Line 18 - Passive Activities

Your passive activity gains and losses must be refigured for the AMT by taking into account all adjustments and preferences and any AMT prior year unallowed losses that apply to that activity. You may fill out a second Form 8582, Passive Activity Loss Limitations, and the other forms or schedules on which your passive activities are reported, to determine your passive activity loss allowed for the AMT, but do not file the second set of forms and schedules with your tax return.

Example.   You are a partner in a partnership and the Schedule K-1 (Form 1065) you received shows the following.

• A passive activity loss of $4,125,
• A depreciation adjustment of $500 on post-1986 property, and
• An adjustment of $225 on the disposition of property.

Because the two adjustments above are not allowed for the AMT, you must first reduce the passive activity loss by those amounts. The result is a passive activity loss for the AMT of $3,400. You then enter this amount on the AMT Form 8582 and refigure the allowable passive activity loss for the AMT.

Note:   The amount of any AMT passive activity loss that is not deductible and is carried forward is likely to differ from the regular tax amount, if any. Therefore, keep adequate records for both the AMT and regular tax.

Enter the difference between the amount that would be reported for the activity on Schedule C, C-EZ, E, or F or Form 4835, Farm Rental Income and Expenses, for the AMT and the regular tax amount. If (a) the AMT loss is more than the regular tax loss, (b) the AMT gain is less than the regular tax gain, or (c) you have an AMT loss and a regular tax gain, enter the adjustment as a negative amount.

Enter any adjustment for amounts reported on Schedule D, Form 4684, or Form 4797 for the activity on line 16 instead of line 18. See the instructions for line 16.

Publicly Traded Partnership (PTP)

If you had a loss from a PTP, refigure the loss using any AMT adjustments and preferences and any AMT prior year unallowed loss.

Tax Shelter Passive Farm Activities

Refigure any gain or loss from a tax shelter passive farm activity taking into account all AMT adjustments and preferences and any AMT prior year unallowed losses. If the amount is a gain, include it on the AMT Form 8582. If the amount is a loss, do not include it on the AMT Form 8582. Carry the loss forward to 2003 to see if you have a gain or loss from tax shelter passive farm activities for 2003.

Insolvency

If at the end of the tax year your liabilities exceed the fair market value of your assets, increase your passive activity loss allowed by that excess (but not by more than your total loss). See section 58(c)(1).

Line 19 - Loss Limitations

For passive activities, see the line 18 instructions on this page instead. For tax shelter farm activities (that are not passive), see the line 26 instructions on page 5.

Refigure your gains and losses from activities for which you are not at risk and basis limitations applicable to partnerships and S corporations by taking into account all AMT adjustments and preferences that apply. See sections 59(h), 465, 704(d), and 1366(d).

Enter the difference between the amount that would be reported for the activity on Schedule C, C-EZ, E, or F or Form 4835 for the AMT and the regular tax amount. If (a) the AMT loss is more than the regular tax loss, (b) the AMT gain is less than the regular tax gain, or (c) you have an AMT loss and a regular tax gain, enter the adjustment as a negative amount.

The AMT amount of any gain or loss from activities for which you are not at risk is likely to differ from the regular tax amount. Your AMT basis in partnerships and S corporations is also likely to differ from your regular tax basis. Therefore, keep adequate records for both the AMT and regular tax.

Enter any adjustment for amounts reported on Schedule D, Form 4684, or Form 4797 for the activity on line 16 instead.

Line 20 - Circulation Costs

Note:   Do not make this adjustment for costs for which you elected the optional 3-year write-off for the regular tax.

Circulation costs deducted in full for the regular tax in the year they were paid or incurred must be capitalized and amortized over 3 years for the AMT. Enter the difference between the regular tax and AMT deduction. If the AMT deduction is greater, enter the difference as a negative amount.

If you had a loss on property for which circulation costs have not been fully amortized for the AMT, your AMT deduction is the smaller of (a) the amount of the loss allowable for the costs had they remained capitalized or (b) the remaining costs to be amortized for the AMT.

