PDF document

- 1 -

Userid: CPM Schema: instrx Leadpct: 100% Pt. size: 9 Draft Ok to Print
AH XSL/XML Fileid: … -form-8801/2024/a/xml/cycle06/source (Init. & Date) _______

Page 1 of 5 12:29 - 25-Nov-2024

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

2024

Instructions for Form 8801

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

Section references are to the Internal Revenue Code unless line 4. Otherwise, enter on Form 8801, line 4, the amount from
otherwise noted. Schedule I, line 27, adjusted for exclusion items that were
allocated to the beneficiary.
Future Developments
For the latest information about developments related to Form Note. If you complete Parts I and II of a 2023 Schedule I (Form
8801 and its instructions, such as legislation enacted after they 1041), as a worksheet to figure the amount to enter on 2024
were published, go to IRS.gov/Form8801. Form 8801, line 4, don't attach that worksheet Schedule I to
your tax return. Instead, keep it for your records.

General Instructions Line 2
Enter on this line the adjustments and preferences treated as
Purpose of Form exclusion items. Exclusion items are only the following AMT
Use Form 8801 if you are an individual, estate, or trust to figure adjustments and preferences: certain itemized deductions
the minimum tax credit, if any, for alternative minimum tax (AMT) (including any investment interest expense reported on
you incurred in prior tax years and to figure any credit Schedule E), certain tax-exempt interest, depletion, the section
carryforward to 2025. 1202 exclusion, the standard deduction, and any other
adjustments related to exclusion items. If you didn’t file a
Who Should File Schedule A in 2023, include your 2023 standard deduction.
Complete Form 8801 if you are an individual, estate, or trust that Combine lines 2a, 2b, 2c, 2d, 2g, and 2h of your 2023 Form
for 2023 had: 6251. Don't include any amount from line 2j of the 2023 Form
• An AMT liability and adjustments or preferences other than 6251. Instead, include the exclusion item amount from the
exclusion items, Schedule(s) K-1 (Form 1041) you received for 2023. That
• A credit carryforward to 2024 (on 2023 Form 8801, line 26), or amount is shown in box 12 with code J. If you included on line 3
• An unallowed qualified electric vehicle credit (see the of the 2023 Form 6251 any adjustments related to exclusion
instructions for line 20). items, also include those adjustments in the amount you enter
on line 2. Enter the total on line 2.
File Form 8801 only if line 21 is more than zero.
Exclusion items on other lines. If you included any exclusion
item on a line not listed above, include that item in the amount
Specific Instructions you enter on line 2. For example, if depletion was included on
Form 6251 as an adjustment on line 2m (passive activities)
The AMT is a separate tax that is imposed in addition to your instead of on line 2d (depletion), include it as an exclusion item
regular tax. It is caused by two types of adjustments and in the amount you enter on line 2.
preferences—deferral items and exclusion items. Deferral items
(for example, depreciation) generally don't cause a permanent Line 3
difference in taxable income over time. Exclusion items (for Your minimum tax credit net operating loss deduction
example, the standard deduction), on the other hand, do cause a (MTCNOLD) is the total of the minimum tax credit net operating
permanent difference. The minimum tax credit is allowed only for loss (MTCNOL) carryovers and carrybacks to 2023. Your
the AMT caused by deferral items. MTCNOL is figured as follows.
Part I—Net Minimum Tax on Exclusion Your MTCNOL is the excess of the deductions allowed when
computing alternative minimum taxable income (AMTI) for 2023
Items (excluding the MTCNOLD) over the income used to figure AMTI
taking into account only exclusion items for both. Figure this
Line 1—Estates and Trusts excess with the modifications in section 172(d) taking into
These line 1 instructions are for estates and trusts only. If you are account only exclusion items. (That is, the section 172(d)
filing on behalf of an estate or trust, skip lines 1 through 3 of modifications must be figured separately for the MTCNOL.)
Form 8801. To figure the amount to enter on line 4 of Form 8801, For example, the limitation of nonbusiness deductions to the
complete Parts I and II of another 2023 Schedule I (Form 1041), amount of nonbusiness income must be figured separately for
as a worksheet. After completing lines 1 and 6 of Schedule I, the MTCNOL using only nonbusiness income and deductions
complete the rest of Part I of Schedule I by taking into account but taking into account only exclusion items. However, ignore the
only exclusion items (the amounts included on lines 2, 3, 4, 5, 7, disallowance of the deduction for personal exemptions under
and 8, and any other adjustments related to exclusion items section 172(d)(3) because it has already been taken into
included on line 21 of Schedule I). On line 22 of Schedule I, use account to figure AMTI attributable only to exclusion items.
the minimum tax credit net operating loss deduction
(MTCNOLD). However, don't limit the MTCNOLD to 90% of the To determine the amount of MTCNOL that may be carried to
total of lines 1 through 21 of Schedule I. (See the instructions for tax years other than 2023, apply sections 172(b)(2) and 172(d)
line 3 of Form 8801 for how to figure the MTCNOLD.) In Part II of with appropriate modifications to take into account only
Schedule I, complete lines 33 and 34 without taking into account exclusion items.
any basis adjustments arising from deferral items. If the amount
on Schedule I, line 27, is zero or less, enter -0- on Form 8801,
Instructions for Form 8801 (2024) Catalog Number 10600C
Nov 22, 2024 Department of the Treasury Internal Revenue Service www.irs.gov

