Schedule I (Form 1041) Alternative Minimum Tax 2021, page 1 Schedule I (Form 1041) Alternative Minimum Tax 2021, page 1 Summary: This is an example of Schedule I (Form 1041) 2020, page 1. The following line items are completed. "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 "1. Adjusted total income or (loss) (from Form 1041, line 17" field contains 11,425 "3. Taxes" field contains 2,250 "25. Adjusted alternative minimum taxable income. Combine lines 1 through 24" field contains 13,675 "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 11,675 Part III: Income Distribution Deduction on a Minimum Tax Basis "30. Adjusted alternative minimum taxable income (see instructions)" field contains 13,675 "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 13,675 "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
