1041
Alternative Minimum Tax—Estates and Trusts
Schedule I (Form 1041) is the IRS schedule for the alternative minimum tax of estates and trusts. The instructions say to use it to figure the estate's or trust's alternative minimum taxable income, the income distribution deduction on a minimum tax basis, and the estate's or trust's alternative minimum tax (AMT). The form says to attach it to Form 1041.
The fiduciary of the estate or trust completes it. It has four parts: the estate's or trust's share of alternative minimum taxable income, the income distribution deduction on a minimum tax basis, the AMT computation, and a line 50 computation using maximum capital gains rates. For 2025 the form prints an exemption amount of $30,700 and a phase-out amount of $102,500. The AMT on line 54 is entered on Form 1041, Schedule G, line 1c.
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Lines 1 to 27 start with adjusted total income from Form 1041, line 17, add adjustments and preference items such as interest, taxes, depletion and incentive stock options, then subtract the income distribution and estate tax deductions.
If line 27 is $30,700 or less, enter -0- on Form 1041, Schedule G, line 1c. Over $30,700 but less than $225,300, go to line 43. At $225,300 or more, enter it on line 49 and go to line 50.
Lines 28 to 42 figure distributable net alternative minimum taxable income (DNAMTI), total distributions and the deduction on a minimum tax basis that goes back to line 24.
Lines 43 to 54 apply the $30,700 exemption and the $102,500 phase-out, the 26% and 28% rates, the AMT foreign tax credit and the regular tax to reach the AMT.
Lines 55 to 83 refigure line 50 when the estate or trust has qualified dividends or a gain on lines 18a and 19 of column (2) of Schedule D (Form 1041), using 0%, 15%, 20% and 25% rates.
Enter adjusted total income or loss from Form 1041, line 17. The instructions say the section 199A deduction isn't included here and is entered on line 21 as a negative amount.
Enter each AMT adjustment and preference item. The instructions say forms completed for the regular tax may need to be completed again for AMT, but only an AMT Form 1116 is filed with Form 1041.
The form says to complete Part II before going to line 24. Enter the smaller of line 40 or line 41 on line 42, then carry it to line 24.
Subtract line 26 from line 23, then follow the thresholds printed under line 27 to see where to go next.
Apply the exemption and phase-out, figure the tentative minimum tax, subtract the tax from Form 1041, Schedule G, line 1a, and enter the AMT on line 54 and on Schedule G, line 1c.
Without qualified dividends or capital gains, line 50 is 26% of line 49 if it is $239,100 or less, or 28% minus $4,782 if it is more. Otherwise use Part IV.
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The form says to attach it to Form 1041. It is filed with that return, not on its own.
Use a separate Schedule I for the S portion, add the notation "ESBT" at the top, and attach it to the tax computation attachment for Form 1041.
The instructions say to keep the AMT Form 8949, AMT Schedule D (Form 1041) and applicable AMT worksheet for your records, and not attach them to Form 1041.
Carryback and carryforward amounts can differ for the regular tax and the AMT. The instructions say to keep records of both, because the AMT carryforward will be important for the 2026 Schedule I.
Adjustments for accelerated depreciation, depletion and amortization allocated to beneficiaries are reported in box 12 of Schedule K-1 (Form 1041), with codes G, H and I.
1041
173 fields, 3 pages
1041
87 fields, 2 pages
1041
74 fields, 2 pages
8801
57 fields, 4 pages
1116
118 fields, 2 pages
3800
1,921 fields, 9 pages
The fiduciary of the estate or trust completes it and attaches it to Form 1041. The instructions list the cases that call for it.
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The instructions list three cases: the estate or trust is required to complete Form 1041, Schedule B (Parts I and II), line 27 exceeds $30,700, or it claims a general business credit with an amount on Form 3800, Part I, line 6 or Part III, line 3.
The form prints $30,700. The instructions say it begins to phase out at amounts over $102,500 and is completely phased out at $225,300.
The form says to enter line 54 on Form 1041, Schedule G, line 1c.
Yes. An ESBT figures the AMT for its S and non-S portions on separate Schedules I, and does not complete Part II.
26% of line 49 if it is $239,100 or less, or 28% minus $4,782 if more. Part IV is used instead when the estate or trust has qualified dividends or capital gains.
The instructions point estates and trusts that paid AMT in 2024, or had a credit carryforward from the 2024 Form 8801, to Form 8801.