Required information [The following information applies to the questions displayed below) In 2019, Nadia has $130,000 of regular taxable income She itemizes her deductions as follows: real property taxes of $3,000, state income taxes of $3,500, and mortgage interest expense of $17,500 (acquisition indebtedness of $200,000). In addition, she receives tax-exempt interest of $4,000 from a municipal bond issued in 2006) that was used to fund a new business building for a (formerly out-of-state employer. Finally, she received a state tax refund of $1.050 from the prior year 3 6251 Alternative Minimum Tax-Individuals OMB No. 1545-0074 Form 2018 Department of the Treasury Go to www.irs.gow Form6251 for instructions and the latest information Attachment Internal Revenue Service Attach to Form 1040 or Form 1040NR. Sequence No. 32 Names shown on Form 1040 or Form 104ONR Your social security number Part I Alternative Minimum Taxable income (Seo 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 nogative 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 Tantum dan 5 more than $718,800, see instructions.) Part II Alternative Minimum Tax (AMT) 5 Exemption. (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 $ 70,300 Married filing jointly or qualitying widowler) 1,000,000 109.400 Married fling separately. 500.000 54,700 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 - - here and on lines 7. 9. and 11, and go to line 10. 7 . If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter. 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 Ill on the back and enter the amount from line 40 here. 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 289 (0.28) and subtract $3,822 ($1,911 6 7 [The following information applies to the questions displayed below) In 2019, Nadia has $130,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $3,000, state income taxes of $3,500, and mortgage interest expense of $17.500 (acquisition indebtedness of $200,000). In addition, she receives tax exempt interest of $4.000 from a municipal bond (issued in 2006) that was used to fund a new business building for a (formerly) out-of-state employer Finally, she received a state tax refund of $1.050 from the prior year 6251 Alternative Minimum Tax-Individuals Form OMB No. 1545-0074 2018 Department of the Treasury Go to www.lrs.gov/Form 6251 for Instructions and the latest Information. Attachment Internal Revenue Service (0) Attach to Form 1040 or Form 1040NR. Sequence No. 32 Name() shown on Form 1040 or Form 1040NR Your social security number Part 1 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 b Tax refund from Schedule 1 (Form 1040), line 10 or line 21 2b c Investment interest expense (difference between regular tax and AMT). 2c d Depletion (difference between regular tax and AMT) 2d . Net operating loss deduction from Schedule 1 (Form 1040), line 21. Enter as a positive amount 2e 1 Alternative tax net operating loss deduction 21 9 Interest from specified private activity bonds exempt from the regular tax 29 h Qualified small business stock, see instructions 2h Exercise of incentive stock options (excess of AMT Income over regular tax income) 21 Estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A) 2 k Disposition of property difference between AMT and regular tax gain or losa) 2k Depreciation on assets placed in service after 1986 (difference between regular tax and AMT 21 m Passive activities (difference between AMT and regular tax income or loso) 2m n Loss limitations difference between AMT and regular tax income or loss) 2n o Circulation costs (difference between regular tax and AMT) 20 p Long-term contracts (difference between AMT and regular tax income) 2p 4 Mining costs (difference between regular tax and AMT) 29 Research and experimental costs (difference between regular tax and AMT) 2r Income from certain installment sales before January 1, 1987 2s t Intangible drilling costs preference 20 Other adjustments, including income-based related adjustments 3 Alternative minimum taxable income. Combine lines 1 through 3. (If married filing separately and line 4 is more than $718,800, see instructions.) 4 5 6 Part II 5 Exemption. (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 antar on line 5... Single or head of household $ 500,000 $ 70,300 Married filing jointly or qualitying widow(er) 1,000,000 109,400 Married filing separately. 500,000 54,700 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 -o- here and on lines 7, 9, and 11, and go to line 10. 7 If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter. 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 Ill on the back and enter the amount from line 40 here. . 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 it married filing separately) from the result. 8 Alternative minimum tax foreign tax credit (see instructions) Tentative minimum tax. Subtract line 8 from line 7 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) 11 AMT. Subtract line 10 from line 9. If zero or less entero. Enter here and on Schedule 2 Form 1040), line 45 For Paperwork Reduction Act Notice, see your tax return instructions Cat No. 136000 7 8 9 10 Form 6251 2018 Page 2 16 Form 6251 2016 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 16 Enter the smaller of line 12 or line 15 17 Subtract line 16 from line 12 17 18 If line 17 is $191,100 or less ($95,550 or less it married filing separately), multiply line 17 by 26% (0.26). Otherwise, multiply line 17 by 28% (0.28) and subtract $3,822 ($1.911 it married hiling separately) from the result 19 Enter: $77,200 if married filing jointly or qualifying widower), $38,600 if single or married filing separately, or 19 .