- 2 -

Enlarge image

Page 2 of 5          Fileid: … -form-8801/2024/a/xml/cycle06/source                                                                                 12:29 - 25-Nov-2024

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

Line 4                                                                       of each 2023 Form 1116. You will use these MTFTCE Forms 
If your filing status was married filing separately for 2023 and             1116 to figure the MTFTCE amount to enter on line 12 of Form 
line 4 is more than $831,150 , you must include an additional                8801.
amount on line 4. If line 4 is $1,084,150 or more, include an                  Figuring high-taxed income.                                          When applying the separate 
additional $63,250 on line 4. Otherwise, include 25% of the                  categories of income, use the applicable AMT rate instead of the 
excess of the amount on line 4 over $831,150 . For example, if               regular tax rate to determine if any income is “high-taxed.”
the amount on line 4 is $851,150, enter $856,150 instead—the                 Step 2. Complete Part I of each MTFTCE Form 1116 using only 
additional $5,000 is 25% of $20,000 ($851,150 minus                          taxable income and exclusion items that are attributable to 
$831,150).                                                                   sources outside the United States. See Foreign source qualified 
                                                                             dividends and capital gains (losses) below for possible 
Line 10                                                                      adjustments.
If you filed Form 1040-NR for 2023 and had a net gain on the                   Simplified limitation election.                                      If you figured your 2023 
disposition of U.S. real property interests, line 10 can't be less           AMTFTC using the simplified limitation election, skip Part I and 
than the smaller of that net gain or line 4.                                 go to Step 3, Simplified limitation election.
                                                                             Foreign source qualified dividends and capital gains (los-
Line 11                                                                      ses). If you had any 2023 foreign source qualified dividends or 
If for 2023 you claimed the foreign earned income exclusion,                 foreign source capital gains (including any foreign source capital 
housing exclusion, or housing deduction on Form 2555, you                    gain distributions) or losses, use the following instructions to 
must use the Foreign Earned Income Tax Worksheet in these                    determine whether you must make adjustments to those 
instructions to figure the amount to enter on line 11.                       amounts before you include the amounts on line 1a or line 5 of 
                                                                             the MTFTCE Form 1116.
Line 12                                                                        Foreign qualified dividends.                                         You must adjust your foreign 
Figuring the minimum tax foreign tax credit on exclusion                     source qualified dividends before you include those amounts on 
items (MTFTCE).     If you made an election to claim the foreign             line 1a of the MTFTCE Form 1116 if:
tax credit on your 2023 Form 1040, 1040-SR, or 1040-NR                       • Line 53 of Form 8801 is smaller than line 54, and
without filing Form 1116, your MTFTCE is the same as the                     • Line 32 of Form 8801 is greater than zero.
foreign tax credit on your 2023 Schedule 3 (Form 1040), line 1.                But you don't need to make any adjustments if:
Enter that amount on Form 8801, line 12. Otherwise, your                     • You qualified for the adjustment exception under Qualified 
MTFTCE is your 2023 AMT foreign tax credit (AMTFTC)                          Dividends and Capital Gain Tax Worksheet Individuals (                      ), 
refigured using only exclusion items. Figure your MTFTCE as                  Qualified Dividends Tax Worksheet Estates and Trusts (                      ), or 
follows.                                                                     Adjustments to foreign qualified dividends under Schedule D 
Step 1.  Separate your foreign source income into categories.                Filers, whichever applies, in the Instructions for Form 1116 when 
See the 2023 Instructions for Form 1116 for information about                you completed your regular tax Form 1116 (or you would've 
categories of income. Complete a separate 2023 Form 1116 for                 qualified for that adjustment exception if you had completed a 
the MTFTCE for each separate category of income. Write                       regular tax Form 1116) for 2023; and
“MTFTCE” and specify the category of income in the top margin                • Line 32 of Form 8801 isn't more than $220,700 ($110,350 if 
                                                                             married filing separately for 2023).

