Schedule I (Form 1041) Alternative Minimum Tax 2008, page 1
Summary: This is an example of Schedule I (Form 1041) 2008, page 1. The following line items are completed.
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Name of estate or trust
field contains Estate of John R. Smith -
Employer identification number
field contains 10-0123456
Part I: Estate of Trust's Share of Alternative Minimum Taxable Income
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1. Adjusted total income or (loss) (from Form 1041, line 17
field contains 12, 625 -
3. Taxes
field contains 2,250 -
25. Adjusted alternative minimum taxable income. Combine lines 1 through 24
field contains 14, 875 -
26. Income distribution deduction from Part II, line 44
field contains 2,000 -
28. Add lines 26 and 27
field contains 2,000 -
29. Estate's or trust's share of alternative minimum taxable income. Subtract line 28 from line 25
field contains 12,875
Part III: Income Distribution Deduction on a Minimum Tax Basis
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30. Adjusted alternative minimum taxable income (see page 6 of the instructions)
field contains 14,875 -
35. Capital gains computed on a minimum tax basis included on line 25
field contains 200 -
37. Distributable net alternative minimum taxable income (D.N.A.M.T.I.). Combine lines 30 through 36. If zero or less, enter 0
field contains 14,675 -
39. Other amounts paid, credited, or otherwise required to be distributed (from Form 1041, Schedule B, line 10
field contains 2,000 -
40. Total distributions. Add lines 38 and 39
field contains 2,000 -
42. Tentative income distribution deduction on a minimum tax basis. Subtract line 41 from line 40
field contains 2,000
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