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Form 6251 Instruktioner

Instruktioner for Form 6251, Alternative Minimum Tax„Individuals

Rev. 2023

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  • Form 6251 - Alternative Minimumsskat„Individuals
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Department of the Treasury  
Internal Revenue Service  
2021  
Instructions for Form 6251  
Alternative Minimum Tax—Individuals  
Section references are to the Internal Revenue  
Code unless otherwise noted.  
is imposed in addition to your regular  
tax. It applies to taxpayers who have  
certain types of income that receive  
favorable treatment, or who qualify for  
certain deductions, under the tax law.  
These tax benefits can significantly  
reduce the regular tax of some  
Good records will help you explain any  
item and arrive at the correct AMT.  
Keep records that show how you  
figured income, deductions, etc., for the  
AMT. Also keep records of any items  
that you used to figure the AMT that  
differ from what you used to figure the  
regular tax. For example, you will need  
to separately figure and track certain  
carrybacks, carryforwards, basis  
amounts, depreciation, and loss  
General Instructions  
Future Developments  
For the latest information about  
developments related to Form 6251 and  
its instructions, such as legislation  
enacted after they were published, go to  
taxpayers with higher economic  
incomes. The AMT sets a limit on the  
amount these benefits can be used to  
reduce total tax.  
Also use Form 6251 to figure your  
tentative minimum tax (Form 6251,  
line 9). You may need to know that  
amount to figure the tax liability limit on  
the credits listed under Who Must File,  
earlier.  
limitation amounts that differ between  
the AMT and the regular tax.  
What's New  
Exemption amount. The exemption  
amount on Form 6251, line 5, has  
increased to $73,600 ($114,600 if  
married filing jointly or qualifying  
widow(er); $57,300 if married filing  
separately).  
If you refigure an item for AMT by  
completing an AMT version of a form or  
worksheet, keep a copy of that AMT  
form or worksheet for your records.  
Figuring AMT Amounts  
For the AMT, certain items of income,  
deductions, etc., receive different tax  
treatment than for the regular tax.  
Partners and Shareholders  
Also, the amount used to determine  
the phaseout of your exemption has  
increased to $523,600 ($1,047,200 if  
married filing jointly or qualifying  
widow(er)).  
AMT tax brackets. For 2021, the 26%  
tax rate applies to the first $199,900  
($99,950 if married filing separately) of  
taxable excess (the amount on line 6).  
This change is reflected on lines 7, 18,  
and 39.  
If you are a partner in a partnership or a  
shareholder in an S corporation, see  
Schedule K-1 and its instructions to  
figure your adjustments or preferences  
from the partnership or S corporation to  
include on Form 6251.  
Therefore, you will need to figure items  
for the AMT differently from how you  
figured them for the regular tax. These  
instructions will help you figure AMT  
items by using the amount you figured  
for the regular tax and refiguring it for  
the AMT. In some cases, it is easiest to  
refigure an item for AMT by completing  
a tax form or worksheet a second time  
using additional AMT instructions.  
These instructions refer to such a form  
or worksheet as an “AMT” version. If  
you do complete an AMT version of a  
form or worksheet, don’t attach it to your  
tax return unless instructed to do so. For  
example, you may have to attach an  
AMT Form 1116, Foreign Tax Credit, to  
your return; see Line 8, later.  
Nonresident Aliens  
If you are a nonresident alien and you  
disposed of U.S. real property interests  
at a gain, you must make a special  
computation. Fill in Form 6251 through  
line 6. If your net gain from the  
Who Must File  
Attach Form 6251 to your return if any of  
the following statements are true.  
disposition of U.S. real property  
interests and the amount on line 4 are  
both greater than the tentative amount  
you figured for line 6, replace the  
1. Form 6251, line 7, is greater than  
line 10.  
amount on line 6 with the smaller of that  
net gain or the amount on line 4. Also  
enter “RPI” on the dotted line next to  
line 6. Otherwise, don’t change line 6.  
2. You claim any general business  
credit, and either line 6 (in Part I) of  
Form 3800 or line 25 of Form 3800 is  
more than zero.  
3. You claim the qualified electric  
vehicle credit (Form 8834), the personal  
use part of the alternative fuel vehicle  
refueling property credit (Form 8911), or  
the credit for prior year minimum tax  
(Form 8801).  
4. The total of Form 6251, lines 2c  
through 3, is negative and line 7 would  
be greater than line 10 if you didn’t take  
into account lines 2c through 3.  
As you figure some deductions and  
credits for the AMT, carrybacks or  
carryforwards to other tax years may be  
different from what you figured for the  
regular tax. Examples are investment  
interest expense, a net operating loss, a  
capital loss, a passive activity loss, and  
the foreign tax credit. Your at-risk limits  
and basis amounts may also differ for  
the AMT.  
Credit for Prior Year  
Minimum Tax  
See Form 8801, Credit for Prior Year  
Minimum Tax—Individuals, Estates, and  
Trusts, if you paid AMT for 2020 or you  
had a minimum tax credit carryforward  
on your 2020 Form 8801. If you pay  
AMT for 2021, you may be able to take  
a credit on Form 8801 for 2022.  
Recordkeeping  
You must keep records to support items  
reported on Form 6251 in case the IRS  
has questions about them. If the IRS  
examines your tax return, you may be  
asked to explain the items reported.  
Optional Write-off for  
Certain Expenditures  
Purpose of Form  
Use Form 6251 to figure the amount, if  
any, of your alternative minimum tax  
(AMT). The AMT is a separate tax that  
There is no AMT adjustment for the  
following items if you elect for the  
Dec 23, 2021  
Cat. No. 64277P  
 
regular tax to deduct them ratably over  
the period of time shown.  
any generation-skipping transfer taxes  
on income distributions.  
into account all adjustments and  
preferences.  
Circulation expenditures—3 years  
Gross income from property held for  
If you aren’t filing Schedule A (Form  
(section 173).  
investment.  
Net gain from the disposition of  
1040), then enter the standard  
Research and experimental  
deduction amount that you reported on  
Form 1040 or 1040-SR, line 12a.  
expenditures—10 years (section  
174(a)).  
property held for investment.  
Net capital gain from the disposition  
Net qualified disaster loss. If you  
filed Schedule A just to claim an  
increased standard deduction on Form  
1040 or Form 1040-SR due to a loss  
you suffered related to property in a  
federally declared disaster area, then  
enter zero on line 2a and go to line 2b.  
You will include the amount of the  
standard deduction (before it was  
increased by any net qualified disaster  
loss) on line 3.  
Mining exploration and development  
of property held for investment.  
costs—10 years (sections 616(a) and  
617(a)).  
Investment expenses.  
Include on line 4a any tax-exempt  
Intangible drilling costs—60 months  
interest income from private activity  
bonds that must be included on Form  
6251, line 2g. If you have any  
(section 263(c)).  
For information on making the  
election, see section 59(e) and  
Regulations section 1.59-1. Also see  
Pub. 535, Business Expenses.  
investment expenses that would have  
been deductible if the interest on the  
bonds were includible in gross income  
for the regular tax, you can use them to  
reduce the amount on line 4a or include  
them on line 5.  
Specific Instructions  
Form 1040-NR. If you are filing Form  
1040-NR, enter the amount of all taxes  
from Schedule A (Form 1040-NR),  
line 1b, plus any foreign income taxes  
you are deducting on Schedule A  
(instead of claiming a credit on Form  
1116). Don’t include any  
If you owe AMT, you may be  
On line 4g, enter the smaller of:  
able to lower your total tax  
(regular tax plus AMT) by  
TIP  
1. The amount from line 4g of your  
regular tax Form 4952, or  
claiming itemized deductions on Form  
1040 or Form 1040-SR, even if your  
total itemized deductions are less than  
the standard deduction. This is because  
the standard deduction isn’t allowed for  
the AMT and, if you claim the standard  
deduction on Form 1040 or Form  
1040-SR, you can’t claim itemized  
deductions for the AMT.  
2. The total of lines 4b and 4e of this  
AMT Form 4952.  
generation-skipping transfer taxes on  
income distributions.  
Step 4. Complete Part III.  
Enter on Form 6251, line 2c, the  
difference between line 8 of your AMT  
Form 4952 and line 8 of your regular tax  
Form 4952. If your AMT expense is  
greater, enter the difference as a  
negative amount.  
Investment interest expense that  
isn’t an itemized deduction. If you  
didn’t itemize deductions and you had  
investment interest expense, don’t enter  
an amount on Form 6251, line 2c,  
unless you reported investment interest  
expense on Schedule E (Form 1040),  
Supplemental Income and Loss. If you  
did, follow the steps above for  
Line 2b—Refund of Taxes  
Include any refund from Schedule 1  
(Form 1040), line 1, that is attributable  
to state or local income taxes. Also  
include any refunds received in 2021  
and included in income on Schedule 1  
(Form 1040), line 8z, that are  
Part I—Alternative  
Minimum Taxable Income  
(AMTI)  
attributable to state or local personal  
property taxes or general sales taxes,  
foreign income taxes, or state, local, or  
foreign real property taxes. Enter the  
total as a negative amount. If you  
include an amount from Schedule 1  
(Form 1040), line 8z, you must enter a  
description and the amount next to the  
entry space for line 2b. For example, if  
you include a refund of real property  
taxes, enter “real property” and the  
amount next to the entry space.  
To avoid duplication, any  
adjustment or preference for  
!
CAUTION  
line 2m or 2n or for a tax shelter  
farm activity on line 3 must not be taken  
into account in figuring the amount to  
enter for any other adjustment or  
preference.  
completing Form 4952. Allocate the  
investment interest expense allowed on  
line 8 of the AMT Form 4952 in the  
same way you did for the regular tax.  
Enter on Form 6251, line 2c, the  
difference between the amount allowed  
on Schedule E for the regular tax and  
the amount allowed on Schedule E for  
the AMT.  