Foreign Earned Income Tax Worksheet—Line 11                                                                                                         Keep for Your Records
Before you begin:   If Form 8801, line 10, is zero, don't complete this worksheet.
   1. Enter the amount from Form 8801, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                1.   
2a.   Enter the amount from your (and your spouse's if filing jointly) 2023 Form 2555, lines 45 
      and 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a.    
   b. Enter the total amount of any itemized deductions or exclusion items you couldn't claim 
      because they are related to excluded income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                        2b.    
   c. Subtract line 2b from line 2a. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 2c.  
   3. Add lines 1 and 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3.   
   4. Tax on the amount on line 3.
      •  If for 2023 you reported capital gain distributions directly on Form 1040 or 1040-SR, 
      line 7; or you reported qualified dividends on Form 1040 or 1040-SR, line 3a; or you had a 
      gain on both lines 15 and 16 of Schedule D (Form 1040), enter the amount from line 3 of 
      this worksheet on Form 8801, line 27. Complete the rest of Part III of Form 8801. However,                                                         
                                                                                                                                                    4.
      before completing Part III, see Form 2555, later, to see if you must complete Part III with 
      certain modifications. Then enter the amount from Form 8801, line 55, here.
      •  All others: If line 3 is $220,700 or less ($110,350 or less if married filing separately for 
      2023), multiply line 3 by 26% (0.26). Otherwise, multiply line 3 by 28% (0.28) and subtract 
      $4,414 ($2,207 if married filing separately for 2023) from the result. 
   5. Tax on the amount on line 2c. If line 2c is $220,700 or less ($110,350 or less if married filing 
      separately for 2023), multiply line 2c by 26% (0.26). Otherwise, multiply line 2c by 28% (0.28) and 
      subtract $4,414 ($2,207 if married filing separately for 2023) from the result  . . . . . . . . . . . . . . . .                               5.   
   6. Subtract line 5 from line 4. Enter the result here and on Form 8801, line 11 . . . . . . . . . . . . . . . . .                                6.   

2                                                                                                                                                  Instructions for Form 8801 (2024)

