1040-US: Form 1116 and alternative minimum tax (AMT)

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IRS filing deadline update

The IRS MeF system is now processing returns, and the filing deadline has been extended to 11:59 PM on Wednesday, April 18, 2018. For the latest details, see UltraTax CS alerts and notices.

Question

How does the AMT Form 1116 calculate?

Answer

The alternative minimum tax version of the Form 1116 (based on the Form 6251 instructions) automatically calculates from information entered in Screens 1116 and 1116CO. If the alternative minimum tax amounts are different from the regular tax amounts, use the fields provided on the corresponding Screens 1116 and 1116CO.

Related topic: Foreign tax credits and earned income FAQs (1040)

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