Line 1  
If Form 1040 or 1040-SR, line 15, is  
zero and includes a write-in amount  
(such as a capital construction fund  
deduction for commercial fishermen),  
subtract the write-in amount and line 14  
of Form 1040 or 1040-SR from line 11 of  
Form 1040 or 1040-SR before entering  
the result on line 1.  
Line 2c—Investment Interest  
If you filled out Form 4952, Investment  
Interest Expense Deduction, for your  
regular tax, you will need to fill out a  
second Form 4952 for the AMT as  
follows.  
Line 2d—Depletion  
Refigure your depletion deduction for  
the AMT. To do so, use only income  
and deductions allowed for the AMT  
when refiguring the limit based on  
taxable income from the property under  
section 613(a) and the limit based on  
taxable income, with certain  
Step 1. Follow the Form 4952  
instructions for line 1, but, when  
completing line 1, also include any  
interest that would have been  
deductible if tax-exempt interest on  
private activity bonds were includible in  
gross income.  
Step 2. Enter your AMT disallowed  
investment interest expense from 2020  
on line 2. Complete line 3.  
Form 1040-NR. If you are filing Form  
1040-NR, enter the amount from Form  
1040-NR, line 15. If Form 1040-NR,  
line 15, is zero, subtract line 14 from  
line 11 of Form 1040-NR and enter the  
result. If less than zero, enter as a  
negative amount.  
adjustments, under section 613A(d)(1).  
Also, your depletion deduction for  
mines, wells, and other natural deposits  
under section 611 is limited to the  
property's adjusted basis at the end of  
the year, as refigured for the AMT,  
Line 2a—Taxes  
Enter the amount of all taxes from  
Step 3. When completing Part II,  
Schedule A (Form 1040), line 7, except  
refigure the following amounts, taking  
Instructions for Form 6251 (2021)  
-2-  
unless you are an independent  
disaster recovery assistance losses (as  
defined in Pub. 4492-B, Information for  
Affected Taxpayers in the Midwestern  
Disaster Areas), or a 2008 or 2009 loss  
send you a Form 1099-INT showing the  
amount of this interest in box 9.  
producer or royalty owner claiming  
percentage depletion for oil and gas  
wells under section 613A(c). Figure this  
Generally, the term “specified private  
activity bond” means any private activity  
bond (as defined in section 141) the  
interest on which isn’t includible in gross  
income for the regular tax, if the bond  
was issued after August 7, 1986. But  
specified private activity bonds  
limit separately for each property. When that you elected to carry back more than  
refiguring the property's adjusted basis,  
take into account any AMT adjustments  
you made this year or in previous years  
2 years under section 172(b)(1)(H).  
Therefore, if an ATNOL that is carried  
back or carried forward to the tax year is  
that affect basis (other than current year attributable to any of those losses, the  
depletion).  
ATNOLD for the tax year is limited to the  
generally don’t include any bonds  
issued in 2009 or 2010. See section  
57(a)(5) for other exceptions and more  
details.  
sum of:  
Enter the difference between the  
1. The smaller of:  
regular tax and AMT deduction. If the  
AMT deduction is more than the regular  
tax deduction, enter the difference as a  
negative amount.  
a. The sum of the ATNOL  
carrybacks and carryforwards to the tax  
year attributable to net operating losses  
other than those losses described in 2a  
below, or  
b. 90% of AMTI for the tax year  
(figured without regard to the ATNOLD);  
plus  
Don’t include interest on qualified  
Gulf Opportunity Zone bonds or  
qualified Midwestern disaster area  
bonds.  
Line 2f—Alternative Tax Net  
Operating Loss Deduction  
(ATNOLD)  
The ATNOLD is the sum of the  
alternative tax net operating loss  
(ATNOL) carrybacks and carryforwards  
to the tax year subject to the limitation  
explained later. Figure your ATNOLD as  
follows.  
Exempt-interest dividends paid by a  
mutual fund or other regulated  
2. The smaller of:  
a. The sum of the ATNOL  
investment company are treated as  
interest income on specified private  
activity bonds to the extent the  
carrybacks and carryforwards to the tax  
year attributable to qualified disaster  
losses, qualified Gulf Opportunity Zone  
losses, qualified recovery assistance  
losses, qualified disaster recovery  
assistance losses, and any 2008 or  
2009 loss that you elected to carry back  
more than 2 years under section 172(b)  
(1)(H), or  
dividends are attributable to interest on  
the bonds received by the company,  
minus an allocable share of the  
expenses paid or incurred by the  
company in earning the interest. This  
amount should be reported to you on  
Form 1099-DIV in box 12.  
Your ATNOL for a loss year is the  
excess of the deductions allowed for  
figuring AMTI (excluding the ATNOLD)  
over the income included in AMTI.  
Figure this excess with the  
modifications in section 172(d), taking  
into account your AMT adjustments and  
preferences (that is, the section 172(d)  
modifications must be separately  
figured for the ATNOL). For example,  
the limitation of nonbusiness deductions  
to the amount of nonbusiness income  
must be separately figured for the  
ATNOL, using only nonbusiness income  
and deductions that are included in  
AMTI.  
If you are filing Form 8814, Parents'  
Election To Report Child's Interest and  
Dividends, include on this line any  
b. 100% of AMTI for the tax year  
(figured without regard to the ATNOLD)  
reduced by the amount determined  
under (1).  
tax-exempt interest income from line 1b  
of that form that is a preference item.  
Enter on line 2f the smaller of the  
ATNOLD or the ATNOLD limitation.  
Enter it as a negative amount.  
Line 2h—Qualified Small  
Business Stock  
If you claimed the exclusion under  
section 1202 for gain on qualified small  
business stock acquired before  
Any ATNOL not used generally may  
be carried back 2 years or forward up to  
20 years if it arose before your 2018 tax  
year. Any ATNOL arising after your  
2020 tax year generally may be carried  
forward indefinitely. For more  
Your ATNOLD may be limited. To  
figure the ATNOLD limitation, you must  
first figure your AMTI without regard to  
the ATNOLD. To do this, first figure a  
tentative amount for line 2d by treating  
line 2f as if it were zero. Next, figure a  
tentative total of lines 1 through 3 using  
the tentative line 2d amount and treating  
line 2f as if it were zero. This is your  
AMTI figured without regard to the  
ATNOLD. Your ATNOLD is limited to  
90% of the result.  
September 28, 2010, and held more  
than 5 years, multiply the excluded gain  
(as shown on Form 8949 in column (g))  
by 7% (0.07). Enter the result on line 2h  
as a positive amount.  
information about carryover periods and  
special rules for 2018 through 2020  
losses, see Pub. 536.  
Line 2i—Exercise of Incentive  
Stock Options  
The treatment of ATNOLs doesn’t  
affect your regular tax NOL. However, if  
you elected under section 172(b)(3) to  
forgo the carryback period for the  
regular tax, the election also applies for  
the AMT.  
For the regular tax, no income is  
recognized when an incentive stock  
option (ISO), as defined in section  
422(b), is exercised. However, this rule  
doesn’t apply for the AMT. Instead, you  
must generally include on line 2i the  
excess, if any, of:  
However, the 90% limit doesn’t apply  
to an ATNOL that is attributable to  
qualified disaster losses before  
Line 2g—Interest From Private  
Activity Bonds  
1. The fair market value of the stock  
acquired through exercise of the option  
(determined without regard to any lapse  
restriction) when your rights in the  
acquired stock first become transferable  
or when these rights are no longer  
subject to a substantial risk of forfeiture;  
over  
December 19, 2004 (as defined in  
section 172(j)), qualified Gulf  
Enter on line 2g interest income from  
“specified private activity bonds”  
Opportunity Zone losses (as defined in  
section 1400N(k)(2)), qualified recovery  
assistance losses (as defined in Pub.  
4492-A, Information for Taxpayers  
Affected by the May 4, 2007, Kansas  
Storms and Tornadoes), qualified  
reduced (but not below zero) by any  
deduction that would have been  
allowable if the interest were includible  
in gross income for the regular tax. Each  
payer of this type of interest should  
Instructions for Form 6251 (2021)  
-3-  
2. The amount you paid for the  
Use this line to report any AMT  
Enter on line 2k the combined  
adjustments for the four items listed  
earlier.  
Example. On March 13, 2020,  
Victor Ash, whose filing status is single,  
paid $20,000 to exercise an ISO (which  
was granted to him on January 3, 2019)  
to buy 200 shares of stock worth  
stock, including any amount you paid for adjustment resulting from refiguring:  
the ISO used to acquire the stock.  
1. Gain or loss from the sale,  
exchange, or involuntary conversion of  
property reported on Form 4797, Sales  
of Business Property;  
2. Casualty gain or loss to business  
or income-producing property reported  
on Form 4684, Casualties and Thefts;  
Even if your rights in the stock aren’t  
transferable and are subject to a  
substantial risk of forfeiture, you may  
elect to include in AMT income the  
excess of the stock's fair market value  
(determined without regard to any lapse  
restriction) over the exercise price upon  
the transfer to you of the stock acquired  
through exercise of the option. You  
must make the election by the 30th day  
after the date of the transfer. See Pub.  
525, Taxable and Nontaxable Income,  
for more details.  
$200,000. The $180,000 difference  
between his cost and the value of the  
stock at the time he exercised the option  
isn’t taxable for the regular tax. His  
regular tax basis in the stock at the end  
of 2020 is $20,000. For the AMT,  
3. Ordinary income from the  
disposition of property not already taken  
into account in (1) or (2) or on any other  
line on Form 6251, such as a  
disqualifying disposition of stock  
acquired in a prior year by exercising an  
incentive stock option; and  
however, Ash must include the  
$180,000 as an adjustment on his 2020  
Form 6251. His AMT basis in the stock  
at the end of 2020 is $200,000.  
