Kent_pham_6251.png - Fm 6251 Alternative Minimum Taxmindividuals Flnformation about Form 6251 and its separate instructions is at wwwjrsgovlfonnt OMB No

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Unformatted text preview: Fm 6251 Alternative Minimum Tax—mindividuals Flnformation about Form 6251 and its separate instructions is at wwwjrsgovlfonnflfit OMB No. 15450074 2©16 Dapart-nent ofthe Treasury Attachment Internal Revenue Service 99) FAtlzach to Form 1040 or Form 1040MB. Se-uence No. 32 e(s) shown on Frrn 1040 or Form 1040NR Your social security number ”Kw ~ I * In" , ” ~ . t... in. 9 Part | AltematIve MInIrnum Taxable Income (See instructions for how to complete each line.) 1 2 LDOO'NIO'DU'l-hb) 1O 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 It filing Schedule A Form 1040), enter the amount from Form 1040, line 41, and go to line 2. Otherwise, enter the amount from Form 1040, line 38, and go to line 7. (If less than zero, enter as a negative amount) Medical and dental. if you or your spouse was 65 or older, enter the smaller of Schedule A -(Form 1040), line 4 or 2 5% (0. 025) of Form1040,tine 38. l'fzero or less, enter -0- . . . . . . Taxes from Schedule A (Form 1040), line 9 . . . . . Enter the home mortgage interest adjustment, if any, from line 6 of the worksheet' In the instructions for this line Miscellaneous deductions from Schedule A (Form 1040), tine 27. . . . . . . . . . . . . . lf Form 1040, line 38, is $155,650 or less, enter —0—. Othemise, see instructions . . . . . . . . . Tax refund from Form 1040, line 10 or line 21 . . . . . . . . . . . . . . . . . Investment interest expense (difference between reguiar tax and Alvfi). . . . . . . . . . . . Depletion (difference between regular tax and AMT) . . . . . . . . . . . . Net operating toss deduction from Form 1040, line 21. Enter as a positive amount . . . . . . Alternative tax net operating loss deduction . . . . . . . . . . . . . Interest from specified private activity bonds exempt from the regular tax . . . . . Qualified small business stock, see instructions. . . . . . . . . . . . . . . . Exercise of incentive stock options (excess of AMT Income over regular tax income). . . . . . . Estates and tmsts (amount from Schedule K— 1 (Form 1041), box 12, code A) . . . Electing large partnerships (amount from Schedule K— 1 (Form 1065- -B), box 6) . . . Disposition of property (difference between AMT and regulartax gain or loss) . . . Depreciation on assets placed' In service after 1986 (difference between regular tax and AMT) . . . Passive activities (difference between AMT and regular tax' Income or toss) . Loss iimitations (difference between AW and regular tax income or toss) . . . . . , . . . Circulation costs (difference between regular tax and AMT) . . . . . . . . . . . . . . Long—term contracts (difference between AMT and regular tax income) . . . . . . . . . . Mining costs (difference between regular tax and AMT) . . . . . . . . . . . . . Research and experimental costs (difference between reguiartax and AMT). . . . . . . . income from certain installment sales before January 1, 1987 . . . , . . Intangible drilling costs preference. . . . . . . . . . . . . . . . . . . . Other adjustments, including income-based reiated adjustments . . . . . . . . . Alternative minimum taxable income. Combine lines 1 through 27. (If married filing separately and line 28is more than $247,,450 see InstructIons) . . . , , . . . . . . . . . . . . maesrseaaraaraaaaaa Part ll Alternative Minimum Tax AMT) 29 3'! 33 35 Exemption. (it you were under age 24 at the end of 2016, see instructions.) IF your filing stems is . . . AND line 3 is not over . . . THEN enter on line 29 . . . Single or head of househoid . . . . $119,700 . . . . . $53,900 Married filing jointly or qualifying widow(er) 159,700 . . . . . 83,800 Married filing separately. . . . . . 79,850 . . . . . 41 ,900 it tine 23 is over the amount shown above for yourfiling status, see instructions. Subtract line 29 from line 28. if more than zero, go to line 31 . lf zero or less, enter -0- here and on lines 31 , 33, and 35, and go to iine 34 o If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter. - if you reported capital gain distributions directly on Form 1040, line 13; you reported qualified dividends on Form 1040, line 9b; oryou had a gain on both lines 15 and 16 of Schedule 0 (Form 1040) (as refigured for the AMT if necessary) complete Part "I on the back and enter the amount from line 64 here.’ ‘ ' - All others: if line 30' Is $186,300 or less ($93,150 or less if married filing separately), multiply line 30 by 26% (0.26). Otherwise, muitipiy line 30 by 28% (028) and subtract $3726 ($1, 863 if married fiiing separately) from the result. Alternative minimumtaxforeign tax credit (see instmctions) . . . , . . . . . . . . . . Tentativeminimumtax. Subtract line32 from Iine31 . . . . . . . . . . . . . . . Add Form 1040, line 44 (minus any tax from Form 4972), and Form 1040, line 46. Subtract from the result any foreign tax credit from Form 1040. line 48. If you used Schedule J to figure your tax on Form 1040, line 44, refigure that tax without using Schedule J before completing this line (see instructions) . . AMT. Subtract line 34 from line 33. If zero or less, enter "0‘. Enter here and on Form 1040, line 45 . FmPapmukfleducfionActfloficgseeywtaxremminsbucfions. CaLNoJm I: l— Em: "421.!0 [I O I ) !H o 3‘3 Ur w 8 i I... 29 'Em' Form 6251 (one) ...
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  • Spring '16
  • Revenue, Metropolitana di Napoli, Taxation in the United States, alternative minimum tax, regular tax

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