Get Form 6251 Alternative Minimum Tax - Fill Online, Printable,...

Filling out the Form 6251 for Alternative Minimum Tax can be a straightforward process if you follow the right instructions. This guide aims to provide clear, step-by-step assistance to users who are completing this form online.

Follow the steps to accurately complete Form 6251 online.

1. Click 'Get Form' button to access the form and launch it in your chosen editor.
2. Enter your social security number and your name as it appears on Form 1040 or Form 1040NR.
3. In Part I, start with line 1. If you are filing Schedule A (Form 1040), input the amount from Form 1040, line 41. If not, use the figure from Form 1040, line 38 and proceed to line 7.
4. For line 2, enter the smaller of the amount from Schedule A, line 4, or 2.5% of Form 1040, line 38. If this value is zero or less, input -0-.
5. Continue with lines 3 through 27, entering the relevant information from your Schedule A and any other documents as prompted.
6. Once completed, combine the totals from lines 1 through 27 for line 28 to determine your alternative minimum taxable income.
7. Move to Part II and start with line 29, where you will input your exemption amount. Follow the instructions to calculate line 30 by subtracting line 29 from line 28.
8. Proceed to calculate the tentative minimum tax in line 33 by subtracting any foreign tax credit from line 32.
9. On line 35, subtract line 34 from line 33 to determine your AMT. If the result is zero or less, enter -0-.
10. If applicable, complete Part III for tax computation using maximum capital gains rates, only if required.
11. Review all entered information for accuracy, then save your changes. You will have options to download, print, or share the completed form.

Complete your documents online with confidence by following these detailed steps.