If you acquired stock by exercising  
4. Capital gain or loss (including any  
an ISO and you disposed of that stock in carryover that is different for the AMT)  
On January 18, 2021, Ash sold 100  
of the shares for $75,000. Because Ash  
didn’t hold these shares more than 1  
year, that sale is a disqualifying  
the same year, the tax treatment under  
the regular tax and the AMT is the  
same, and no adjustment is required.  
reported on Form 8949, Sales and  
Other Dispositions of Capital Assets, or  
Schedule D (Form 1040), Capital Gains  
and Losses.  
disposition. For the regular tax, Ash has  
ordinary income of $65,000 ($75,000  
minus his $10,000 basis in the 100  
shares). Ash has no capital gain or loss  
for the regular tax resulting from the  
sale. For the AMT, Ash has no ordinary  
income, but has a short-term capital  
loss of $25,000 ($75,000 minus his  
$100,000 AMT basis in the 100 shares).  
Increase your AMT basis in any stock  
acquired through the exercise of an ISO  
by the amount of the adjustment. Keep  
adequate records for both the AMT and  
regular tax so that you can figure your  
adjustment. See the instructions for  
line 2k.  
Form 3921. If you received a Form  
3921, it may help you figure your  
adjustment.  
Example. You exercised an ISO to  
acquire 100 shares of stock in 2021.  
Your rights in the acquired stock first  
became transferable on the date you  
exercised the ISO and weren’t subject  
to a substantial risk of forfeiture. You  
didn’t pay anything for the ISO. You  
didn’t sell the acquired stock during  
2021. You received a Form 3921 that  
shows $10 in box 3 (the exercise price  
you paid for each share), $25 in box 4  
(the fair market value of each share on  
the exercise date), and 100 shares in  
box 5 (the number of shares you  
First figure any ordinary income  
adjustment related to (3) above. Then,  
refigure Form 4684, Form 4797, Form  
8949, and Schedule D for the AMT, if  
applicable, by taking into account any  
adjustments you made this year or in  
previous years that affect your basis or  
otherwise result in a different amount for  
the AMT. When you refigure your gain  
or loss on Form 8949 for AMT, the  
amount of gain you elected to defer for  
regular tax purposes due to an  
On April 21, 2021, Ash sold the other  
100 shares for $60,000. Because he  
held the shares for more than 1 year  
and more than 2 years had passed  
since the option was granted to him, the  
sale isn’t a disqualifying disposition. For  
the regular tax, Ash has a long-term  
capital gain of $50,000 ($60,000 minus  
his regular tax basis of $10,000). For the  
AMT, Ash has a long-term capital loss  
of $40,000 ($60,000 minus his AMT  
basis of $100,000).  
Ash has no other sales of stock or  
other capital assets for 2021. Ash enters  
a total negative adjustment of $118,000  
on line 2k of his 2021 Form 6251,  
figured as follows.  
investment in a qualified opportunity  
fund may need to be adjusted on your  
AMT Form 8949. An adjustment may be  
required if the regular tax and AMT  
adjusted basis of the property you sold  
prior to your investment is different.  
If you have a capital loss after  
refiguring Schedule D for the AMT,  
apply the $3,000 capital loss limitation  
separately to the AMT loss. Because  
the amount of your gains and losses  
may be different for the AMT, the  
amount of any capital loss carryover  
may also be different for the AMT. See  
the following example. To figure your  
AMT capital loss carryover, fill out an  
AMT Capital Loss Carryover Worksheet  
in the Schedule D instructions.  
acquired). To figure your adjustment,  
multiply the amount in box 4, $25, by the  
100 shares in box 5. The result is  
$2,500, the fair market value of all the  
shares. Then, multiply the amount in  
box 3, $10, by the 100 shares in box 5.  
The result is $1,000, the amount you  
paid for all the shares. Your adjustment  
is $1,500 ($2,500 − $1,000). Enter it on  
Form 6251, line 2i.  
Ash figures a negative adjustment of  
$65,000 for the difference between the  
$65,000 of regular tax ordinary income  
and the $0 of AMT ordinary income for  
the first sale.  
For the regular tax, Ash has $50,000  
For each of the four items listed  
earlier, figure the difference between the  
amount included in taxable income for  
the regular tax and the amount included  
in income for the AMT. Include the  
difference as a negative amount on  
line 2k if (a) both the AMT and regular  
tax amounts are zero or more and the  
AMT amount is less than the regular tax  
amount; or (b) the AMT amount is a  
loss, and the regular tax amount is a  
smaller loss, or is zero or more.  
capital gain net income from the second  
sale. For the AMT, Ash has a $25,000  
short-term capital loss from the first  
sale, and a $40,000 long-term capital  
loss from the second sale, resulting in a  
net capital loss of $65,000 for the AMT.  
However, only $3,000 of the $65,000  
net capital loss is allowed for 2021 for  
the AMT. The difference between the  
regular tax gain of $50,000 and the  
$3,000 loss allowed for the AMT results  
Line 2k—Disposition of  
Property  
Your AMT gain or loss from the  
disposition of property may be different  
from your gain or loss for the regular tax.  
This is because the property may have  
a different adjusted basis for the AMT.  
Instructions for Form 6251 (2021)  
-4-  
in a $53,000 negative adjustment to  
include on line 2k.  
Act of 1986, this rule applies to property  
placed in service after July 31, 1986.)  
Property depreciated under the  
unit-of-production method or any other  
method not expressed in a term of  
years.  
Ash has an AMT capital loss  
What Depreciation Isn’t Refigured  
for the AMT?  
carryover from 2021 to 2022 of $62,000,  
of which $22,000 is short term and  
$40,000 is long term. If he has no other  
Form 8949 or Schedule D transactions  
for 2022, his adjustment reported on his  
2022 Form 6251 would be limited to  
($3,000), the amount of his capital loss  
limitation for 2022.  
Indian reservation property that  
meets the requirements of section  
168(j).  
Don’t refigure depreciation for the AMT  
for the following.  
A natural gas gathering line placed in  
Residential rental property placed in  
service after April 11, 2005.  
service after 1998.  
Nonresidential real property with a  
How Is Depreciation Refigured for  
the AMT?  
class life of 27.5 years or more placed in  
service after 1998 that is depreciated for  
the regular tax using the straight line  
method.  
Line 2l—Post-1986  
Depreciation  
Property placed in service before  
1999. Refigure depreciation for the  
AMT using ADS, with the same  
convention used for the regular tax. See  
the following table for the method and  
recovery period to use.  
To avoid duplication, any AMT  
Other section 1250 property placed in  
adjustment or tax preference  
service after 1998 that is depreciated for  
the regular tax using the straight line  
method.  
!
CAUTION  
item taken into account on this  
line shouldn’t be taken into account in  
figuring the amount to enter on any  
other adjustment or tax preference item  
line of this form.  
Property (other than section 1250  
property) placed in service after 1998  
that is depreciated for the regular tax  
using the 150% declining balance  
method or the straight line method.  
Property Placed in Service Before 1999  
IF the property is...  
THEN use the...  
This section describes when  
depreciation must be refigured for the  
AMT and how to figure the amount to  
enter on line 2l.  
section 1250 property straight line method  
over 40 years.  
Property for which you elected to use  
the alternative depreciation system  
(ADS) of section 168(g) for the regular  
tax.  
tangible property  
(other than section  
1250 property)  
straight line method  
over the property's  
AMT class life.  
Don’t use line 2l for depreciation  
related to the following.  
depreciated using  
straight line method for  
the regular tax  
Qualified property that is or was  
Passive activities. Take this  
eligible for a special depreciation  
allowance if the depreciable basis of the  
property is the same for the AMT and  
the regular tax. This applies to any  
special depreciation allowance,  
adjustment into account on line 2m.  
any other tangible  
property  
150% declining  
An activity for which you aren’t at risk.  
balance method,  
switching to straight  
line method the first  
tax year it gives a  
larger deduction, over  
the property's AMT  
class life.  
Take this adjustment into account on  
line 2n.  
Income or loss from a partnership or  
including those for disaster assistance  
property, reuse and recycling property,  
cellulosic biofuel plant property, second  
generation biofuel plant property, New  
York Liberty Zone property, Gulf  
Opportunity Zone property, and Kansas  
disaster area recovery assistance  
property. The special allowance is  
deductible for the AMT, and no  
an S corporation if the basis limitations  
apply. Take this adjustment into account  
on line 2n.  
A tax shelter farm activity. Take this  
adjustment into account on line 3.  
What Depreciation Must Be  
Refigured for the AMT?  
Generally, you must refigure  
depreciation for the AMT, including  
depreciation allocable to inventory  
costs, for:  
Property placed in service after  
1998. Use the same convention and  
recovery period used for the regular tax.  
For property other than section 1250  
property, use the 150% declining  
balance method, switching to straight  
line the first tax year it gives a larger  
deduction. For section 1250 property,  
use the straight line method.  
adjustment is required for any  
depreciation figured on the remaining  
basis of the qualified property because  
the depreciable basis of the property is  
the same for the AMT and the regular  
tax. If you elected not to have any  
special depreciation allowance apply,  
the property may be subject to an AMT  
adjustment for depreciation if it was  
placed in service before 2016. It isn’t  
subject to an AMT adjustment for  
depreciation if it was placed in service  
after 2015.  
Property placed in service after 1998  
that is depreciated for the regular tax  
using the 200% declining balance  
method (generally 3-, 5-, 7-, and  
10-year property under the modified  
accelerated cost recovery system  
(MACRS), except for certain qualified  
property eligible for the special  
depreciation allowance (discussed  
later));  
How Is the AMT Class Life  
Determined?  
The class life used for the AMT isn’t  
necessarily the same as the recovery  
period used for the regular tax. The  
class lives for the AMT are listed in Rev.  
Proc. 87-56, 1987-2 C.B. 674, and in  
Pub. 946, How To Depreciate Property.  
Use 12 years for any tangible personal  
property not assigned a class life.  
