Form 8801 Credit for Prior Year Minimum Tax - Individuals, Estates

Form

8801

Department of the Treasury
Internal Revenue Service (99)
Name(s) shown on return

Part I

▶ Go

Credit for Prior Year Minimum Tax—
Individuals, Estates, and Trusts

OMB No. 1545-1073

to www.irs.gov/Form8801 for instructions and the latest information.
▶ Attach to Form 1040, 1040NR, or 1041.

2017

Attachment
Sequence No. 74
Identifying number

Net Minimum Tax on Exclusion Items

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Combine lines 1, 6, and 10 of your 2016 Form 6251. Estates and trusts, see instructions .

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Enter adjustments and preferences treated as exclusion items (see instructions)

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Minimum tax credit net operating loss deduction (see instructions) .

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Combine lines 1, 2, and 3. If zero or less, enter -0- here and on line 15 and go to Part II. If more
than $247,450 and you were married filing separately for 2016, see instructions
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Enter: $83,800 if married filing jointly or qualifying widow(er) for 2016; $53,900 if single or head of
household for 2016; or $41,900 if married filing separately for 2016. Estates and trusts, enter $23,900

5

Enter: $159,700 if married filing jointly or qualifying widow(er) for 2016; $119,700 if single or head
of household for 2016; or $79,850 if married filing separately for 2016. Estates and trusts, enter
$79,850 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Subtract line 6 from line 4. If zero or less, enter -0- here and on line 8 and go to line 9

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Multiply line 7 by 25% (0.25) .

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Subtract line 8 from line 5. If zero or less, enter -0-. If under age 24 at the end of 2016, see instructions

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Subtract line 9 from line 4. If zero or less, enter -0- here and on line 15 and go to Part II. Form
1040NR filers, see instructions . . . . . . . . . . . . . . . . . . . . . .

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• If for 2016 you filed Form 2555 or 2555-EZ, see instructions for the amount to enter.
• If for 2016 you reported capital gain distributions directly on Form 1040, line 13; you
reported qualified dividends on Form 1040, line 9b (Form 1041, line 2b(2)); or you had a
gain on both lines 15 and 16 of Schedule D (Form 1040) (lines 18a and 19, column (2), of
Schedule D (Form 1041)), complete Part III of Form 8801 and enter the amount from line
55 here. Form 1040NR filers, see instructions.
• All others: If line 10 is $186,300 or less ($93,150 or less if married filing separately for
2016), multiply line 10 by 26% (0.26). Otherwise, multiply line 10 by 28% (0.28) and
subtract $3,726 ($1,863 if married filing separately for 2016) from the result. Form
1040NR filers, see instructions.

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Minimum tax foreign tax credit on exclusion items (see instructions)

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Tentative minimum tax on exclusion items. Subtract line 12 from line 11 .

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Enter the amount from your 2016 Form 6251, line 34, or 2016 Form 1041, Schedule I, line 55 .

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Net minimum tax on exclusion items. Subtract line 14 from line 13. If zero or less, enter -0- .

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For Paperwork Reduction Act Notice, see instructions.

Cat. No. 10002S

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Form 8801 (2017)

Page 2

Form 8801 (2017)

Part II

Minimum Tax Credit and Carryforward to 2018

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Enter the amount from your 2016 Form 6251, line 35, or 2016 Form 1041, Schedule I, line 56 .

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Enter the amount from line 15 .

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Subtract line 17 from line 16. If less than zero, enter as a negative amount

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2016 credit carryforward. Enter the amount from your 2016 Form 8801, line 26

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Enter your 2016 unallowed qualified electric vehicle credit (see instructions) .

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Combine lines 18 through 20. If zero or less, stop here and see the instructions .

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Enter your 2017 regular income tax liability minus allowable credits (see instructions) .

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Enter the amount from your 2017 Form 6251, line 33, or 2017 Form 1041, Schedule I, line 54 .

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Subtract line 23 from line 22. If zero or less, enter -0-

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Minimum tax credit. Enter the smaller of line 21 or line 24. Also enter this amount on your 2017
Form 1040, line 54 (check box b); Form 1040NR, line 51 (check box b); or Form 1041, Schedule G,
line 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Credit carryforward to 2018. Subtract line 25 from line 21. Keep a record of this amount because
you may use it in future years . . . . . . . . . . . . . . . . . . . . . . .

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Form 8801 (2017)

Page 3

Form 8801 (2017)

Part III

Tax Computation Using Maximum Capital Gains Rates
Complete Part III only if you are required to do so by line 11 or by the Foreign Earned Income Tax Worksheet in the instructions.

