3800 General Business Credit

Caution: DRAFT FORM
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Form

I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 8801, PAGE 1 of 6
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD to HEAD
PAPER: WHITE, WRITING, SUB. 20
INK: BLACK
FLAT SIZE: 432mm (17") x 279mm (11") FOLD TO: 219mm (81⁄ 2 ") x 279mm (11")
PERFORATE: ON THE FOLD
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

8801

Department of the Treasury
Internal Revenue Service (99)

Name(s) shown on return

Part I
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Action

Date

O.K. to print
Revised proofs
requested

OMB No. 1545-1073

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

2006

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See separate instructions.
Attach to Form 1040, 1040NR, or 1041.

Attachment
Sequence No.

Net Minimum Tax on Exclusion Items

Combine lines 1, 6, and 10 of your 2005 Form 6251. Estates and trusts, see instructions
Enter adjustments and preferences treated as exclusion items (see instructions)
Minimum tax credit net operating loss deduction (see instructions)
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 $191,000 and you were married filing separately for 2005, see instructions
Enter: $58,000 if married filing jointly or qualifying widow(er) for 2005; $40,250 if single or head
of household for 2005; or $29,000 if married filing separately for 2005. Estates and trusts, enter
$22,500
Enter: $150,000 if married filing jointly or qualifying widow(er) for 2005; $112,500 if single or head
of household for 2005; or $75,000 if married filing separately for 2005. Estates and trusts, enter
$75,000
Subtract line 6 from line 4. If zero or less, enter -0- here and on line 8 and go to line 9
Multiply line 7 by 25% (.25)
Subtract line 8 from line 5. If zero or less, enter -0-. If this form is for a child under age 14, see
instructions
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

%

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Net minimum tax on exclusion items. Subtract line 14 from line 13. If zero or less, enter -0-

Part II
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Identifying number

● If for 2005 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 14a and 15, column (2), of Schedule D (Form 1041)),
complete Part III of Form 8801 and enter the amount from line 46 here.
● All others: If line 10 is $175,000 or less ($87,500 or less if married filing separately for
2005), multiply line 10 by 26% (.26). Otherwise, multiply line 10 by 28% (.28) and subtract
$3,500 ($1,750 if married filing separately for 2005) from the result.
Minimum tax foreign tax credit on exclusion items (see instructions)
Tentative minimum tax on exclusion items. Subtract line 12 from line 11
Enter the amount from your 2005 Form 6251, line 34, or 2005 Form 1041, Schedule I, line 55

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Signature

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Minimum Tax Credit and Carryforward to 2007

Enter the amount from your 2003 Form 6251, line 35, or 2005 Form 1041, Schedule I, line 56
Enter the amount from line 15 above
Subtract line 17 from line 16. If less than zero, enter as a negative amount
2005 minimum tax credit carryforward. Enter the amount from your 2005 Form 8801, line 26
Enter the total of your 2005 unallowed nonconventional source fuel credit and 2005 unallowed
qualified electric vehicle credit (see instructions)
Combine lines 18, 19, and 20. If zero or less, stop here and see instructions
Enter your 2006 regular income tax liability minus allowable credits (see instructions)
Enter the amount from your 2006 Form 6251, line 33, or 2006 Form 1041, Schedule I, line 54
Subtract line 23 from line 22. If zero or less, enter -0Minimum tax credit. Enter the smaller of line 21 or line 24. Also enter this amount on your 2006
Form 1040, line 55; Form 1040NR, line 50; or Form 1041, Schedule G, line 2d
Minimum tax credit carryforward to 2007. Subtract line 25 from line 21. Keep a record of this
amount because you may use it in future years

For Paperwork Reduction Act Notice, see page 4 of the instructions.

Cat. No. 10002S

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Form

8801

(2006)

1
I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 8801, PAGE 2 of 6
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD to HEAD
PAPER: WHITE, WRITING, SUB. 20
INK: BLACK
FLAT SIZE: 432mm (17") x 279mm (11") FOLD TO: 219mm (81⁄ 2 ") x 279mm (11")
PERFORATE: ON THE FOLD
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 8801 (2006)

Part III

Page

2

Tax Computation Using Maximum Capital Gains Rates

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Caution. If you did not complete the 2005 Qualified Dividends and Capital Gain Tax Worksheet,
the 2005 Schedule D Tax Worksheet, or Part V of the 2005 Schedule D (Form 1041), see the
instructions before completing this part.
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Enter the amount from Form 8801, line 10
Enter the amount from line 6 of your 2005 Qualified Dividends and
Capital Gain Tax Worksheet, the amount from line 13 of your 2005
Schedule D Tax Worksheet, or the amount from line 22 of the 2005
Schedule D (Form 1041), whichever applies*

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If you figured your 2005 tax using the 2005 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.
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Enter the amount from line 19 of your 2005 Schedule D (Form 1040),
or line 14b, column (2), of the 2005 Schedule D (Form 1041)
Add lines 28 and 29, and enter the smaller of that result or the amount
from line 10 of your 2005 Schedule D Tax Worksheet
Enter the smaller of line 27 or line 30
Subtract line 31 from line 27

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If line 32 is $175,000 or less ($87,500 or less if married filing separately for 2005), multiply line
32 by 26% (.26). Otherwise, multiply line 32 by 28% (.28) and subtract $3,500 ($1,750 if married
©
filing separately for 2005) from the result
Enter:
● $59,400 if married filing jointly or qualifying widow(er) for 2005,
● $29,700 if single or married filing separately for 2005,
● $39,800 if head of household for 2005, or
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● $2,000 for an estate or trust
Enter the amount from line 7 of your 2005 Qualified Dividends and Capital
Gain Tax Worksheet, the amount from line 14 of your 2005 Schedule D Tax
Worksheet, or the amount from line 23 of the 2005 Schedule D (Form 1041),
whichever applies. If you did not complete either worksheet or Part V of
the 2005 Schedule D (Form 1041), enter -0Subtract line 35 from line 34. If zero or less, enter -0Enter the smaller of line 27 or line 28
Enter the smaller of line 36 or line 37
Multiply line 38 by 5% (.05)
Subtract line 38 from line 37
Multiply line 40 by 15% (.15)

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If line 29 is zero or blank, skip lines 42 and 43 and go to line 44. Otherwise, go to line 42.
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Subtract line 37 from line 31
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Multiply line 42 by 25% (.25)
Add lines 33, 39, 41, and 43
If line 27 is $175,000 or less ($87,500 or less if married filing separately for 2005), multiply line
27 by 26% (.26). Otherwise, multiply line 27 by 28% (.28) and subtract $3,500 ($1,750 if married
filing separately for 2005) from the result
Enter the smaller of line 44 or line 45 here and on line 11

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The 2005 Qualified Dividends and Capital Gain Tax Worksheet is on page 38 of the 2005 Instructions for Form 1040. The 2005 Schedule D Tax Worksheet is on
page D-9 of the 2005 Instructions for Schedule D (Form 1040) (page 38 of the 2005 Instructions for Form 1041).
Form

8801

(2006)