Any part of the cost of any property  
for which you elected to take a section  
179 expense deduction. The reduction  
to the depreciable basis of section 179  
property by the amount of the section  
179 expense deduction is the same for  
the regular tax and the AMT.  
Section 1250 property placed in  
service after 1998 that isn’t depreciated  
for the regular tax using the straight line  
method; and  
Tangible property placed in service  
after 1986 and before 1999. (If the  
transitional election was made under  
section 203(a)(1)(B) of the Tax Reform  
Motion picture films, videotapes, or  
sound recordings.  
Instructions for Form 6251 (2021)  
-5-  
See Pub. 946 for tables that can  
be used to figure AMT  
The amount of any AMT  
passive activity loss that isn’t  
deductible and is carried  
activities (that aren’t passive), see the  
line 3 instructions.  
TIP  
TIP  
depreciation. Rev. Proc. 89-15,  
Refigure your gains and losses from  
activities for which you aren’t at risk and  
basis limitations applicable to  
partnerships and S corporations by  
taking into account all AMT adjustments  
and preferences that apply. See  
sections 59(h), 465, 704(d), and  
1366(d).  
1989-1 C.B. 816, has special rules for  
forward is likely to differ from the regular  
short years and for property disposed of tax amount, if any. Therefore, keep  
before the end of the recovery period.  
adequate records for both the AMT and  
regular tax.  
How Is the Adjustment Figured?  
Enter the difference between the  
amount that would be reported for the  
activity on Schedule C, E, or F or Form  
4835, Farm Rental Income and  
Subtract the AMT deduction for  
depreciation from the regular tax  
deduction and enter the result. If the  
AMT deduction is more than the regular  
tax deduction, enter the difference as a  
negative amount.  
Enter the difference between the  
amount that would be reported for the  
activity on Schedule C, E, or F or Form  
4835 for the AMT and the regular tax  
amount. If (a) the AMT loss is more than  
the regular tax loss, (b) the AMT gain is  
less than the regular tax gain, or (c) you  
have an AMT loss and a regular tax  
gain, enter the adjustment as a negative  
amount.  
Expenses, for the AMT and the regular  
tax amount. If (a) the AMT loss is more  
than the regular tax loss, (b) the AMT  
gain is less than the regular tax gain, or  
(c) you have an AMT loss and a regular  
tax gain, enter the adjustment as a  
negative amount.  
In addition to the AMT adjustment to  
your deduction for depreciation, also  
adjust the amount of depreciation that  
was capitalized, if any, to account for  
the difference between the rules for the  
regular tax and the AMT. Include on this  
line the current year adjustment to  
taxable income, if any, resulting from  
the difference.  
Enter any adjustment for amounts  
reported on Form 8949, Schedule D,  
Form 4684, or Form 4797, for the  
activity on line 2k instead of line 2m.  
See the instructions for line 2k.  
The AMT amount of any gain or  
loss from activities for which you  
aren’t at risk is likely to differ  
TIP  
from the regular tax amount. Your AMT  
basis in partnerships and S corporations  
is also likely to differ from your regular  
tax basis. Therefore, keep adequate  
records for both the AMT and regular  
tax.  
Line 2m—Passive Activities  
Refigure your passive activity gains and  
losses for the AMT by taking into  
account all adjustments and  
Publicly Traded Partnership (PTP)  
If you had a loss from a PTP, refigure  
the loss using any AMT adjustments  
and preferences and any AMT prior  
year unallowed loss.  
preferences and any AMT prior year  
unallowed losses that apply to that  
activity. You may fill out an AMT Form  
8582, Passive Activity Loss Limitations,  
and AMT versions of the other forms or  
schedules on which your passive  
activities are reported, to determine  
your passive activity loss allowed for the  
AMT, but don’t file the AMT versions of  
these forms and schedules with your tax  
return. Instead, keep them with your  
records.  
Enter any adjustment for amounts  
reported on Form 8949, Schedule D,  
Form 4684, or Form 4797, for the  
activity on line 2k instead of line 2n.  
Tax Shelter Passive Farm  
Activities  
Refigure any gain or loss from a tax  
shelter passive farm activity taking into  
account all AMT adjustments and  
preferences and any AMT prior year  
unallowed losses. If the amount is a  
gain, include it on the AMT Form 8582.  
If the amount is a loss, don’t include it  
on the AMT Form 8582. Carry the loss  
forward to 2022 to see if you have a  
gain or loss from tax shelter passive  
farm activities for 2022.  
Line 2o—Circulation Costs  
Don’t make this adjustment for  
costs for which you elected the  
!
CAUTION  
optional 3-year write-off for the  
regular tax.  
Example. You are a partner in a  
partnership and the Schedule K-1 (Form  
1065) you received shows the following.  
Circulation costs (expenditures to  
establish, maintain, or increase the  
circulation of a newspaper, magazine,  
or other periodical) deducted in full for  
the regular tax in the year they were  
paid or incurred must be capitalized and  
amortized over 3 years for the AMT.  
Enter the difference between the regular  
tax and AMT deduction. If the AMT  
deduction is more than the regular tax  
deduction, enter the difference as a  
negative amount.  
A passive activity loss of $4,125.  
A depreciation adjustment of $500 on  
post-1986 property.  
Insolvency  
An adjustment of $225 on the  
If at the end of the tax year your  
liabilities exceed the fair market value of  
your assets, increase your passive  
activity loss allowed by that excess (but  
not by more than your total loss). See  
section 58(c)(1).  
disposition of property.  
Because the two adjustments above  
are from the passive activity and aren’t  
allowed for the AMT, you must first  
reduce the passive activity loss by those  
amounts. The result is a passive activity  
loss for the AMT of $3,400. You then  
enter this amount on the AMT Form  
8582 and refigure the allowable passive  
activity loss for the AMT.  
If you had a loss on property for  
which circulation costs haven’t been  
fully amortized for the AMT, your AMT  
deduction is the smaller of (a) the loss  
allowable for the costs had they  
remained capitalized, or (b) the  
remaining costs to be amortized for the  
AMT.  
Line 2n—Loss Limitations  
To avoid duplication, any AMT  
adjustment or tax preference  
!
CAUTION  
item taken into account on this  
line shouldn’t be taken into account in  
figuring the amount to enter on any  
other adjustment or tax preference item  
line of this form.  
For passive activities, see the line 2m  
instructions instead. For tax shelter farm  
Instructions for Form 6251 (2021)  
-6-  
amortized these IDCs over a 120-month  
period starting with the month the well  
was placed in production. If you prefer  
not to use the 120-month period, you  
can elect to use any method that is  
permissible in determining cost  
depletion.  
Net income. Determine net income by  
reducing the gross income that you  
received or accrued during the tax year  
from all oil, gas, and geothermal wells  
by the deductions allocable to those  
wells (reduced by the excess IDCs).  
When refiguring net income, use only  
income and deductions allowed for the  
AMT.  
Line 2p—Long-Term Contracts  
Line 2r—Research and  
Experimental Costs  
To avoid duplication, any AMT  
adjustment or tax preference  
Don’t make this adjustment for  
!
CAUTION  
item taken into account on this  
costs paid or incurred in  
!
line shouldn’t be taken into account in  
figuring the amount to enter on any  
other adjustment or tax preference item  
line of this form.  
CAUTION  
connection with an activity in  
which you materially participated under  
the passive activity rules or for costs for  
which you elected the optional 10-year  
write-off for the regular tax.  
For the AMT, you must generally use  
the percentage-of-completion method  
described in section 460(b) to  
Research and experimental costs  
deducted in full for the regular tax in the  
tax year they were paid or incurred must  
be capitalized and amortized over 10  
years for the AMT. Enter the difference  
between the regular tax and AMT  
determine your income from any  
long-term contract (defined in section  
460(f)). However, this rule doesn’t apply  
to any home construction contract (as  
defined in section 460(e)(5) (formerly  
designated 460(e)(6)). For contracts  
excepted from the  
deduction. If the AMT deduction is more  
than the regular tax deduction, enter the  
difference as a negative amount.  
Exception. The preference for IDCs  
from oil and gas wells doesn’t apply to  
taxpayers who are independent  
percentage-of-completion method for  
the regular tax by section 460(e)(1), use  
the simplified procedures for allocating  
costs outlined in section 460(b)(3) to  
determine the percentage of  
producers (that is, not integrated oil  
companies as defined in section 291(b)  
(4)). However, this benefit may be  
limited. First, figure the IDC preference  
as if this exception didn’t apply. Then,  
for purposes of this exception, complete  
Form 6251 through line 3, including the  
IDC preference and treating line 2f as if  
it were zero, and combine lines 1  
If you had a loss on property for  
which research and experimental costs  
haven’t been fully amortized for the  
AMT, your AMT deduction is the smaller  
of (a) the loss allowable for the costs  
had they remained capitalized, or (b) the  
remaining costs to be amortized for the  
AMT.  
completion.  
Enter the difference between the  
AMT and regular tax income. If the AMT  
income is smaller, enter the difference  
as a negative amount.  
through 3. If the amount of the IDC  
preference exceeds 40% of the total of  
lines 1 through 3 (figured as described  
in the preceding sentence), enter the  
excess on line 2t (your benefit from this  
exception is limited). Otherwise, don’t  
enter an amount on line 2t (your benefit  
from this exception isn’t limited).  
Line 2s—Installment Sales  
The installment method doesn’t apply  
for the AMT to any nondealer  
Note. If you are required to use the  
percentage-of-completion method for  
either the regular tax or the AMT, you  
may owe or be entitled to a refund of  
interest for the tax year the contract is  
completed or adjusted. For details, see  
Form 8697, Interest Computation Under  
the Look-Back Method for Completed  
Long-Term Contracts.  
disposition of property after August 16,  
1986, but before January 1, 1987, if an  
installment obligation to which the  
proportionate disallowance rule applied  
arose from the disposition. Enter the  
amount of installment sale income  
reported for the regular tax as a  
Line 3—Other Adjustments  
Enter on line 3 the total of any other  
adjustments that apply to you, including  
the following.  
negative amount on line 2s.  
