1) applies, complete an AMT Form
for Line 18 in the Form 1116                 year after 1997 for which you claim an        8949. Next, if (1) or (3) applies,
instructions.                                AMTFTC. If you do not make the                complete lines 1 through 20 of an AMT
                                             election for that year, you may not make      Schedule D. Then, if (1), (2), or (3)
   1. Enter the amount from Form
                                             it for a later year. Once made, the           applies, complete lines 2 through 6 of
6251, line 28, on line 1 of the worksheet.
                                             election applies to all later tax years and   an AMT Qualified Dividends and Capital
   2. Skip lines 2 and 3 of the              may be revoked only with IRS consent.         Gain Tax Worksheet or lines 2 through
worksheet.                                                                                 13 of an AMT Schedule D Tax
   3. Enter the amount from Form
                                             Line 34
                                                                                           Worksheet, whichever applies. (See
6251, line 50, on line 4 of the worksheet.   If you used Schedule J, Income                line 20 of your AMT Schedule D, if you
                                             Averaging for Farmers and Fishermen,          completed one, to determine which
   4. Multiply line 4 of the worksheet by
                                             to figure your tax on Form 1040, line 44      worksheet applies.) Complete line 5 of
0.1071 (instead of 0.2857). Enter the
                                             (or Form 1040NR, line 42), you must           the AMT Qualified Dividends and
result on line 5 of the worksheet.
                                             refigure that tax (including any tax from     Capital Gain Tax Worksheet or lines 3
   5. Enter the amount from Form             Form 8814) without using Schedule J           and 4 of the AMT Schedule D Tax
6251, line 48, on line 6 of the worksheet.   before completing this line. This is only     Worksheet, whichever applies, using
   6. Multiply line 6 of the worksheet by    for Form 6251; do not change the              your AMT Form 4952. Use amounts
0.4643 (instead of 0.5714). Enter the        amount on Form 1040, line 44 (or Form         from Schedule D or the AMT
result on line 7 of the worksheet.           1040NR, line 42).                             Schedule D, whichever applies, and
                                                                                           either the AMT Qualified Dividends and

                                                                -12-                             Instructions for Form 6251 (2012)
Capital Gain Tax Worksheet or the AMT             3. Reduce the amount on your AMT               Schedule D (Form 1040), whichever
Schedule D Tax Worksheet, whichever            Schedule D (Form 1040), line 18, (but             applies (as refigured for the AMT, if
applies, to complete lines 37, 38, and 39      not below zero) by your capital gain              necessary).
of Form 6251. Keep the AMT Form                excess.
8949, AMT Schedule D, and the                                                                    Line 42
                                                  4. Include your capital gain excess
applicable AMT worksheet for your              as a loss on line 16 of your AMT                  If you are filing Form 1040NR and Form
records, but do not attach any of them to      Unrecaptured Section 1250 Gain                    6251, line 41, is $175,000 or less
your tax return.                               Worksheet in the Instructions for                 ($87,500 or less if you checked filing
                                               Schedule D (Form 1040).                           status box 3, 4, or 5), multiply line 41 by
Note. Do not decrease your section                                                               26% (.26). Otherwise, multiply line 41 by
1202 exclusion by the amount, if any, on       Beneficiaries of estates or trusts. If            28% (.28) and subtract $3,500 ($1,750
line 13.                                       you received a Schedule K-1 (Form                 if you checked filing status box 3, 4, or
                                               1041) that shows an adjustment in                 5) from the result.
Forms 2555 and 2555-EZ. If you are
filing either of these forms and you have      box 12, follow the instructions in the            Line 43
a capital gain excess, you must                following table.
                                                                                                 If you are filing Form 1040NR, enter
complete Part III of Form 6251 with                                                              $35,350 ($70,700 if you checked filing
certain modifications. To see if you have       IF the code in   THEN include that
                                                                                                 status box 6).
a capital gain excess, subtract Form            box 12 is...     adjustment in figuring the
6251, line 30, from line 6 of your AMT                           amount on...                    Line 44
Qualified Dividends and Capital Gain                   B         line 2 of an AMT Qualified      If you are filing Form 1040NR, enter on
Tax Worksheet (or line 10 of your AMT                            Dividends and Capital Gain      Form 6251, line 44, the amount from
Schedule D Tax Worksheet). If the                                Tax Worksheet or an AMT         line 5 of the Qualified Dividends and
result is greater than zero, that amount                         Schedule D Tax Worksheet,
                                                                                                 Capital Gain Tax Worksheet in the
is your capital gain excess.                                     whichever applies.
                                                                                                 instructions for Form 1040NR, line 42,
     If you have capital gain excess, figure           C         line 5, column (h), of an AMT   or the amount from line 14 of the
the amounts to enter on lines 37, 38,                            Schedule D.                     Schedule D Tax Worksheet in the
and 39 of Form 6251 using the following                D         line 12, column (h), of an      instructions for Schedule D (Form
modifications (only for purposes of Part                         AMT Schedule D.                 1040), whichever applies (as figured for
III of Form 6251).                                     E         line 11 of an AMT               the regular tax). If you did not complete
     1. Reduce the amount you would                              Unrecaptured Section 1250       either worksheet for the regular tax,
otherwise enter on line 3 of your AMT                            Gain Worksheet.                 enter -0-.
Qualified Dividends and Capital Gain                   F         line 4 of an AMT 28% Rate       Line 53
Tax Worksheet or line 9 of your AMT                              Gain Worksheet.
                                                                                                 If you are filing Form 1040NR and Form
Schedule D Tax Worksheet (but not
                                                                                                 6251, line 36, is $175,000 or less
below zero) by your capital gain excess.       Form 1040NR. If you are filing Form               ($87,500 or less if you checked filing
     2. Reduce the amount you would            1040NR, enter on Form 6251, line 37,              status box 3, 4, or 5), multiply line 36 by
otherwise enter on line 2 of your AMT          the amount from line 4 of the Qualified           26% (.26). Otherwise, multiply line 36 by
Qualified Dividends and Capital Gain           Dividends and Capital Gain Tax                    28% (.28) and subtract $3,500 ($1,750
Tax Worksheet or line 6 of your AMT            Worksheet in the instructions for Form            if you checked filing status box 3, 4, or
Schedule D Tax Worksheet (but not              1040NR, line 42, or the amount from               5) from the result.
below zero) by any of your capital gain        line 13 of the Schedule D Tax
excess not used in (1).                        Worksheet in the instructions for




Instructions for Form 6251 (2012)                                   -13-

				
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