Line 21 - Long-Term Contracts

For the AMT, you generally must use the percentage-of-completion method described in section 460(b) to determine your income from any long-term contract (defined in section 460(f)). However, this rule does not apply to any home construction contract (as defined in section 460(e)(6)). For contracts excepted from the percentage-of-completion method for the regular tax by section 460(e)(1), you must use the simplified procedures for allocating costs outlined in section 460(b)(3) to determine the percentage of completion.

Enter the difference between the AMT and regular tax income. If the AMT income is smaller, enter the difference as a negative amount.

Note:   If you are required to use the percentage-of-completion method for either the regular tax or the AMT, you may owe or be entitled to a refund of interest for the tax year the contract is completed or adjusted. For details, see Form 8697, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts.

Line 22 - Mining Costs

Note:   Do not make this adjustment for costs for which you elected the optional 10-year write-off for the regular tax.

Mining exploration and development costs deducted in full for the regular tax in the tax year they were paid or incurred must be capitalized and amortized over 10 years for the AMT. Enter the difference between the regular tax and AMT deduction. If the AMT deduction is greater, enter the difference as a negative amount.

If you had a loss on property for which mining costs have not been fully amortized for the AMT, your AMT deduction is the smaller of (a) the loss allowable for the costs had they remained capitalized or (b) the remaining costs to be amortized for the AMT.

Line 23 - Research and Experimental Costs

Note:   Do not make this adjustment for costs paid or incurred in connection with an activity in which you materially participated under the passive activity rules or for costs for which you elected the optional 10-year write-off for the regular tax.

Research and experimental costs deducted in full for the regular tax in the tax year they were paid or incurred must be capitalized and amortized over 10 years for the AMT. Enter the difference between the regular tax and AMT deduction. If the AMT deduction is greater, enter the difference as a negative amount.

If you had a loss on property for which research and experimental costs have not been fully amortized for the AMT, your AMT deduction is the smaller of (a) the loss allowable for the costs had they remained capitalized or (b) the remaining costs to be amortized for the AMT.

Line 24 - Installment Sales

The installment method does not apply for the AMT to any nondealer disposition of property after August 16, 1986, but before January 1, 1987, if an installment obligation to which the proportionate disallowance rule applied arose from the disposition. Enter on line 24 the amount of installment sale income reported for the regular tax.

Line 25 - Intangible Drilling Costs (IDCs)

Note:   Do not make this adjustment for costs for which you elected the optional 60-month write-off for the regular tax.

IDCs from oil, gas, and geothermal wells are a preference to the extent that the excess IDCs exceed 65% of the net income from the wells. Figure the preference for all oil and gas properties separately from the preference for all geothermal properties.

Figure excess IDCs as follows.

Step 1. Determine the amount of your IDCs allowed for the regular tax under section 263(c), but do not include any section 263(c) deduction for nonproductive wells.

Step 2. Subtract the amount that would have been allowed had you amortized these IDCs over a 120-month period starting with the month the well was placed in production.

Note:   If you prefer not to use the 120-month period, you may elect to use any method that is permissible in determining cost depletion.

Determine net income by reducing the gross income that you received or accrued during the tax year from all oil, gas, and geothermal wells by the deductions allocable to those wells (reduced by the excess IDCs). When refiguring net income, use only income and deductions allowed for the AMT.

Exception.   The preference for IDCs from oil and gas wells does not apply to taxpayers who are independent producers (that is, not integrated oil companies as defined in section 291(b)(4)). However, this benefit may be limited. First, figure the IDC preference as if this exception did not apply. Then, for purposes of this exception, complete Form 6251 through line 26, including the IDC preference, and combine lines 1 through 26. If the amount of the IDC preference exceeds 40% of the total of lines 1 through 26, enter the excess on line 25 (your benefit from this exception is limited). Otherwise, do not enter an amount on line 25 (your benefit from this exception is not limited).

Line 26 - Other Adjustments

Enter on line 26 the total of any other adjustments that apply to you, including the following.