Line 2q—Mining Costs  
Line 2t—Intangible Drilling  
Costs (IDCs)  
Don’t make this adjustment for  
costs for which you elected the  
Depreciation Figured Using  
Pre-1987 Rules  
This preference generally applies only  
to property placed in service after 1987,  
but depreciated using pre-1987 rules  
due to transitional provisions of the Tax  
Reform Act of 1986.  
!
Don’t make this adjustment for  
CAUTION  
optional 10-year write-off for the  
costs for which you elected the  
regular tax.  
!
CAUTION  
optional 60-month write-off for  
Mining exploration and development  
costs deducted in full for the regular tax  
in the tax year they were paid or  
incurred must be capitalized and  
amortized over 10 years for the AMT.  
Enter the difference between the regular  
tax and AMT deduction. If the AMT  
deduction is more than the regular tax  
deduction, enter the difference as a  
negative amount.  
the regular tax.  
IDCs from oil, gas, and geothermal  
wells are a preference to the extent that  
the excess IDCs are more than 65% of  
the net income from the wells. Figure  
the preference for all oil and gas  
For the AMT, you must use the  
straight line method to figure  
properties separately from the  
depreciation on real property for which  
accelerated depreciation was  
preference for all geothermal properties.  
Excess IDCs. Figure excess IDCs as  
determined using pre-1987 rules. Use a  
recovery period of 19 years for 19-year  
real property and 15 years for  
follows.  
If you had a loss on property for  
which mining costs haven’t been fully  
amortized for the AMT, your AMT  
deduction is the smaller of (a) the loss  
allowable for the costs had they  
remained capitalized, or (b) the  
remaining costs to be amortized for the  
AMT.  
Step 1. Determine the amount of  
your IDCs allowed for the regular tax  
under section 263(c), but don’t include  
any section 263(c) deduction for  
nonproductive wells.  
low-income housing. For leased  
personal property other than recovery  
property, enter the amount by which  
your regular tax depreciation using the  
pre-1987 rules exceeds the  
depreciation allowable using the straight  
line method. For leased 10-year  
recovery property and leased 15-year  
Step 2. Subtract from the amount  
determined in Step 1 the amount that  
would have been allowed had you  
Instructions for Form 6251 (2021)  
-7-  
public utility property, enter the amount  
by which your regular tax depreciation  
exceeds the depreciation allowable  
using the straight line method with a  
half-year convention, no salvage value,  
and a recovery period of 15 years (22  
years for 15-year public utility property).  
gain, enter the adjustment as a negative  
amount.  
If you filed Schedule A to itemize  
your deductions, then don't make this  
adjustment.  
Enter any adjustment for amounts  
reported on Form 8949, Schedule D,  
Form 4684, or Form 4797 for the activity  
on line 2k instead of line 3.  
Related Adjustments  
If you have an entry on line 2c because  
you deducted investment interest  
allocable to an interest in a trade or  
business, or on line 2d, 2h, 2i, or 2k  
through 2t, or you have any amount  
included on line 3 from pre-1987  
Figure the excess of the regular tax  
depreciation over the AMT depreciation  
separately for each property and include  
on line 3 only positive amounts.  
Charitable Contributions of Certain  
Property  
If you made a charitable contribution of  
property to which section 170(e) applies  
and you had a different basis for AMT  
purposes, you may have to make an  
adjustment. See section 170(e) for  
details.  
depreciation, pollution control facilities,  
or tax shelter farm activities, you may  
have to refigure any item of income or  
deduction based on a limit of income  
other than AGI or modified AGI.  
Pollution Control Facilities  
The section 169 election to amortize the  
basis of a certified pollution control  
facility over a 60-month or 84-month  
period isn’t available for the AMT. For  
facilities placed in service before 1999,  
figure the AMT deduction using ADS.  
For facilities placed in service after  
1998, figure the AMT deduction under  
MACRS using the straight line method.  
Enter the difference between the regular  
tax and AMT deduction. If the AMT  
deduction is more than the regular tax  
deduction, enter the difference as a  
negative amount.  
Affected items include the following.  
Business Interest Limitation  
Section 179 expense deduction  
Complete an AMT Form 8990 using  
amounts adjusted for AMT. Enter the  
difference between the AMT and regular  
tax allowable interest expense. If line 30  
of the AMT Form 8990 is more than the  
amount on line 30 of the regular tax  
Form 8990, enter the difference as a  
negative amount.  
(Form 4562, line 12).  
Expenses for business or rental use  
of your home.  
Conservation expenses (Schedule F  
(Form 1040), line 12).  
Taxable IRA distributions (Form  
1040, 1040-SR, or 1040-NR, line 4b), if  
prior year IRA deductions were different  
for the AMT and the regular tax.  
Biofuel Producer Credit and  
Biodiesel and Renewable Diesel  
Fuels Credit  
If your taxable income includes the  
amount of the biofuel producer credit or  
biodiesel and renewable diesel fuels  
credit, include that amount as a  
negative amount on line 3.  
Self-employed health insurance  
Tax Shelter Farm Activities  
deduction (Schedule 1 (Form 1040),  
line 17).  
Figure this adjustment only if you have a  
gain or loss from a tax shelter farm  
activity (as defined in section 58(a)(2))  
that isn’t a passive activity. If the activity  
is passive, you must include it with your  
other passive activities on line 2m.  
Self-employed SEP, SIMPLE, and  
qualified plans deduction (Schedule 1  
(Form 1040), line 16).  
IRA deduction (Schedule 1 (Form  
1040), line 20), affected by the earned  
income limitation of section 219(b)(1)  
(B).  
Refigure all gains and losses you  
reported for the regular tax from tax  
shelter farm activities by taking into  
account any AMT adjustments and  
preferences. Determine your tax shelter  
farm activity gain or loss for the AMT  
using the same rules you used for the  
regular tax with the following  
Mortgage Interest  
Figure the difference between the  
AMT and regular tax amount for each  
item. Combine the amounts for all your  
related adjustments and include the  
total on line 3. Keep a copy of all  
If you deducted home mortgage interest  
on Schedule A for a dwelling that isn’t a  
principal residence (within the meaning  
of section 121) or qualified dwelling for  
AMT, include that deducted interest on  
line 3. A qualified dwelling for AMT is a  
house, apartment, condominium, or  
mobile home not used on a transient  
basis. A qualified dwelling for AMT  
doesn’t include house boats and  
computations for your records, including  
any AMT carryover and basis amounts.  
modifications.  
No refigured loss is allowed, except  
Don’t include on line 3 any  
to the extent you are insolvent (see  
section 58(c)(1)).  
adjustment for an item you  
!
CAUTION  
refigured on another line of this  
Don’t use a refigured loss in the  
recreational vehicles.  
form (for example, line 2d).  
current tax year to offset gains from  
other tax shelter farm activities. Instead,  
suspend any refigured loss and carry it  
forward indefinitely until (a) you have a  
gain in a subsequent tax year from that  
same activity, or (b) you dispose of the  
activity.  
Example. On your Schedule C  
(Form 1040), you have a net profit of  
$9,000 before figuring your section 179  
deduction. You don’t report any other  
business income on your return. During  
the year, you purchased an asset for  
$10,000 for which you elect to take the  
section 179 deduction. You also have  
an AMT depreciation adjustment of  
$700 for other assets depreciated on  
your Schedule C.  
Net Qualified Disaster Loss  
If you filed Schedule A to claim an  
increased standard deduction on Form  
1040 or Form 1040-SR due to a loss  
you suffered related to property in a  
federally declared disaster area, then  
include on line 3 the standard deduction  
amount you listed on the dotted line  
next to Schedule A, line 16, as your  
“Standard Deduction Claimed With  
Qualified Disaster Loss.”  
Enter the difference between the  
amount that would be reported for the  
activity on Schedule E or F or Form  
4835 for the AMT and the regular tax  
amount. If (a) the AMT loss is more than  
the regular tax loss, (b) the AMT gain is  
less than the regular tax gain, or (c) you  
have an AMT loss and a regular tax  
Your section 179 deduction for the  
regular tax is limited to your net profit  
(before any section 179 deduction) of  
Instructions for Form 6251 (2021)  
-8-  
$9,000. The $1,000 excess is a section  
179 deduction carryforward for the  
regular tax.  
For the AMT, your net profit is  
$9,700, and you are allowed a section  
179 deduction of $9,700 for the AMT.  
You have a section 179 deduction  
carryforward of $300 for the AMT.  
You include a $700 negative  
adjustment on line 3 because your  
section 179 deduction for the AMT is  
$700 greater than your allowable  
regular tax deduction. In the following  
year, when you use the $1,000 regular  
tax carryforward, you will have a $700  
positive related adjustment for the AMT  
because your AMT carryforward is only  
$300.  
amount on Schedule E, line 38, column  
(c). If the amount in column (c) is larger  
than the amount you would otherwise  
enter on line 4, enter the amount from  
column (c) instead and enter “Sch. Q”  
on the dotted line next to line 4.  
IF your filing  
status is...  
AND line 4 is not  
over...  
THEN enter on  
line 5...  
Single  
$
523,600  
523,600  
$
73,600  
Married filing  
separately  
57,300  
Qualifying  
widow(er)  
1,047,200  
114,600  
If your filing status is married filing  
separately, be sure to include the  
additional amount that must be added to  
line 4 (as explained above) before you  
compare line 4 with the amount on  
Schedule E, line 38, column (c).  
Line 7  
If you claimed the foreign earned  
income exclusion, housing exclusion, or  
housing deduction on Form 2555, you  
must use the Foreign Earned Income  
Tax Worksheet in these instructions to  
figure the amount to enter on line 7.  