- 3 -

Enlarge image

Page 3 of 5 Fileid: … -form-8801/2024/a/xml/cycle06/source 12:29 - 25-Nov-2024

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

To adjust your foreign source qualified dividends, multiply worksheet is zero, or (c) line 23 of that worksheet is equal to or
your foreign source qualified dividends in each separate greater than line 24.
category by 0.5357 (instead of 0.4054) if the foreign source • You figured your 2023 tax using the Schedule D Tax
qualified dividends are taxed at a rate of 15%, and by 0.7143 Worksheet in the Instructions for Schedule D (Form 1040) and
(instead of 0.5405) if they are taxed at a rate of 20%. Include the (a) line 18 of that worksheet is zero, (b) line 9 of that worksheet is
results on line 1a of the applicable MTFTCE Form 1116. zero or less, or (c) line 45 of that worksheet is equal to or greater
You adjust your foreign source qualified dividends taxed at a than line 46.
rate of 0% by not including them on line 1a of MTFTCE Form • You figured your 2023 tax using Schedule D (Form 1041) and
1116. (a) line 27 of Schedule D is zero, (b) line 22 of Schedule D minus
the amount on line 4e of Form 4952 that you elected to include
For individuals, the amounts taxed at the 0% rate are on line 9 on line 4g of Form 4952 is zero or less, or (c) line 43 of
of the Qualified Dividends and Capital Gain Tax Worksheet in the Schedule D is equal to or greater than line 44.
2023 Instructions for Form 1040 or line 22 of the Schedule D Tax You figured your 2023 tax using the Schedule D Tax
•
Worksheet in the 2023 Instructions for Schedule D (Form 1040). Worksheet in the Instructions for Schedule D (Form 1041) and
For estates and trusts, the amounts taxed at the 0% tax rate (a) line 17a of that worksheet is zero, (b) line 9 of that worksheet
are found on line 19 of the Schedule D Tax Worksheet in the is zero or less, or (c) line 42 of that worksheet is equal to or
2023 Instructions for Schedule D (Form 1041), or line 8 of the greater than line 43.
Qualified Dividends Tax Worksheet in the 2023 Instructions for Use Worksheet B in the 2023 Instructions for Form 1116 if
Form 1041, whichever applies. you:
Don’t adjust the amount of any foreign source qualified • Can't use Worksheet A,
! dividend you elected to include on line 4g of Form 4952. • Had 2023 foreign source capital gains and losses in no more
CAUTION than two separate categories,
Individuals with capital gain distributions only. If you had • Didn't have any item of unrecaptured section 1250 gain or
no 2023 capital gains or losses other than capital gain 28% rate gain or loss, and
distributions from box 2a of Form(s) 1099-DIV or substitute • Didn't have any capital gains taxed at a rate of 0% or 20%.
statement(s), you must adjust your foreign source capital gain Instructions for Worksheets A and B. When you complete
distributions before you include those amounts on line 1a of the Worksheet A or Worksheet B, don't use any foreign source
MTFTCE Form 1116 if you are required to adjust your foreign capital gains you elected to include on line 4g of Form 4952. Use
source qualified dividends under the rules just described or you 0.5357 instead of 0.4054 to complete lines 11, 13, and 15 of
would be required to adjust your foreign source qualified Worksheet B and to complete lines 8, 11, and 17 of the Line 15
dividends if you had any. Worksheet for Worksheet B.
To adjust your foreign source capital gain distributions, If you don't qualify to use Worksheet A or Worksheet B, use
multiply your foreign source capital gain distributions in each the instructions for Capital Gains and Losses in Pub. 514,