$51,700 it head of household 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 completo either worksheet for the regular tax, enter the amount from Form 1040, line 10, if zero or loss, enter... you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter 20 21 Subtract line 20 from line 19. If zero or less, entero 21 22 Enter the smaller of line 12 or line 13 22 23 Enter the smaller of line 21 or line 22. This amount is taxed at 0% 23 24 Subtract line 23 from line 22 25 Enter $425,800 if single $239,500 if married fling separately 25 $479,000 if married fling jointly or qualifying widowie 18 } 24 H Anh l ai. Required information [The following information applies to the questions displayed below) In 2019, Nadia has $130,000 of regular taxable income She itemizes her deductions as follows: real property taxes of $3,000, state income taxes of $3,500, and mortgage interest expense of $17,500 (acquisition indebtedness of $200,000). In addition, she receives tax-exempt interest of $4,000 from a municipal bond issued in 2006) that was used to fund a new business building for a (formerly out-of-state employer. Finally, she received a state tax refund of $1.050 from the prior year 3 6251 Alternative Minimum Tax-Individuals OMB No. 1545-0074 Form 2018 Department of the Treasury Go to www.irs.gow Form6251 for instructions and the latest information Attachment Internal Revenue Service Attach to Form 1040 or Form 1040NR. Sequence No. 32 Names shown on Form 1040 or Form 104ONR Your social security number Part I Alternative Minimum Taxable income (Seo 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 nogative 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 Tantum dan 5 more than $718,800, see instructions.) Part II Alternative Minimum Tax (AMT) 5 Exemption. (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 $ 70,300 Married filing jointly or qualitying widowler) 1,000,000 109.400 Married fling separately. 500.000 54,700 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 - - here and on lines 7. 9. and 11, and go to line 10. 7 . If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter. 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 Ill on the back and enter the amount from line 40 here. 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 289 (0.28) and subtract $3,822 ($1,911 6 7 [The following information applies to the questions displayed below) In 2019, Nadia has $130,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $3,000, state income taxes of $3,500, and mortgage interest expense of $17.500 (acquisition indebtedness of $200,000). In addition, she receives tax exempt interest of $4.000 from a municipal bond (issued in 2006) that was used to fund a new business building for a (formerly) out-of-state employer Finally, she received a state tax refund of $1.050 from the prior year 6251 Alternative Minimum Tax-Individuals Form OMB No. 1545-0074 2018 Department of the Treasury Go to www.lrs.gov/Form 6251 for Instructions and the latest Information. Attachment Internal Revenue Service (0) Attach to Form 1040 or Form 1040NR. Sequence No. 32 Name() shown on Form 1040 or Form 1040NR Your social security number Part 1 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 b Tax refund from Schedule 1 (Form 1040), line 10 or line 21 2b c Investment interest expense (difference between regular tax and AMT). 2c d Depletion (difference between regular tax and AMT) 2d . Net operating loss deduction from Schedule 1 (Form 1040), line 21. Enter as a positive amount 2e 1 Alternative tax net operating loss deduction 21 9 Interest from specified private activity bonds exempt from the regular tax 29 h Qualified small business stock, see instructions 2h Exercise of incentive stock options (excess of AMT Income over regular tax income) 21 Estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A) 2 k Disposition of property difference between AMT and regular tax gain or losa) 2k Depreciation on assets placed in service after 1986 (difference between regular tax and AMT 21 m Passive activities (difference between AMT and regular tax income or loso) 2m n Loss limitations difference between AMT and regular tax income or loss) 2n o Circulation costs (difference between regular tax and AMT) 20 p Long-term contracts (difference between AMT and regular tax income) 2p 4 Mining costs (difference between regular tax and AMT) 29 Research and experimental costs (difference between regular tax and AMT) 2r Income from certain installment sales before January 1, 1987 2s t Intangible drilling costs preference 20 Other adjustments, including income-based related adjustments 3 Alternative minimum taxable income. Combine lines 1 through 3. (If married filing separately and line 4 is more than $718,800, see instructions.) 4 5 6 Part II 5 Exemption. (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 antar on line 5... Single or head of household $ 500,000 $ 70,300 Married filing jointly or qualitying widow(er) 1,000,000 109,400 Married filing separately. 500,000 54,700 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 -o- here and on lines 7, 9, and 11, and go to line 10. 7 If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter. 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 Ill on the back and enter the amount from line 40 here. . 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 it married filing separately) from the result. 8 Alternative minimum tax foreign tax credit (see instructions) Tentative minimum tax. Subtract line 8 from line 7 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) 11 AMT. Subtract line 10 from line 9. If zero or less entero. Enter here and on Schedule 2 Form 1040), line 45 For Paperwork Reduction Act Notice, see your tax return instructions Cat No. 136000 7 8 9 10 Form 6251 2018 Page 2 16 Form 6251 2016 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 16 Enter the smaller of line 12 or line 15 17 Subtract line 16 from line 12 17 18 If line 17 is $191,100 or less ($95,550 or less it married filing separately), multiply line 17 by 26% (0.26). Otherwise, multiply line 17 by 28% (0.28) and subtract $3,822 ($1.911 it married hiling separately) from the result 19 Enter: $77,200 if married filing jointly or qualifying widower), $38,600 if single or married filing separately, or 19 .$51,700 it head of household 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 completo either worksheet for the regular tax, enter the amount from Form 1040, line 10, if zero or loss, enter... you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter 20 21 Subtract line 20 from line 19. If zero or less, entero 21 22 Enter the smaller of line 12 or line 13 22 23 Enter the smaller of line 21 or line 22. This amount is taxed at 0% 23 24 Subtract line 23 from line 22 25 Enter $425,800 if single $239,500 if married fling separately 25 $479,000 if married fling jointly or qualifying widowie 18 } 24 H Anh l ai