Part II—Alternative  
Minimum Tax  
Line 5—Exemption Amount  
Form 1040-NR. If you are filing Form  
1040-NR and you reported capital gain  
distributions directly on Form 1040-NR,  
line 7; you reported qualified dividends  
on Form 1040-NR, line 3a; or you had a  
gain on both lines 15 and 16 of  
If line 4 is more than the amount shown  
for your filing status in the middle  
column of the chart on line 5, see the  
Exemption Worksheet to figure the  
amount to enter on line 5.  
Form 1040-NR. If you are filing Form  
1040-NR, use the following chart to  
figure the amount to enter on line 5.  
However, if line 4 is more than the  
amount shown for your filing status in  
the middle column of the chart, use the  
Exemption Worksheet to figure the  
amount to enter on line 5.  
Line 4—Alternative Minimum  
Taxable Income  
If your filing status is married filing  
separately and line 4 is more than  
$752,800, you must include an  
Schedule D (Form 1040) (as refigured  
for the AMT, if necessary), complete  
Part III of Form 6251 and enter the  
amount from line 40 on line 7. All other  
Form 1040-NR filers, don’t complete  
Part III. Instead, if Form 6251, line 6, is  
$199,900 or less ($99,950 or less if  
married filing separately), figure the  
amount to enter on line 7 by multiplying  
line 6 by 26% (0.26). Otherwise, figure  
the amount to enter on line 7 by  
additional amount on line 4. If line 4 is  
$982,000 or more, include an additional  
$57,300. Otherwise, include 25% of the  
excess of the amount on line 4 over  
$752,800. For example, if the amount  
on line 4 is $772,800, enter $777,800  
instead—the additional $5,000 is 25%  
of $20,000 ($772,800 minus $752,800).  
Special Rule for Holders of a  
Residual Interest in a REMIC  
If you held a residual interest in a real  
estate mortgage investment conduit  
(REMIC) in 2021, the amount you enter  
on line 4 may not be less than the  
multiplying line 6 by 28% (0.28) and  
subtracting $3,998 ($1,999 if married  
filing separately) from the result.  
Line 8—Alternative Minimum  
Tax Foreign Tax Credit  
(AMTFTC)  
The AMTFTC is a credit that you can  
claim against the AMT. You will figure  
the AMTFTC using the same limitation  
rules that apply to the foreign tax credit  
for regular tax purposes, but with AMT  
amounts. However, you may be able to  
simplify your AMTFTC calculation by  
electing to use some of the same  
Exemption Worksheet—  
Line 5  
Keep for Your Records  
Note. If Form 6251, line 4, is equal to or more than: $818,000 if single or head of household,  
$1,505,600 if married filing jointly or qualifying widow(er), or $752,800 if married filing separately,  
your exemption is zero. Don’t complete this worksheet; instead, enter the amount from Form 6251,  
line 4, on line 6 and go to line 7.  
1. Enter: $73,600 if single or head of household; $114,600 if married  
filing jointly or qualifying widow(er); $57,300 if married filing  
amounts you used to figure your foreign  
tax credit. See Simplified Limitation  
Election, later, for more information.  
separately . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.  
2. Enter your alternative minimum taxable  
Do I need to fill out line 8? Before  
figuring your AMTFTC, figure your  
foreign tax credit for the regular tax and  
complete Schedule 3 (Form 1040),  
line 1. Next, fill in Form 6251, line 10, as  
instructed. If the amount on line 10 is  
greater than or equal to the amount on  
line 7, do the following.  
income (AMTI) from Form 6251, line 4 . . . . . . 2.  
3. Enter: $523,600 if single or head of  
household; $1,047,200 if married filing jointly  
or qualifying widow(er); $523,600 if married  
filing separately . . . . . . . . . . . . . . . . . . . . . . . 3.  
4. Subtract line 3 from line 2. If zero or less,  
enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.  
Leave line 8 blank and enter -0- on  
5. Multiply line 4 by 25% (0.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
5.  
6.  
line 11.  
6. Subtract line 5 from line 1. If zero or less, enter -0-. Also, enter  
See Who Must File, earlier, to find out  
this amount on Form 6251, line 5, and go to Form 6251,  
if you must attach Form 6251 to your  
return.  
line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
Instructions for Form 6251 (2021)  
-9-  
 
Determine if you can carry back or  
instead of the regular tax rate to  
But you don’t need to make any  
adjustments if:  
carry forward your unused 2021  
Carryforward, later. If you can carry  
back or carry forward your unused 2021  
AMTFTC, you will need to complete  
line 8 for your records.  
determine if any income is “high-taxed.”  
You qualify for the adjustment  
Step 2. Complete Part I of each AMT  
Form 1116 using only income and  
deductions that are allowed for the AMT  
and attributable to sources outside the  
United States.  
exception under Qualified Dividends  
and Capital Gain Tax Worksheet  
(Individuals) or Adjustments to foreign  
qualified dividends under Schedule D  
Filers in the Instructions for Form 1116,  
and  
If the amount on line 10 is less than  
the amount on line 7, figure your  
AMTFTC and enter it on line 8.  
Simplified limitation election. If  
you previously made or are making the  
simplified limitation election, skip Part I  
and go to Step 3. For more information  
about the simplified limitation election,  
Foreign source qualified dividends  
and capital gains. If you have any  
foreign source qualified dividends or  
foreign source capital gains (including  
any foreign source capital gain  
Line 17 of Form 6251 isn’t more than  
$199,900 ($99,950 if married filing  
separately (on Form 1040, 1040-SR or  
1040-NR)).  
Figuring the AMTFTC. If you made an  
election to claim the foreign tax credit on  
your 2021 tax return without filing Form  
1116, your AMTFTC is the same as the  
foreign tax credit on Schedule 3 (Form  
1040), line 1. Enter that amount on Form  
6251, line 8. For more information about  
electing to claim your foreign tax credit  
without filing Form 1116, see the  
Use your capital gains and losses as  
refigured for the AMT to determine  
whether your total amounts are less  
than the $20,000 threshold under the  
adjustment exception. If you qualify for  
the adjustment exception, your election  
also applies when you determine  
distributions) or losses, use the  
following instructions to determine  
whether you must make adjustments to  
those amounts before you include the  
amounts on line 1a or line 5 of the AMT  
Form 1116.  
Instructions for Form 1116.  
whether you must adjust your capital  
gain distributions or other capital gains  
or losses. It also applies to Step 4.  
Otherwise, figure your AMTFTC as  
follows.  
Step 1. Separate your foreign source  
income into categories. See the  
Instructions for Form 1116 for  
To adjust your foreign source  
qualified dividends, multiply your foreign  
source qualified dividends in each  
separate category by 0.5357 if the  
foreign source qualified dividends are  
taxed at a rate of 15%, and by 0.7143 if  
they are taxed at a rate of 20%. Include  
the results on line 1a of the applicable  
AMT Form 1116.  
You adjust your foreign source  
qualified dividends taxed at the 0% rate  
by not including them on line 1a.  
Amounts taxed at the 0% rate are on  
Foreign qualified dividends. You  
must adjust your foreign source  
qualified dividends before you include  
those amounts on line 1a of the AMT  
Form 1116 if:  
information about categories of income.  
Complete a separate AMT Form 1116  
for each separate category of income.  
Write “AMT” and specify the category of  
income in the top margin of each Form  
1116.  
Line 38 of Form 6251 is smaller than  
line 39, and  
Line 17 of Form 6251 is greater than  
Figuring high-taxed income.  
When applying the separate categories  
of income, use the applicable AMT rate  
zero.  
Keep for Your Records  
Foreign Earned Income Tax Worksheet—Line 7  
If Form 6251, line 6, is zero, don’t complete this worksheet.  
Before you begin:  
1. Enter the amount from Form 6251, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
2a. Enter the amount from your (and your spouse's if filing jointly) Form 2555,  
1.  
lines 45 and 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
2a.  
ꢀb. Enter the total amount of any itemized deductions or exclusions you  
couldn't claim because they are related to excluded income . . . . . . . . . .  
2b.  
ꢀc. Subtract line 2b from line 2a. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
3. Add lines 1 and 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
4. Tax on the amount on line 3.  
2c.  
3.  
If you reported capital gain distributions directly on Form 1040 or 1040-SR, line 7; or you reported  
qualified dividends on Form 1040 or 1040-SR, 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), enter the amount from line 3 of this  
worksheet on Form 6251, line 12. Complete the rest of Part III of Form 6251. However, before  
completing Part III, see Form 2555, later, to see if you must complete Part III with certain modifications.  
Then, enter the amount from Form 6251, line 40, here.  
4..  
All others: If line 3 is $199,900 or less ($99,950 or less if married filing separately), multiply line 3 by  
26% (0.26). Otherwise, multiply line 3 by 28% (0.28) and subtract $3,998 ($1,999 if married filing  
separately) from the result.  
5. Tax on the amount on line 2c. If line 2c is $199,900 or less ($99,950 or less if married filing separately),  
multiply line 2c by 26% (0.26). Otherwise, multiply line 2c by 28% (0.28) and subtract $3,998 ($1,999 if  
married filing separately) from the result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.  
6. Subtract line 5 from line 4. Enter the result here and on Form 6251, line 7 . . . . . . . . . . . . . . . . . . . . . . . .  
6.  
Instructions for Form 6251 (2021)  
-10-  
line 9 of the Qualified Dividends and  
Capital Gain Tax Worksheet or line 22  
of the Schedule D Tax Worksheet.  
On the AMT Qualified Dividends and  
line 10.  
Simplified limitation election. If  
Capital Gain Tax Worksheet, (a) line 3  
of that worksheet is zero or less, (b)  
line 5 of that worksheet is zero, or (c)  
line 23 of that worksheet is equal to or  
greater than line 24.  
you previously made or are making the  
simplified limitation election, complete  
Part II and lines 9 through 14. Use your  
AMTFTC carryover, if any, on line 10.  
