Schedule I (Form 1041) Template

Use this schedule to figure alternative minimum tax for estates and trusts attached to Form 1041.

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Why use a Schedule I (Form 1041)?

This schedule helps estates and trusts calculate alternative minimum taxable income and AMT amounts.

Calculate AMT income

Adjust regular income items to figure alternative minimum taxable income.
Apply deductions

Compute the income distribution deduction on a minimum tax basis.
Figure AMT

Use exemption, credit, and tax lines to determine alternative minimum tax.

This template includes AMT income, distribution deduction, AMT calculation, and capital gains computation sections.

AMT income share
Lists adjustments and preferences used to calculate AMT taxable income.
Distribution deduction
Calculates the income distribution deduction on a minimum tax basis.
Alternative minimum tax
Applies exemption, phaseout, credit, and tentative minimum tax lines.
Capital gains computation
Provides line 50 calculations using maximum capital gains rates.
Form 1041 transfer line
Shows the AMT amount to enter on Form 1041, Schedule G.