Schedule I (Form 1041) 2019
Page 2
Part II Income Distribution Deduction on a Minimum Tax Basis (continued)
41 Tentative income distribution deduction on a minimum tax basis. Subtract line 29 from line 35. If zero
or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
42 Income distribution deduction on a minimum tax basis. Enter the smaller of line 40 or line 41.
Enter here and on line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Part III Alternative Minimum Tax
43 Exemption amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
$25,000
44 Enter the amount from line 27 . . . . . . . . . . . . . . . . 44
45 Phase-out of exemption amount . . . . . . . . . . . . . . . 45
$83,500
46 Subtract line 45 from line 44. If zero or less, enter -0- . . . . . . . . 46
47 Multiply line 46 by 25% (0.25) . . . . . . . . . . . . . . . . . . . . . . . . 47
48 Subtract line 47 from line 43. If zero or less, enter -0- . . . . . . . . . . . . . . . . 48
49 Subtract line 48 from line 44 . . . . . . . . . . . . . . . . . . . . . . . . 49
50
Go to Part IV of Schedule I to figure line 50 if the estate or trust has qualified dividends or has a gain
on lines 18a and 19 of column (2) of Schedule D (Form 1041) (as refigured for the AMT, if necessary).
Otherwise, if line 49 is:
• $194,800 or less, multiply line 49 by 26% (0.26).
• Over $194,800, multiply line 49 by 28% (0.28) and subtract $3,896 from the result . . . . . .
50
51 Alternative minimum foreign tax credit (see instructions) . . . . . . . . . . . . . . . 51
52 Tentative minimum tax. Subtract line 51 from line 50 . . . . . . . . . . . . . . . . 52
53
Enter the tax from Form 1041, Schedule G, line 1a (minus any foreign tax credit from Schedule G, line 2a)
53
54 Alternative minimum tax. Subtract line 53 from line 52. If zero or less, enter -0-. Enter here and on
Form 1041, Schedule G, line 1c . . . . . . . . . . . . . . . . . . . . . . .
54
Part IV Line 50 Computation Using Maximum Capital Gains Rates
Caution: If you didn’t complete Part V of Schedule D (Form 1041), the Schedule D Tax Worksheet, or the
Qualified Dividends Tax Worksheet in the Instructions for Form 1041, see the instructions before completing
this part.
55 Enter the amount from line 49 . . . . . . . . . . . . . . . . . . . . . . . .
55
56
Enter the amount from line 26 of Schedule D (Form 1041), line 13 of the
Schedule D Tax Worksheet, or line 4 of the Qualified Dividends Tax Worksheet
in the Instructions for Form 1041, whichever applies (as refigured for the AMT,
if necessary) . . . . . . . . . . . . . . . . . . . . . .
56
57
Enter the amount from Schedule D (Form 1041), line 18b, column (2) (as
refigured for the AMT, if necessary). If you didn’t complete Schedule D for the
regular tax or the AMT, enter -0- . . . . . . . . . . . . . . .
57
58
If you didn’t complete a Schedule D Tax Worksheet for the regular tax or the
AMT, enter the amount from line 56. Otherwise, add lines 56 and 57 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) . . . . . . . . . .
58
59 Enter the smaller of line 55 or line 58 . . . . . . . . . . . . . . . . . . . . . 59
60 Subtract line 59 from line 55 . . . . . . . . . . . . . . . . . . . . . . . . 60
61
If line 60 is $194,800 or less, multiply line 60 by 26% (0.26). Otherwise, multiply line 60 by 28% (0.28)
and subtract $3,896 from the result . . . . . . . . . . . . . . . . . . . . .
▶
61
62 Maximum amount subject to the 0% rate . . . . . . . . . . . . 62
$2,650
63
Enter the amount from line 27 of Schedule D (Form 1041), line 14 of the
Schedule D Tax Worksheet, or line 5 of the Qualified Dividends Tax Worksheet
in the Instructions for Form 1041, whichever applies (as figured for the regular
tax). If you didn’t complete Schedule D or either worksheet for the regular tax,
enter the amount from Form 1041, line 23; if zero or less, enter -0- . . . .
63
64 Subtract line 63 from line 62. If zero or less, enter -0- . . . . . . . . 64
65 Enter the smaller of line 55 or line 56 . . . . . . . . . . . . . 65
66 Enter the smaller of line 64 or line 65. This amount is taxed at 0% . . . . 66
67 Subtract line 66 from line 65 . . . . . . . . . . . . . . . .
67
Schedule I (Form 1041) 2019