Federal Free Printable 2016 Form 8801 for 2017 Federal Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts

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Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts
2016 Form 8801

Form 8801 Department of the Treasury Internal Revenue Service (99) Name(s) shown on return Part I ▶ Information Credit for Prior Year Minimum Tax— Individuals, Estates, and Trusts OMB No. 1545-1073 2016 about Form 8801 and its separate instructions is at www.irs.gov/form8801. ▶ Attach to Form 1040, 1040NR, or 1041. Attachment Sequence No. 74 Identifying number Net Minimum Tax on Exclusion Items 1 Combine lines 1, 6, and 10 of your 2015 Form 6251. Estates and trusts, see instructions . . . . 1 2 Enter adjustments and preferences treated as exclusion items (see instructions) 3 Minimum tax credit net operating loss deduction (see instructions) . 4 5 . . . . . . 2 . . . . . . 3 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 $246,250 and you were married filing separately for 2015, see instructions . . . . . . 4 . . . . Enter: $83,400 if married filing jointly or qualifying widow(er) for 2015; $53,600 if single or head of household for 2015; or $41,700 if married filing separately for 2015. Estates and trusts, enter $23,800 5 Enter: $158,900 if married filing jointly or qualifying widow(er) for 2015; $119,200 if single or head of household for 2015; or $79,450 if married filing separately for 2015. Estates and trusts, enter $79,450 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Subtract line 6 from line 4. If zero or less, enter -0- here and on line 8 and go to line 9 8 Multiply line 7 by 25% (0.25) . 9 Subtract line 8 from line 5. If zero or less, enter -0-. If under age 24 at the end of 2015, see instructions 10 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 . . . . . . . . . . . . . . . . . . . . . . 6 11 . . . . . . . . . . . . . . . . . . . . . . . 7 . . . . 8 • If for 2015 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 $185,400 or less ($92,700 or less if married filing separately for 2015), multiply line 10 by 26% (0.26). Otherwise, multiply line 10 by 28% (0.28) and subtract $3,708 ($1,854 if married filing separately for 2015) from the result. Form 1040NR filers, see instructions. . 10 11 12 Minimum tax foreign tax credit on exclusion items (see instructions) . . . . . . . . . 12 13 Tentative minimum tax on exclusion items. Subtract line 12 from line 11 . . . . . . . . . 13 14 Enter the amount from your 2015 Form 6251, line 34, or 2015 Form 1041, Schedule I, line 55 . . 14 15 Net minimum tax on exclusion items. Subtract line 14 from line 13. If zero or less, enter -0- . . 15 For Paperwork Reduction Act Notice, see instructions. . Cat. No. 10002S ) 9 } • If for 2015 you filed Form 2555 or 2555-EZ, see instructions for the amount to enter. ( Form 8801 (2016) Page 2 Form 8801 (2016) Part II Minimum Tax Credit and Carryforward to 2017 16 Enter the amount from your 2015 Form 6251, line 35, or 2015 Form 1041, Schedule I, line 56 . . 16 17 Enter the amount from line 15 . . . . . . . . . . 17 18 Subtract line 17 from line 16. If less than zero, enter as a negative amount . . . . . . . . 18 19 2015 credit carryforward. Enter the amount from your 2015 Form 8801, line 26 . . . . . . 19 20 Enter your 2015 unallowed qualified electric vehicle credit (see instructions) . . . . . . . . 20 21 Combine lines 18 through 20. If zero or less, stop here and see the instructions . . . . . . . 21 22 Enter your 2016 regular income tax liability minus allowable credits (see instructions) . . . . . 22 23 Enter the amount from your 2016 Form 6251, line 33, or 2016 Form 1041, Schedule I, line 54 . . 23 24 Subtract line 23 from line 22. If zero or less, enter -0- . 24 25 Minimum tax credit. Enter the smaller of line 21 or line 24. Also enter this amount on your 2016 Form 1040, line 54 (check box b); Form 1040NR, line 51 (check box b); or Form 1041, Schedule G, line 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Credit carryforward to 2017. Subtract line 25 from line 21. Keep a record of this amount because you may use it in future years . . . . . . . . . . . . . . . . . . . . . . . 26 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . Form 8801 (2016) Page 3 Form 8801 (2016) 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. 27 28 29 30 31 32 33 34 Caution: If you didn't complete the 2015 Qualified Dividends and Capital Gain Tax Worksheet, the 2015 Schedule D Tax Worksheet, or Part V of the 2015 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 2015, enter the amount from line 3 of the Foreign Earned Income Tax Worksheet in the instructions . . . . . Caution: If for 2015 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 2015 Qualified Dividends and Capital Gain Tax Worksheet, the amount from line 13 of your 2015 Schedule D Tax Worksheet, or the amount from line 26 of the 2015 Schedule D (Form 1041), whichever applies* . . . . . . . . . . . . . . . If you figured your 2015 tax using the 2015 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 2015 Schedule D (Form 1040), or line 18b, column (2), of the 2015 Schedule