Depreciation Figured Using Pre-1987 Rules

Note:   This preference generally only applies to property placed in service after 1987, but depreciated using pre-1987 rules due to transitional provisions of the Tax Reform Act of 1986.

For the AMT, you must use the straight line method to figure depreciation on real property for which accelerated depreciation was determined using pre-1987 rules. Use a recovery period of 19 years for 19-year real property and 15 years for low-income housing. For leased personal property other than recovery property, enter the amount by which your regular tax depreciation using the pre-1987 rules exceeds the depreciation allowable using the straight line method. For leased 10-year recovery property and leased 15-year public utility property, enter the amount by which your regular tax depreciation exceeds the depreciation allowable using the straight line method with a half-year convention, no salvage value, and a recovery period of 15 years (22 years for 15-year public utility property).

Figure the excess of the regular tax depreciation over the AMT depreciation separately for each property and include on line 26 only positive amounts.

Patron's Adjustment

Distributions you received from a cooperative may be includible in income. Unless the distributions are nontaxable, include on line 26 the total AMT patronage dividend adjustment reported to you by the cooperative.

Pollution Control Facilities

The section 169 election to amortize the basis of a certified pollution control facility over a 60-month period is not available for the AMT. For facilities placed in service before 1999, figure the AMT deduction using ADS. For facilities placed in service after 1998, figure the AMT deduction under MACRS using the straight line method. Enter the difference between the regular tax and AMT deduction. If the AMT amount is greater, enter the difference as a negative amount.

Tax Shelter Farm Activities

Figure this adjustment only if you have a gain or loss from a tax shelter farm activity (as defined in section 58(a)(2)) that is not a passive activity. If the activity is passive, you must include it with your other passive activities on line 18.

Refigure all gains and losses you reported for the regular tax from tax shelter farm activities by taking into account any AMT adjustments and preferences. Determine your tax shelter farm activity gain or loss for the AMT using the same rules you used for the regular tax with the following modifications. No refigured loss is allowed, except to the extent you are insolvent (see section 58(c)(1)). A refigured loss may not be used in the current tax year to offset gains from other tax shelter farm activities. Instead, any refigured loss must be suspended and carried forward indefinitely until

1. you have a gain in a subsequent tax year from that same activity
2. you dispose of the activity.

Enter the difference between the amount that would be reported for the activity on Schedule E or F or Form 4835 for the AMT and the regular tax amount. If (a) the AMT loss is more than the regular tax loss, (b) the AMT gain is less than the regular tax gain, or (c) you have an AMT loss and a regular tax gain, enter the adjustment as a negative amount.

Enter any adjustment for amounts reported on Schedule D, Form 4684, or Form 4797 for the activity on line 16 instead.

Charitable Contributions of Certain Property

If you made a charitable contribution of property to which section 170(e) applies and you had a different basis for AMT purposes, you may have to make an adjustment. See section 170(e) for details.

Related Adjustments

If you have an entry on line 8 because you deducted investment interest allocable to an interest in a trade or business, or on line 9, 12, 13, 15 through 25, or you have any amount included on line 26 from pre-1987 depreciation, patron's adjustment, pollution control facilities, or tax shelter farm activities, you may have to refigure any item of income or deduction based on a limit of income other than AGI or modified AGI.

Affected items include the following.

• Section 179 expense deduction (Form 4562, line 12).
• Expenses for business or rental use of your home.
• Conservation expenses (Schedule F, line 14).
• Taxable IRA distributions (Form 1040, line 15b), if prior year IRA deductions were different for the AMT and the regular tax.
• Self-employed health insurance deduction (Form 1040, line 30).
• Self-employed SEP, SIMPLE, and qualified plans deduction (Form 1040, line 31).
• IRA deduction (Form 1040, line 24), affected by the earned income limitation of section 219(b)(1)(B).

Figure the difference between the AMT and regular tax amount for each item. Combine the amounts for all your related adjustments and include the total on line 26. Keep a copy of all computations for your records, including any AMT carryover and basis amounts.

Note:   Do not include on line 26 any adjustment for an item you refigured on another line of this form (for example, line 9).