separate category by 0.5357 (instead of 0.4054) if the foreign Foreign Tax Credit for Individuals, to determine the adjustments
source capital gain distributions are taxed at a rate of 15%, and you make. Also see the 2023 Instructions for Form 6251 for
by 0.7143 (instead of 0.5405) if they are taxed at a rate of 20%. information on rate substitutions that would apply when
Include the results on line 1a of the applicable MTFTCE Form determining those adjustments.
1116. Step 3. Complete lines 9 through 17 of the MTFTCE Form
You adjust your foreign source capital gain distributions taxed 1116. For line 9, use the same amount you entered on that line
at a rate of 0% by not including them on line 1a of MTFTCE for 2023 for the regular tax. Use your MTFTCE carryover, if any,
Form 1116. on line 10.
For individuals, the amounts taxed at the 0% rate are on line 9 Simplified limitation election. If you figured your 2023
of the Qualified Dividends and Capital Gain Tax Worksheet in the AMTFTC using the simplified limitation election, complete lines 9
2023 Instructions for Form 1040 or line 22 of the Schedule D Tax through 14 of the MTFTCE Form 1116. For line 9, use the same
Worksheet in the 2023 Instructions for Schedule D (Form 1040). amount you entered on that line for 2023 for the regular tax. Use
For estates and trusts, the amounts taxed at the 0% tax rate your MTFTCE carryover, if any, on line 10. Enter on line 17 the
are found on line 19 of the Schedule D Tax Worksheet in the same amount you entered on that line for the 2023 AMT Form
2023 Instructions for Schedule D (Form 1041), or line 8 of the 1116.
Qualified Dividends Tax Worksheet in the 2023 Instructions for Step 4. Enter the amount from Form 8801, line 4, on line 18 of
Form 1041, whichever applies. the MTFTCE Form 1116 and go to Step 5 unless you must
Don’t adjust the amount of any foreign source capital complete an MTFTCE Worksheet for Line 18. In most cases, you
must complete an MTFTCE Worksheet for Line 18 if you
! gain distribution you elected to include on line 4g of completed Part III of Form 8801 and:
CAUTION Form 4952.
• Line 53 of Form 8801 is smaller than line 54, and
Other capital gains or losses. Use Worksheet A in the 2023 • Line 32 of Form 8801 is greater than zero.
Instructions for Form 1116 to determine the adjustments you But even if you meet the requirements above, you don't need
must make to your foreign source capital gains or losses if you to complete an MTFTCE Worksheet for Line 18 if:
have foreign source capital gains or losses in no more than two • You qualified for the adjustment exception under Qualified
separate categories and any of the following apply. Dividends and Capital Gain Tax Worksheet Individuals ( ),
• You weren't required to make adjustments to your foreign Qualified Dividends Tax Worksheet Estates and Trusts ( ), or
source qualified dividends under the rules described earlier (or Adjustments to foreign qualified dividends under Schedule D
you wouldn't have been required to make those adjustments if Filers, whichever applies, in the Instructions for Form 1116 when
you had foreign source qualified dividends). you completed your regular tax Form 1116 (or you would've
• Line 15 or 16 of your 2023 Schedule D (Form 1040) (column qualified for that adjustment exception if you had completed a
(2) of line 18a or 19 of Schedule D (Form 1041)) is zero or a loss. regular tax Form 1116) for 2023; and
• You figured your 2023 tax using the Qualified Dividends and • Line 32 of Form 8801 isn't more than $220,700 ($110,350 if
Capital Gain Tax Worksheet in the Instructions for Form 1040 married filing separately for 2023).
and (a) line 3 of that worksheet is zero or less, (b) line 5 of that