D (Form 1041) . . . . . . . . . . . . . . . . . . . . . . . Add lines 28 and 29, and enter the smaller of that result or the amount from line 10 of your 2015 Schedule D Tax Worksheet . . . . . . . . . . . . . . . . . . . . . . . . Enter the smaller of line 27 or line 30 . . . . . . . . . . . . . . . . . . . . Subtract line 31 from line 27 . . . . . . . . . . . . . . . . . . . . . . . If line 32 is $185,400 or less ($92,700 or less if married filing separately for 2015), multiply line 32 by 26% (0.26). Otherwise, multiply line 32 by 28% (0.28) and subtract $3,708 ($1,854 if married filing separately for 2015) from the result. Form 1040NR filers, see instructions . . . . . . ▶ } Enter: • $74,900 if married filing jointly or qualifying widow(er) for 2015, • $37,450 if single or married filing separately for 2015, • $50,200 if head of household for 2015, or • $2,500 for an estate or trust. Form 1040NR filers, see instructions. . . . . . . . 35 Enter the amount from line 7 of your 2015 Qualified Dividends and Capital Gain Tax Worksheet, the amount from line 14 of your 2015 Schedule D Tax Worksheet, or the amount from line 27 of the 2015 Schedule D (Form 1041), whichever applies. If you didn't complete either worksheet or Part V of the 2015 Schedule D (Form 1041), enter the amount from your 2015 Form 1040, line 43, or 2015 Form 1041, line 22, whichever applies; if zero or less, enter -0-. Form 1040NR filers, see instructions . . . 36 37 38 39 40 Subtract line 35 from line 34. If zero or less, enter -0- . . . . . . . Enter the smaller of line 27 or line 28 . . . . . . . . . . . . Enter the smaller of line 36 or line 37 . . . . . . . . . . . . Subtract line 38 from line 37 . . . . . . . . . . . . . . . Enter: • $413,200 if single for 2015, • $232,425 if married filing separately for 2015, • $464,850 if married filing jointly or qualifying widow(er) for 2015, • $439,000 if head of household for 2015, or • $12,300 for an estate or trust. Form 1040NR filers, see instructions. } 41 Enter the amount from line 36 . . 42 Form 1040 filers, enter the amount from line 7 of your 2015 Qualified Dividends and Capital Gain Tax Worksheet or the amount from line 19 of your 2015 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 2015 Schedule D (Form 1041) or line 18 of your 2015 Schedule D Tax Worksheet, whichever applies. If you didn't complete either the worksheet or Part V of the 2015 Schedule D (Form 1041), enter the amount from your 2015 Form 1041, line 22; if zero or less, enter -0-. Form 1040NR filers, see instructions . . . . . . . . . . . . . . . . . . . . . 27 28 29 30 31 32 33 34 . . . . 35 36 37 38 39 . . . . . . . 40 . 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 * The 2015 Qualified Dividends and Capital Gain Tax Worksheet is in the 2015 Instructions for Form 1040. The 2015 Schedule D Tax Worksheet is in the 2015 Instructions for Schedule D (Form 1040) (or the 2015 Instructions for Schedule D (Form 1041)). Form 8801 (2016) Page 4 Form 8801 (2016) Part III 43 44 45 46 47 48 49 50 51 52 53 54 55 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 . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . . . Multiply line 51 by 25% (0.25) . . . . . . . . . . . . . . . . . . . . . . ▶ Add lines 33, 46, 49, and 52 . . . . . . . . . . . . . . . . . . . . . . . . If line 27 is $185,400 or less ($92,700 or less if married filing separately for 2015), multiply line 27 by 26% (0.26). Otherwise, multiply line 27 by 28% (0.28) and subtract $3,708 ($1,854 if married filing separately for 2015) 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 2015, 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 . . . . . . . . . . . . . . . . . . 43 44 45 46 47 48 49 50 51 52 53 54 55 Form 8801 (2016)
Extracted from PDF file 2016-federal-form-8801.pdf, last modified November 2016

More about the Federal Form 8801 Other Tax Credit TY 2016

We last updated the Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts in May 2017, so this is the latest version of Form 8801, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form 8801 directly from TaxFormFinder. You can print other Federal tax forms here.

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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8801 from the Internal Revenue Service in May 2017.

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Form 8801 is a Federal Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

Historical Past-Year Versions of Federal Form 8801

We have a total of six past-year versions of Form 8801 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form 8801

2016 Form 8801

Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts 2015 Form 8801

2015 Form 8801

Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts 2014 Form 8801

2014 Form 8801

Credit for Prior Year Minimum Tax-Individuals, Estates, and Trusts 2013 Form 8801

2013 Form 8801

Credit for Prior Year Minimum Tax-Individuals, Estates, and Trusts 2012 Form 8801

2012 Form 8801

Credit for Prior Year Minimum Tax-Individuals, Estates, and Trusts 2011 Form 8801

2011 Form 8801


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