Skip lines 15 and 16. Enter on your AMT  
Form 1116, line 17, the same amount  
you entered on that line for the regular  
tax.  
Don’t adjust the amount of any  
foreign source qualified  
!
CAUTION  
dividends you elected to include  
On the AMT Schedule D Tax  
on line 4g of AMT Form 4952.  
Worksheet, (a) line 18 is zero, (b) line 9  
is zero or less, or (c) line 45 is equal to  
or greater than line 46.  
Individuals with capital gain  
distributions only. If you have no  
capital gains or losses other than capital  
gain distributions from box 2a of  
Use Worksheet B in the Instructions  
Step 4. Enter the amount from line 4 of  
Form 6251 on line 18 of the AMT Form  
1116 unless you must complete an AMT  
Worksheet for Line 18. In most cases,  
you must complete an AMT Worksheet  
for Line 18 if you completed Part III of  
Form 6251 and:  
for Form 1116 if you:  
Can’t use Worksheet A,  
Form(s) 1099-DIV or substitute  
Have foreign source capital gains and  
statement(s), you must adjust your  
foreign source capital gain distributions  
if you are required to adjust your foreign  
source qualified dividends under the  
rules just described or you would be  
required to adjust your foreign source  
qualified dividends if you had any.  
losses in no more than two separate  
categories,  
Didn’t have any item of unrecaptured  
section 1250 gain or 28% rate gain or  
loss for the AMT, and  
Line 38 of Form 6251 is smaller than  
line 39, and  
Line 17 of Form 6251 is greater than  
Don’t have any capital gains taxed at  
a rate of 0% or 20%.  
To adjust your foreign source capital  
gain distributions, multiply your foreign  
source capital gain distributions in each  
separate category by 0.5357 if the  
foreign source capital gain distributions  
are taxed at a rate of 15%, and by  
0.7143 if they are taxed at a rate of  
20%. Include the results on line 1a of  
the applicable AMT Form 1116.  
You adjust your foreign source  
capital gain distributions taxed at the 0%  
rate by not including them on line 1a.  
Amounts taxed at the 0% rate are on  
line 9 of the Qualified Dividends and  
Capital Gain Tax Worksheet or line 22  
of the Schedule D Tax Worksheet.  
zero.  
Instructions for Worksheets A and  
B. When you complete Worksheet A or  
Worksheet B, use foreign source capital  
gains and losses, as refigured for the  
AMT if necessary, and don’t use any  
foreign source capital gains you elected  
to include on line 4g of AMT Form 4952.  
If you are required to complete a  
But even if you meet the  
requirements above, you don’t need to  
complete an AMT Worksheet for  
Line 18 if:  
You qualify for the adjustment  
exception under Qualified Dividends  
and Capital Gain Tax Worksheet  
(Individuals) or Adjustments to foreign  
qualified dividends under Schedule D  
Filers in the Instructions for Form 1116,  
and  
Schedule D for the AMT, use line 16 of  
that AMT Schedule D to complete line 3  
of Worksheet A or line 4 of the Line 2  
Worksheet for Worksheet B. Use  
Line 17 of Form 6251 isn’t more than  
0.5357 instead of the number used for  
regular tax to complete lines 11, 13, and  
15 of Worksheet B and to complete  
lines 8, 11, and 17 of the Line 15  
$199,900 ($99,950 if married filing  
separately (on Form 1040, 1040-SR, or  
1040-NR).  
Note. Use your capital gains and  
losses as refigured for the AMT to  
determine whether your total amounts  
are less than the $20,000 threshold  
under the adjustment exception. If you  
have any foreign source qualified  
dividends or capital gains (or losses),  
then you must make the same  
adjustment exception election you  
made in Step 2.  
Don’t adjust the amount of any  
Worksheet for Worksheet B.  
foreign source capital gain  
!
If you don’t qualify to use Worksheet  
A or Worksheet B, use the instructions  
for Capital Gains and Losses in Pub.  
514 to determine the adjustments you  
make. When using the instructions in  
Pub. 514 to determine if you must adjust  
foreign source capital gains and losses,  
make the following substitutions.  
CAUTION  
distributions you elected to  
include on line 4g of AMT Form 4952.  
Individuals with other capital  
gains or losses. If any capital gain or  
loss is different for the AMT, use  
amounts as refigured for the AMT to  
complete this step. Use Worksheet A in  
the Instructions for Form 1116 to  
determine the adjustments you must  
make to your foreign source capital  
gains or losses (as refigured for the  
AMT) if you have foreign source capital  
gains or losses (as refigured for the  
AMT) in no more than two separate  
categories and any of the following  
apply.  
When the amount of any AMT gain is  
Instructions for AMT Worksheet  
for Line 18. If you must complete an  
AMT Worksheet for Line 18 for your  
AMT Form 1116, you will use the  
in the 15% rate group, multiply it by  
0.5357 instead of the number used for  
regular tax.  
When the amount of any AMT gain is  
Worksheet for Line 18 in the Instructions  
in the 20% rate group, multiply it by  
0.7143 instead of the number used for  
regular tax.  
for Form 1116 and do the following.  
1. Enter the amount from Form  
When the amount of any AMT gain is  
6251, line 4, on line 1 of the worksheet.  
in the 25% rate group, multiply it by  
0.8929 instead of the number used for  
regular tax.  
2. Skip lines 2 and 3 of the  
You aren’t required to make  
worksheet.  
adjustments to your foreign source  
qualified dividends under the rules  
described earlier (or you wouldn’t be  
required to make those adjustments if  
you had foreign source qualified  
dividends).  
3. Enter the amount from Form  
When the amount of any AMT gain is  
6251, line 36, on line 4 of the worksheet.  
in the 28% rate group, multiply it by 1.0  
instead of the number used for regular  
tax.  
4. Multiply line 4 of the worksheet by  
0.1071 (instead of the number used for  
regular tax). Enter the result on line 5 of  
the worksheet.  
Line 15 or 16 of the AMT Schedule D  
Step 3. Complete Part II and lines 9  
through 17 of the AMT Form 1116. Use  
your AMTFTC carryover, if any, on  
(Form 1040) is zero or a loss.  
Instructions for Form 6251 (2021)  
-11-  
5. Enter the amount from Form  
used for regular tax. (The amount on  
adjustments, an ISO adjustment, or a  
different AMT capital loss carryover  
from 2020).  
2. You didn’t complete either the  
Qualified Dividends and Capital Gain  
Tax Worksheet or the Schedule D Tax  
Worksheet because Form 1040,  
1040-SR, or Form 1040-NR, line 15, is  
zero.  
6251, line 33, on line 6 of the worksheet. line 17 of your AMT Form 1116 will be  
the same as the amount on line 17 of  
your regular tax Form 1116.) You must  
make the election for the first tax year  
after 1997 for which you claim an  
6. Multiply line 6 of the worksheet by  
0.2857 (instead of the number used for  
regular tax). Enter the result on line 7 of  
the worksheet.  
AMTFTC. If you don’t make the election  
for that year, you may not make it for a  
later year. Once made, the election  
applies to all later tax years and may be  
revoked only with IRS consent.  
7. Enter the amount from Form  
6251, line 30, on line 8 of the worksheet.  
8. Multiply line 8 of the worksheet by  
0.4643 (instead of the number used for  
regular tax). Enter the result on line 9 of  
the worksheet.  
9. Enter the amount from Form  
6251, line 23, on line 10 of the  
worksheet.  
10. Complete lines 11 and 12 of the  
worksheet, as instructed on the  
worksheet.  
11. Enter the amount from your AMT  
Worksheet for Line 18 on your AMT  
Form 1116, line 18.  
3. You received a Schedule K-1  
(Form 1041) that shows an amount in  
box 12 with code B, C, D, E, or F.  
Line 10  
If you file Form 8978, Partner's  
Then, use the following instructions  
that apply to you.  
Additional Reporting Year Tax, you will  
need to decrease the amount you report  
on Form 6251, line 10, by any negative  
amount reported on Form 8978, line 14  
(treated as a positive number). If any  
additional guidance is provided related  
to reporting amounts from Form 8978  
on Form 6251, we will post it at IRS.gov/  
Form6251 under Recent Developments.  
If none of the statements apply, go to  
If only statement (2) applies, go to  
If statement (3) applies (by itself or in  
combination with statement (1) or (2)),  
first, then go to Statement (1) or (3)  
applies, later.  
Step 5. Enter the amount from Form  
6251, line 7, on the AMT Form 1116,  
line 20. Complete lines 19 through 24 of  
the AMT Form 1116.  
If you file Schedule J, Income  
Averaging for Farmers and Fishermen,  
to figure your tax on Form 1040,  
1040-SR, or 1040-NR, line 16, you must  
refigure that tax (including any tax from  
Form 8814) without using Schedule J  
before completing this line. This is only  
for Form 6251; don’t change the amount  
on Form 1040, 1040-SR, or 1040-NR,  
line 16.  
For all other situations, go to  
None of the statements apply. If (1),  
(2), or (3) don’t apply, then for Part III of  
these instructions, the AMT versions of  
your Qualified Dividends and Capital  
Gain Tax Worksheet, Schedule D Tax  
Worksheet, Unrecaptured Section 1250  
Gain Worksheet, 28% Rate Gain  
Step 6. Complete Part IV of the first  
AMT Form 1116 only.  
Enter on Form 6251, line 8, the  
amount from line 35 of the first AMT  
Form 1116.  
Attach to your tax return, after Form  
6251, all AMT Forms 1116 you used to  
figure your AMTFTC. But don’t attach  
AMT Forms 1116 if your AMTFTC is the  
same as your regular tax foreign tax  
credit.  
Worksheet, and Schedule D will be the  
same as those you used for regular tax  
purposes. Use the regular tax amounts  
to complete lines 13, 14, and 15.  
If you filed Form 2555, see Form  
2555, later, for additional modifications  
you may have to make before entering  
amounts on lines 13, 14, and 15.  
