Instructions for Schedule I (Form 1041) - Introductory Material

Table of Contents

Future Developments

For the latest information about developments related to Schedule I and its instructions, such as legislation enacted after they were published, go to

What's New

AMT tax brackets.   The threshold for the 28% AMT tax bracket increased to amounts over $179,500.

AMT exemption amount and phaseout.   The AMT exemption amount increased to $23,100. The exemption amount begins to be phased-out at amounts over $76,950 and is completely phased-out at $169,350.

Capital gains and qualified dividends.   Beginning in 2013, the maximum tax rate for long-term capital gains and qualified dividends is 20%, as amended by the American Taxpayer Relief Act of 2012 (ATRA), P.L. 112-240.

  For tax year 2013, the 20% rate applies to amounts above $11,950. The 0% and 15% rates continue to apply to certain threshold amounts. The 0% rate applies to amounts up to $2,450. The 15% rate applies to amounts above $2,450 and up to $11,950.

  In Part IV—Line 52 Computation Using Maximum Capital Gains Rates, we added and revised lines to the computation to reflect the changes to the capital gains rates and thresholds.

  We also added a worksheet to compute the amount to enter on line 70. See Line 70 Worksheet, later.

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