Instructions for Form 8801 (2024) 3

- 4 -

Enlarge image

Page 4 of 5 Fileid: … -form-8801/2024/a/xml/cycle06/source 12:29 - 25-Nov-2024

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

Instructions for MTFTCE Worksheet for Line 18. If you Credit to Holders of Tax Credit Bonds, on line 6k). Enter the
must complete an MTFTCE Worksheet for Line 18 for your result. If the result is zero or less, enter -0-.
MTFTCE Form 1116, you will use the Worksheet for Line 18 in
Form 1041, Schedule G. Add the credits on lines 2a and 2b,
the Instructions for Form 1116 and do the following.
plus any write-in credits on line 2e. Subtract the result from the
1. Enter the amount from Form 8801, line 4, on line 1 of the total of lines 1a, 1b, and 1d, plus any Form 8978 amount
worksheet. included on line 1e. Enter the result. If the result is zero or less,
2. Skip lines 2 and 3 of the worksheet. enter -0-.
3. Enter the amount from Form 8801, line 51, on line 4 of the
worksheet. Part III—Tax Computation Using
4. Multiply line 4 of the worksheet by 0.1071 (instead of Maximum Capital Gains Rates
0.3243). Enter the result on line 5 of the worksheet. If your 2023 taxable income was zero or less, enter -0- on Form
5. Enter the amount from Form 8801, line 48, on line 6 of the 8801, line 35. You must also take one of the following actions,
worksheet. whichever applies to you, before completing lines 28, 29, and 30
6. Multiply line 6 of the worksheet by 0.2857 (instead of of Part III.
0.4595). Enter the result on line 7 of the worksheet. • Complete lines 2 through 4 of the Qualified Dividends and
Capital Gain Tax Worksheet in the 2023 Instructions for Form
7. Enter the amount from Form 8801, line 45, on line 8 of the 1040.
worksheet. • Complete lines 2 through 13 of the Schedule D Tax Worksheet
8. Multiply line 8 of the worksheet by 0.4643 (instead of in the 2023 Instructions for Schedule D (Form 1040) or the 2023
0.5946). Enter the result on line 9 of the worksheet. Instructions for Schedule D (Form 1041), whichever applies.
9. Enter the amount from Form 8801, line 38, on line 10 of • Complete lines 2 through 4 of the Qualified Dividends Tax
the worksheet. Worksheet in the 2023 Instructions for Form 1041.
• Complete lines 22 through 26 of the 2023 Schedule D (Form
10. Complete lines 11 and 12 of the worksheet as instructed 1041).
on the worksheet. To determine which worksheet or form above applies to you, see
11. Enter the amount from your MTFTCE Worksheet for the 2023 Instructions for Form 1040, line 16; Form 1040-NR,
Line 18 on your MTFTCE Form 1116, line 18. line 16; or Form 1041, Schedule G, line 1a.

Step 5. Enter the amount from Form 8801, line 11, on the Lines 28, 29, and 30
MTFTCE Form 1116, line 20. Complete lines 19 through 24 of Follow the instructions below to figure the amounts to enter on
the MTFTCE Form 1116. lines 28, 29, and 30 if, for 2023:
Step 6. Complete Part IV of the first MTFTCE Form 1116 only. 1. You filed Form 1041 and didn't use the Schedule D Tax
Enter the amount from that MTFTCE Form 1116, line 35, on Worksheet or Part V of Schedule D (Form 1041) to figure your
Form 8801, line 12. tax, or
2. You filed Form 2555 and have an AMT capital gain excess
Note. Keep all Forms 1116 you used to figure your MTFTCE, (defined later).
but don't attach them to your tax return.
If line 14 of the MTFTCE Form 1116 is greater than line 21 of Otherwise, complete lines 28, 29, and 30 following the
the MTFTCE Form 1116, keep a record of the difference. This instructions for those lines on the form.
amount is carried forward and used to figure your MTFTCE next Estates and trusts. If (1) above applies, enter the amount from
year. line 4 of the Qualified Dividends Tax Worksheet in the 2023
Instructions for Form 1041 on Form 8801, lines 28 and 30; skip
Part II—Minimum Tax Credit and Form 8801, line 29; and enter on Form 8801, lines 35 and 42, the
Carryforward to 2025 amount from line 5 of that worksheet.
Form 2555. If (2) above applies, and you filed Form 2555 for
Line 20 2023 and you have an AMT capital gain excess, you must
Enter any qualified electric vehicle credit not allowed for 2023 complete Part III of Form 8801 with certain modifications. To see
solely because of the limitation under section 30(b)(3)(B) (as in if you have an AMT capital gain excess, subtract Form 8801,
effect prior to the amendment of section 30 by Public Law 111-5, line 10, from line 4 of your 2023 Qualified Dividends and Capital
the American Recovery and Reinvestment Tax Act of 2009). Gain Tax Worksheet or line 10 of your 2023 Schedule D Tax
Worksheet, whichever applies. If the result is more than zero,
Line 21 that amount is your AMT capital gain excess.
If line 21 is zero or less, you don't have a minimum tax credit or a If you have an AMT capital gain excess, figure the amounts to
credit carryforward. Don't complete the rest of this form and don't enter on lines 28, 29, and 30 of Form 8801 using the following
file it. modifications (only for purposes of Part III of Form 8801).
1. Reduce the amount on line 3 of your 2023 Qualified
Line 22 Dividends and Capital Gain Tax Worksheet or line 9 of your 2023
Follow the instructions below and refer to your 2024 income tax Schedule D Tax Worksheet (but not below zero) by your AMT
return to figure the amount to enter on line 22. capital gain excess.
Form 1040, 1040-SR, or 1040-NR. Add the amounts from 2. Reduce the amount on line 2 of your 2023 Qualified
Form 1040, 1040-SR, or 1040-NR, line 16 and Schedule 2 (Form Dividends and Capital Gain Tax Worksheet or line 6 of your 2023
1040), line 1z. Subtract from the result the total of any credits Schedule D Tax Worksheet (but not below zero) by any of your
from Form 1040, 1040-SR, or 1040-NR, line 19 and Schedule 3 AMT capital gain excess not used in (1).
(Form 1040), lines 1 through 6z (not including any credit for prior 3. Reduce the amount on your 2023 Schedule D (Form
year minimum tax on line 6b or any credit claimed on Form 8912, 1040), line 18 (but not below zero) by your AMT capital gain
excess.