Statement (1) or (3) applies. If (1)  
applies, complete all of the following  
steps. If (3) applies, but (1) doesn’t,  
complete steps 2 through 4 only.  
Form 1040-NR. If you are filing Form  
1040-NR, add Form 1040-NR, line 16  
(minus any tax from Form 4972, Tax on  
Lump-Sum Distributions) and Schedule  
2 (Form 1040), line 2. Subtract from the  
result Schedule 3 (Form 1040), line 1  
and any negative amount reported on  
Form 8978, line 14 (treated as a positive  
number). If zero or less, enter -0-. If you  
file Schedule J to figure your tax on  
Form 1040-NR, line 16, refigure that tax  
without using Schedule J before  
AMTFTC Carryback and  
Carryforward  
If your AMTFTC is limited, the unused  
amount may generally be carried back  
or forward according to section 904(c).  
No AMTFTC carryback or carryfor-  
ward allowed in 2021. If you made the  
election to claim the foreign tax credit on  
your 2021 tax return without filing Form  
1116, any unused AMTFTC for 2021  
can’t be carried back or forward. In  
addition, you can’t claim any unused  
AMTFTC from another year in 2021.  
For more information about electing  
to claim your foreign tax credit without  
filing Form 1116, see the Instructions for  
Form 1116.  
completing Form 6251, line 10 (see  
preceding paragraph).  
Step 1. Complete an AMT Form  
8949 or, if applicable, lines 1a and 8a of  
an AMT Schedule D, by refiguring, for  
example, your basis for the AMT.  
Line 11  
If you are filing Form 1040-NR, enter the  
amount from line 11 on Schedule 2  
(Form 1040), line 1.  
Step 2. Complete lines 1b through  
20 of an AMT Schedule D.  
Part III—Tax Computation  
Using Maximum Capital  
Gains Rates  
Step 3. Complete lines 2 through 4  
of an AMT Qualified Dividends and  
Capital Gain Tax Worksheet or lines 2  
through 13 of an AMT Schedule D Tax  
Worksheet, whichever applies. (See  
line 20 of your AMT Schedule D, if you  
completed one, to determine which  
worksheet applies.)  
Lines 13, 14, and 15  
Determine if any of the following  
Simplified Limitation Election  
statements apply.  
You may elect to use a simplified  
1. The gain or loss from any  
Complete lines 3 and 4 of the AMT  
Schedule D Tax Worksheet, using your  
AMT Form 4952.  
section 904 limitation to figure your  
AMTFTC. If you do, when figuring your  
AMTFTC, you will use the same net  
foreign source income for AMT that you  
transaction reported on Form 8949 or  
Schedule D is different for the AMT (for  
example, because of a different basis  
for the AMT due to depreciation  
Instructions for Form 6251 (2021)  
-12-  
       
Step 4. Use amounts from the AMT  
Tax Worksheet or line 9 of your AMT  
Schedule D Tax Worksheet (but not  
Line 19  
Qualified Dividends and Capital Gain  
If you are filing Form 1040-NR, enter  
$40,400 ($80,800 if your filing status is  
qualifying widow(er)).  
Tax Worksheet or AMT Schedule D Tax below zero) by your AMT capital gain  
Worksheet, whichever applies, and the  
AMT Schedule D to complete lines 13,  
14, and 15.  
excess.  
2. Reduce the amount you would  
Line 20  
otherwise enter on line 2 of your AMT  
Qualified Dividends and Capital Gain  
Tax Worksheet or line 6 of your AMT  
Schedule D Tax Worksheet (but not  
below zero) by any of your AMT capital  
gain excess not used in (1).  
If you are filing Form 1040-NR, enter on  
Form 6251, line 20, the amount from  
line 5 of the Qualified Dividends and  
Capital Gain Tax Worksheet, or the  
amount from line 14 of the Schedule D  
Tax Worksheet, whichever applies (as  
figured for the regular tax). If you didn’t  
complete either worksheet for the  
regular tax, enter the amount from Form  
1040-NR, line 15; if zero or less,  
enter -0-.  
If you filed Form 2555, see Form  
2555, later, for additional modifications  
you may have to make before entering  
amounts on lines 13, 14, and 15.  
Only statement (2) applies. If (2)  
applies, but (1) and (3) don’t, complete  
the following steps.  
3. Reduce the amount on your AMT  
Schedule D (Form 1040), line 18, (but  
not below zero) by your AMT capital  
gain excess.  
4. Include your AMT capital gain  
excess as a loss on line 16 of your AMT  
Unrecaptured Section 1250 Gain  
Worksheet in the Instructions for  
Schedule D (Form 1040).  
Step 1. Complete lines 2 through 4  
of an AMT Qualified Dividends and  
Capital Gain Tax Worksheet or lines 2  
through 13 of an AMT Schedule D Tax  
Worksheet, whichever applies. (See  
line 20 of your Schedule D to determine  
which worksheet applies.)  
Complete lines 3 and 4 of the AMT  
Schedule D Tax Worksheet, using your  
AMT Form 4952.  
Form 2555. If you are filing Form 2555,  
the amount you enter on line 20 will take  
into account your regular tax capital  
gain excess, if any. Don’t refigure it  
using the amount of your AMT capital  
gain excess.  
If you are filing Form 2555 and you  
didn’t complete either the Qualified  
Dividends and Capital Gain Tax  
Worksheet or the Schedule D Tax  
Worksheet for the regular tax, enter the  
amount from line 3 of the Foreign  
Earned Income Tax Worksheet in the  
Form 1040 instructions (as figured for  
the regular tax).  
Also see the instructions for line 20.  
Beneficiaries of estates or trusts. If  
you received a Schedule K-1 (Form  
1041) that shows an adjustment in  
box 12, follow the instructions in the  
following table.  
Step 2. Use amounts from the AMT  
Qualified Dividends and Capital Gain  
Tax Worksheet or AMT Schedule D Tax  
Worksheet, whichever applies, and the  
Schedule D you used for regular tax to  
complete lines 13, 14, and 15.  
If you filed Form 2555, see Form  
2555, later, for additional modifications  
you may have to make before entering  
amounts on lines 13, 14, and 15.  
IF the code in  
box 12 is...  
THEN include that  
adjustment in figuring the  
amount on...  
B
line 2 of an AMT Qualified  
Dividends and Capital Gain  
Tax Worksheet or an AMT  
Schedule D Tax Worksheet,  
whichever applies.  
Line 25  
If you are filing Form 1040-NR, enter on  
Form 6251, line 25, the amount from the  
list below that corresponds to your filing  
status.  
Keep the AMT Form 8949, AMT  
C
D
E
line 5 of an AMT Schedule D.  
line 12 of an AMT Schedule D.  
Schedule D, and the applicable  
AMT worksheet for your  
TIP  
line 11 of an AMT  
Unrecaptured Section 1250  
Gain Worksheet.  
$445,850 if single.  
records, but don’t attach any of them to  
your tax return.  
$250,800 if married filing separately.  
$501,600 if qualifying widow(er).  
F
line 4 of an AMT 28% Rate  
Gain Worksheet.  
Note. Don’t decrease your section  
1202 exclusion by the amount, if any, on  
line 2h.  
Line 27  
If you are filing Form 1040-NR, enter on  
Form 6251, line 27, the amount from  
line 5 of the Qualified Dividends and  
Capital Gain Tax Worksheet, or the  
amount from line 21 of the Schedule D  
Tax Worksheet, whichever applies (as  
figured for the regular tax). If you didn’t  
complete either worksheet for the  
regular tax, enter the amount from Form  
1040-NR, line 15; if zero or less,  
enter -0-.  
Form 1040-NR. If you are filing Form  
1040-NR, enter on Form 6251, line 13,  
the amount from line 4 of the Qualified  
Dividends and Capital Gain Tax  
Worksheet, or the amount from line 13  
of the Schedule D Tax Worksheet,  
whichever applies (as refigured for the  
AMT, if necessary).  
Form 2555. If you are filing Form 2555  
and you have an AMT capital gain  
excess, you must complete Part III of  
Form 6251 with certain modifications.  
To see if you have an AMT capital gain  
excess, subtract Form 6251, line 6, from  
line 4 of your AMT Qualified Dividends  
and Capital Gain Tax Worksheet or  
line 10 of your AMT Schedule D Tax  
Worksheet, whichever applies. If the  
result is greater than zero, that amount  
is your AMT capital gain excess.  
Line 18  
Form 2555. If you are filing Form 2555,  
the amount you enter on line 27 will take  
into account your regular tax capital  
gain excess, if any. Don’t refigure it  
using the amount of your AMT capital  
gain excess.  
If you are filing Form 2555 and you  
didn’t complete either the Qualified  
Dividends and Capital Gain Tax  
Worksheet or the Schedule D Tax  
If you are filing Form 1040-NR and Form  
6251, line 17, is $199,900 or less  
($99,950 or less if married filing  
separately), multiply line 17 by 26%  
(0.26). Otherwise, multiply line 17 by  
28% (0.28) and subtract $3,998 ($1,999  
if married filing separately) from the  
result.  
If you have AMT capital gain excess,  
figure the amounts to enter on lines 13,  
14, and 15 of Form 6251 using the  
following modifications (only for  
purposes of Part III of Form 6251).  
1. Reduce the amount you would  
otherwise enter on line 3 of your AMT  
Qualified Dividends and Capital Gain  
Instructions for Form 6251 (2021)  
-13-  
     
Worksheet for the regular tax, enter the  
amount from Form 6251, line 20.  
($99,950 or less if married filing  
if married filing separately) from the  
result.  
separately), multiply line 12 by 26%  
(0.26). Otherwise, multiply line 12 by  
28% (0.28) and subtract $3,998 ($1,999  
Line 39  
If you are filing Form 1040-NR and Form  
6251, line 12, is $199,900 or less  
Instructions for Form 6251 (2021)  
-14-