indigenous http://voices.yahoo.com/how-report-amounts-form-1099-div-2439-11819489.html, ns learned that

Specified private task bond interest dividends report in box 11 of 1099-DIV is the section of tax-exempt attention dividends reported in crate 10 that may be subject to an different Minimum taxation (AMT).

They are contained in the different minimum taxes calculation on kind 6251 if you space subject to that tax.

You are watching: Specified private activity bond interest dividends

I wonder exactly how to understand if i am topic to AMT, and also therefore require to include specified private activity bond attention dividends in type 6251?

Btw, my specified Private activity Bond attention Dividends is $0.51.

Thanks!


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TimTim
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If you desire to understand if you"re topic to AMT, climate you are topic to AMT. Everybody is.

To calculate the AMT, you must use type 6251. If you finish up with extr AMT convey on your 1040 - friend should likewise attach the kind 6251 to your 1040.

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If your full income is significantly listed below the AMT exemption amount, you"re most likely not forced to do AMT adjustment and also can conserve yourself some time by omitted the form, however if you"re not sure - filling the kind 6251 is the only means to know.

From what you"ve mutual so far ($20K full gross income,



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