4 Instructions for Form 8801 (2024)

- 5 -

Enlarge image

Page 5 of 5 Fileid: … -form-8801/2024/a/xml/cycle06/source 12:29 - 25-Nov-2024

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

4. Include your AMT capital gain excess as a loss on line 16 States. You are required to give us the information. We need it to
of your 2023 Unrecaptured Section 1250 Gain Worksheet in the ensure that you are complying with these laws and to allow us to
2023 Instructions for Schedule D (Form 1040). figure and collect the right amount of tax.
Also see the instructions for line 35. You are not required to provide the information requested on
a form that is subject to the Paperwork Reduction Act unless the
Line 35 form displays a valid OMB control number. Books or records
Form 2555. If you filed Form 2555 for 2023, the amount you relating to a form or its instructions must be retained as long as
enter on line 35 will take into account your regular tax capital their contents may become material in the administration of any
gain excess, if any, for 2023. Internal Revenue law. Generally, tax returns and return
information are confidential, as required by section 6103.
If you filed Form 2555 for 2023 and you didn't complete either
the Qualified Dividends and Capital Gain Tax Worksheet or the The time needed to complete and file this form will vary
Schedule D Tax Worksheet for the regular tax, enter the amount depending on individual circumstances. The estimated burden
from line 3 of the Foreign Earned Income Tax Worksheet in the for individual taxpayers filing this form is approved under OMB
Instructions for Form 1040 (as figured for the regular tax). control number 1545-0074 and is included in the estimates
For information on regular tax capital gain excess and AMT shown in the instructions for their individual income tax return.
capital gain excess (if you filed Form 2555), see Line 20 in the The estimated burden for all other taxpayers who file this form is
2023 Instructions for Form 6251. shown below.

Line 42 . . . . . . . . . . . . . . . . . . 2 hrs., 4 min.
Recordkeeping
Learning about the law or the form
Follow the instructions below to figure the amount to enter on . . . 2 hrs., 13 min.
line 42.
Preparing the form . . . . . . . . . . . . . . . 1 hr., 57 min.
Form 1040, 1040-SR, or 1040-NR. If you didn't complete the Copying, assembling, and sending the
form to the IRS
2023 Qualified Dividends and Capital Gain Tax Worksheet or the . . . . . . . . . . . . . . . . 48 min.
2023 Schedule D Tax Worksheet, enter the amount from your
2023 Form 1040, 1040-SR, or 1040-NR, line 15; if zero or less,
enter -0-. If you didn't complete either 2023 worksheet and you
filed a 2023 Form 2555, enter the amount from line 3 of the If you have comments concerning the accuracy of these time
Foreign Earned Income Tax Worksheet in the 2023 Instructions estimates or suggestions for making this form simpler, we would
for Form 1040. be happy to hear from you. See the instructions for the tax return
with which this form is filed.
Paperwork Reduction Act Notice. We ask for the information
on this form to carry out the Internal Revenue laws of the United

Instructions for Form 8801 (2024) 5

PDF file checksum: 4214020078

(Plugin #1/10.13/13.0)