Form 6251 Alternative Minimum Tax-Individuals {6251} | Pdf Fpdf Docx | Official Federal Forms

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Form 6251 Alternative Minimum Tax-Individuals {6251} | Pdf Fpdf Docx | Official Federal Forms

Form 6251 Alternative Minimum Tax-Individuals {6251}

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Alternate TextLast updated: 12/7/2018

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Form 6251 Department of the Treasury Internal Revenue Service (99)Alternative Minimum Tax227Individuals Go to www.irs.gov/Form6251 for instructions and the latest information. Attach to Form 1040 or Form 1040NR. OMB No. 1545-0074 2018 Attachment Sequence No. 32 Name(s) shown on Form 1040 or Form 1040NR Your social security number Part I Alternative Minimum Taxable Income (See instructions for how to complete each line.) 1 Enter the amount from Form 1040, line 10, if more than zero. If Form 1040, line 10, is zero, subtract lines 8 and 9 of Form 1040 from line 7 of Form 1040 and enter the result here. (If less than zero, enter as a negative amount.) ............................ 1 2a If filing Schedule A (Form 1040), enter the taxes from Schedule A, line 7; otherwise, enter the amount from Form 1040, line 8............................ 2a bTax refund from Schedule 1 (Form 1040), line 10 or line 21 ............... 2b ( )cInvestment interest expense (difference between regular tax and AMT)............ 2c dDepletion (difference between regular tax and AMT)................. 2d eNet operating loss deduction from Schedule 1 (Form 1040), line 21. Enter as a positive amount.... 2e fAlternative tax net operating loss deduction.................... 2f ( )gInterest from specified private activity bonds exempt from the regular tax .......... 2g hQualified small business stock, see instructions................... 2h iExercise of incentive stock options (excess of AMT income over regular tax income)....... 2i jEstates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A) ......... 2j kDisposition of property (difference between AMT and regular tax gain or loss) ......... 2k lDepreciation on assets placed in service after 1986 (difference between regular tax and AMT).... 2l mPassive activities (difference between AMT and regular tax income or loss) .......... 2m nLoss limitations (difference between AMT and regular tax income or loss)........... 2n oCirculation costs (difference between regular tax and AMT)............... 2o pLong-term contracts (difference between AMT and regular tax income) ........... 2p qMining costs (difference between regular tax and AMT) ................ 2q rResearch and experimental costs (difference between regular tax and AMT) .......... 2r sIncome from certain installment sales before January 1, 1987.............. 2s ( )tIntangible drilling costs preference....................... 2t 3Other adjustments, including income-based related adjustments ............. 3 4 Alternative minimum taxable income. Combine lines 1 through 3. (If married filing separately and line 4 is more than $718,800, see instructions.) ..................... 4 Part II Alternative Minimum Tax (AMT) 5Exemption. (If you were under age 24 at the end of 2018, see instructions.) IF your filing status is . . . AND line 4 is not over . . . THEN enter on line 5 . . . Single or head of household ....$ 500,000 .....$ 70,300Married filing jointly or qualifying widow(er) 1,000,000.....109,400Married filing separately...... 500,000 .....54,700} .. 5 If line 4 is over the amount shown above for your filing status, see instructions. 6 Subtract line 5 from line 4. If more than zero, go to line 7. If zero or less, enter -0- here and on lines 7, 9, and 11, and go to line 10.......................... 6 7225 If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter. 225 If you reported capital gain distributions directly on Schedule 1 (Form 1040), line 13; you reported qualified dividends on Form 1040, line 3a; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040) (as refigured for the AMT, if necessary), complete Part III on the back and enter the amount from line 40 here. 225 All others: If line 6 is $191,100 or less ($95,550 or less if married filing separately), multiply line 6 by 26% (0.26). Otherwise, multiply line 6 by 28% (0.28) and subtract $3,822 ($1,911 if married filing separately) from the result. } ... 7 8Alternative minimum tax foreign tax credit (see instructions)............... 8 9Tentative minimum tax. Subtract line 8 from line 7 .................. 9 10 Add Form 1040, line 11a (minus any tax from Form 4972), and Schedule 2 (Form 1040), line 46. Subtract from the result any foreign tax credit from Schedule 3 (Form 1040), line 48. If you used Schedule J to figure your tax on Form 1040, line 11a, refigure that tax without using Schedule J before completing this line (see instructions) ........................... 10 11AMT. Subtract line 10 from line 9. If zero or less, enter -0-. Enter here and on Schedule 2 (Form 1040), line 45 . 11 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 13600G Form 6251 (2018) American LegalNet, Inc. www.FormsWorkFlow.com Form 6251 (2018) Page 2 Part III Tax Computation Using Maximum Capital Gains Rates Complete Part III only if you are required to do so by line 7 or by the Foreign Earned Income Tax Worksheet in the instructions.12 Enter the amount from Form 6251, line 6. If you are filing Form 2555 or 2555-EZ, enter the amount from line 3 of the worksheet in the instructions for line 7 .................. 12 13 Enter the amount from line 6 of the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 11a, or the amount from line 13 of the Schedule D Tax Worksheet in the instructions for Schedule D (Form 1040), whichever applies (as refigured for the AMT, if necessary) (see instructions). If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter ......... 13 14 Enter the amount from Schedule D (Form 1040), line 19 (as refigured for the AMT, if necessary) (see instructions). If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter..... 14 15 If you did not complete a Schedule D Tax Worksheet for the regular tax or the AMT, enter the amount from line 13. Otherwise, add lines 13 and 14, and enter the smaller of that result or the amount from line 10 of the Schedule D Tax Worksheet (as refigured for the AMT, if necessary). If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter .................. 15 16Enter the smaller of line 12 or line 15...................... 16 17Subtract line 16 from line 12......................... 17 18 If line 17 is $191,100 or less ($95,550 or less if married filing separately), multiply line 17 by 26% (0.26). Otherwise, multiply line 17 by 28% (0.28) and subtract $3,822 ($1,911 if married filing separately) from the result... 18 19Enter: 225 $77,200 if married filing jointly or qualifying widow(er), 225 $38,600 if single or married filing separately, or 225 $51,700 if head of household. }....... 19 20 Enter the amount from line 7 of the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 11a, or the amount from line 14 of the Schedule D Tax Worksheet in the instructions for Schedule D (Form 1040), whichever applies (as figured for the regular tax). If you did not complete either worksheet for the regular tax, enter the amount from Form 1040, line 10; if zero or less, enter -0-. If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter......... 20 21Subtract line 20 from line 19. If zero or less, enter -0-................. 21 22Enter the smaller of line 12 or line 13 ...................... 22 23Enter the smaller of line 21 or line 22. This amount is taxed at 0% ............. 23 24Subtract line 23 from line 22 ......................... 24 25Enter: 225 $425,800 if single225 $239,500 if married filing separately 225 $479,000 if married filing jointly or qualifying widow(er) 225 $452,400 if head of household}....... 25 26Enter the amount from line 21 ........................ 26 27 Enter the amount from line 7 of the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 11a, or the amount from line 19 of the Schedule D Tax Worksheet, whichever applies (as figured for the regular tax). If you did not complete either worksheet for the regular tax, enter the amount from Form 1040, line 10; if zero or less, enter -0-. If you are filing Form 2555

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