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Caution: If you didn't complete the 2016 Qualified Dividends and Capital Gain Tax Worksheet,
the 2016 Schedule D Tax Worksheet, or Part V of the 2016 Schedule D (Form 1041), see the
instructions before completing this part.*
Enter the amount from Form 8801, line 10. If you filed Form 2555 or 2555-EZ for 2016, enter the
amount from line 3 of the Foreign Earned Income Tax Worksheet in the instructions . . . . .
Caution: If for 2016 you filed Form 1040NR, 1041, 2555, or 2555-EZ, see the instructions before
completing lines 28, 29, and 30.
Enter the amount from line 6 of your 2016 Qualified Dividends and Capital Gain Tax Worksheet,
the amount from line 13 of your 2016 Schedule D Tax Worksheet, or the amount from line 26 of
the 2016 Schedule D (Form 1041), whichever applies* . . . . . . . . . . . . . . .
If you figured your 2016 tax using the 2016 Qualified Dividends and Capital Gain Tax
Worksheet, skip line 29 and enter the amount from line 28 on line 30. Otherwise, go to line
29.
Enter the amount from line 19 of your 2016 Schedule D (Form 1040), or line 18b, column (2), of the
2016 Schedule D (Form 1041) . . . . . . . . . . . . . . . . . . . . . . .
Add lines 28 and 29, and enter the smaller of that result or the amount from line 10 of your 2016
Schedule D Tax Worksheet . . . . . . . . . . . . . . . . . . . . . . . .
Enter the smaller of line 27 or line 30
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Subtract line 31 from line 27
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If line 32 is $186,300 or less ($93,150 or less if married filing separately for 2016), multiply line 32
by 26% (0.26). Otherwise, multiply line 32 by 28% (0.28) and subtract $3,726 ($1,863 if married
filing separately for 2016) from the result. Form 1040NR filers, see instructions . . . . . . ▶

}

Enter:
• $75,300 if married filing jointly or qualifying widow(er) for 2016,
• $37,650 if single or married filing separately for 2016,
• $50,400 if head of household for 2016, or
• $2,550 for an estate or trust.
Form 1040NR filers, see instructions.

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Enter the amount from line 7 of your 2016 Qualified Dividends and Capital Gain Tax Worksheet, the
amount from line 14 of your 2016 Schedule D Tax Worksheet, or the amount from line 27 of the 2016
Schedule D (Form 1041), whichever applies. If you didn't complete either worksheet or Part V of the
2016 Schedule D (Form 1041), enter the amount from your 2016 Form 1040, line 43, or 2016 Form
1041, line 22, whichever applies; if zero or less, enter -0-. Form 1040NR filers, see instructions . . .

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Subtract line 35 from line 34. If zero or less, enter -0- . . . . . . .
Enter the smaller of line 27 or line 28
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Enter the smaller of line 36 or line 37
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Subtract line 38 from line 37
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Enter:
• $415,050 if single for 2016,
• $233,475 if married filing separately for 2016,
• $466,950 if married filing jointly or qualifying widow(er) for 2016,
• $441,000 if head of household for 2016, or
• $12,400 for an estate or trust.
Form 1040NR filers, see instructions.

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Enter the amount from line 36 .

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Form 1040 filers, enter the amount from line 7 of your 2016 Qualified Dividends and Capital Gain Tax
Worksheet or the amount from line 19 of your 2016 Schedule D Tax Worksheet, whichever applies. If you
didn't complete either worksheet, see instructions. Form 1041 filers, enter the amount from line 27 of your
2016 Schedule D (Form 1041) or line 18 of your 2016 Schedule D Tax Worksheet, whichever applies. If
you didn't complete either the worksheet or Part V of the 2016 Schedule D (Form 1041), enter the amount
from your 2016 Form 1041, line 22; if zero or less, enter -0-. Form 1040NR filers, see instructions . . .

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* The 2016 Qualified Dividends and Capital Gain Tax Worksheet is in the 2016 Instructions for Form 1040. The 2016 Schedule D Tax Worksheet is in the 2016 Instructions
for Schedule D (Form 1040) (or the 2016 Instructions for Schedule D (Form 1041)).
Form 8801 (2017)

Page 4

Form 8801 (2017)

Part III
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Tax Computation Using Maximum Capital Gains Rates (continued)

Add lines 41 and 42 . . . . . . . . . . . . . . . . . . . . . . . . . .
Subtract line 43 from line 40. If zero or less, enter -0- . . . . . . . . . . . . . . .
Enter the smaller of line 39 or line 44
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Multiply line 45 by 15% (0.15) . . . . . . . . . . . . . . . . . . . . . . ▶
Add lines 38 and 45 . . . . . . . . . . . . . . . . . . . . . . . . . .
If lines 47 and 27 are the same, skip lines 48 through 52 and go to line 53. Otherwise, go to
line 48.
Subtract line 47 from line 37
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Multiply line 48 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . . ▶
If line 29 is zero or blank, skip lines 50 through 52 and go to line 53. Otherwise, go to line 50.
Add lines 32, 47, and 48 . . . . . . . . . . . . . . . . . . . . . . . . .
Subtract line 50 from line 27
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Multiply line 51 by 25% (0.25) . . . . . . . . . . . . . . . . . . . . . . ▶
Add lines 33, 46, 49, and 52 . . . . . . . . . . . . . . . . . . . . . . . .
If line 27 is $186,300 or less ($93,150 or less if married filing separately for 2016), multiply line 27
by 26% (0.26). Otherwise, multiply line 27 by 28% (0.28) and subtract $3,726 ($1,863 if married
filing separately for 2016) from the result. Form 1040NR filers, see instructions . . . . . . .
Enter the smaller of line 53 or line 54 here and on line 11. If you filed Form 2555 or 2555-EZ for
2016, don't enter this amount on line 11. Instead, enter it on line 4 of the Foreign Earned Income
Tax Worksheet in the instructions for line 11 . . . . . . . . . . . . . . . . . .

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Form 8801 (2017)