Table of Contents

• Instructions for Schedule I (Form 1041) - Introductory Material
  • Future Developments
• General Instructions
  • Purpose of Schedule
  • Who Must Complete Schedule I (Form 1041)
    • Recordkeeping
    • Credit for Prior Year Minimum Tax
    • Partners and Shareholders
    • Allocation of Deductions to Beneficiaries
    • Optional Write-Off for Certain Expenditures
• Specific Instructions
  • Part I—Estate's or Trust's Share of Alternative Minimum Taxable Income
    • Line 2—Interest
    • Line 3—Taxes
    • Line 5—Refund of Taxes
    • Line 6—Depletion
    • Line 7—Net Operating Loss Deduction
    • Line 8—Interest From Specified Private Activity Bonds Exempt From the Regular Tax
    • Line 9—Qualified Small Business Stock
    • Line 10—Exercise of Incentive Stock Options
    • Line 11—Other Estates and Trusts
    • Line 12—Electing Large Partnerships
    • Line 13—Disposition of Property
    • Line 14—Depreciation on Assets Placed in Service After 1986
    • Line 15—Passive Activities
    • Line 16—Loss Limitations
    • Line 17—Circulation Costs
    • Line 18—Long-Term Contracts
    • Line 19—Mining Costs
    • Line 20—Research and Experimental Costs
    • Line 21—Income From Certain Installment Sales Before January 1, 1987
    • Line 22—Intangible Drilling Costs Preference (IDCs)
    • Line 23—Other Adjustments
    • Line 24—Alternative Tax Net Operating Loss Deduction
    • Line 29—Estate's or Trust's Share of Alternative Minimum Taxable Income
  • Part II—Income Distribution Deduction on a Minimum Tax Basis
    • Line 30—Adjusted Alternative Minimum Taxable Income
    • Line 31—Adjusted Tax-Exempt Interest
    • Line 33
    • Line 34
    • Lines 35 and 36
    • Line 41—Adjustment for Tax-Exempt Income
    • Line 44—Income Distribution Deduction on a Minimum Tax Basis
  • Part III—AMT Computation
    • Line 53—Alternative Minimum Foreign Tax Credit
  • Part IV—Line 52 Computation Using Maximum Capital Gains Rates
    • Lines 58, 59, and 60