Example.   On your Schedule C (Form 1040) you have a net profit of $9,000 before figuring your section 179 deduction (and you do not report any other business income on your return). During the year, you purchased an asset for $10,000 for which you elect to take the section 179 deduction. You also have an AMT depreciation adjustment of $700 for other assets depreciated on your Schedule C.

Your section 179 deduction for the regular tax is limited to your net profit (before any section 179 deduction) of $9,000. The $1,000 excess is a section 179 deduction carryforward for the regular tax.

For the AMT, your net profit is $9,700, and you are allowed a section 179 deduction of $9,700 for the AMT. You have a section 179 deduction carryforward of $300 for the AMT.

You include a $700 negative adjustment on line 26 because your section 179 deduction for the AMT is $700 greater than your allowable regular tax deduction. In the following year, when you use the $1,000 regular tax carryforward, you will have a $700 positive related adjustment for the AMT because your AMT carryforward is only $300.

Line 27 - Alternative Tax Net Operating Loss Deduction (ATNOLD)

The ATNOLD is the sum of the alternative tax net operating loss (ATNOL) carryovers and carrybacks to the tax year, subject to the limitation explained below. Figure your ATNOLD as follows.

Your ATNOL for a loss year is the excess of the deductions allowed for figuring AMTI (excluding the ATNOLD) over the income included in AMTI. Figure this excess with the modifications in section 172(d), taking into account the adjustments in sections 56 and 58 and preferences in section 57 (that is, the section 172(d) modifications must be separately figured for the ATNOL). For example, the limitation of nonbusiness deductions to the amount of nonbusiness income must be separately figured for the ATNOL, using only nonbusiness income and deductions that are included in AMTI.

For 2001 and 2002, your ATNOLD is generally limited to your AMTI (figured without regard to the ATNOLD). However, for an ATNOL carried back to 2001 or 2002 from a tax year after 2002, and for ATNOLs carried back from 2001 or 2002 to a tax year before 2001, the ATNOLD for the tax year is limited to the sum of:

1. The smaller of:
   1. The sum of the ATNOL carrybacks to the tax year from tax years before 2001 or after 2002, and the ATNOL carryforwards to the tax year (unless the tax year is 2001 or 2002) or
   2. Ninety percent of AMTI for the tax year (figured without regard to the ATNOLD) plus
2. The smaller of:
   1. The sum of the ATNOL carrybacks to the tax year from 2001 or 2002 and the ATNOL carryforwards to the tax year (if the tax year is 2001 or 2002) or
   2. AMTI for the tax year (figured without regard to the ATNOLD) reduced by the amount determined under 1 above.

To figure your AMTI without regard to the ATNOLD for 2002, first figure a tentative amount for line 9 by treating line 27 as if it were zero. Next, figure a tentative total of lines 1 through 26 using the tentative line 9 amount and treating line 27 as if it were zero. The tentative total for lines 1 through 26 is your AMTI figured without regard to the ATNOLD.

Enter on line 27 the smaller of the ATNOLD or the ATNOLD limitation.

Any ATNOL not used may be carried back up to 10 years or forward up to 20 years (15 years for loss years beginning before 1998) (see section 172(b)). The treatment of ATNOLs does not affect your regular tax NOL.

Note:   If you elected under section 172(b)(3) to forego the carryback period for the regular tax, the election also applies for the AMT.

Exemption Worksheet - Line 29
Keep for Your Records
Note: If Form 6251, line 28, is equal to or more than: $255,500 if single or head of household; $346,000 if married filing jointly or qualifying widow(er); or $173,000 if married filing separately; your exemption is zero. Do not complete this worksheet; instead, enter the amount from Form 6251, line 28, on line 30 and go to line 31.
1.	Enter: $35,750 if single or head of household; $49,000 if married filing jointly or qualifying widow(er); $24,500 if married filing separately			1.
2.	Enter your alternative minimum taxable income (AMTI) from Form 6251, line 28	2.
3.	Enter: $112,500 if single or head of household; $150,000 if married filing jointly or qualifying widow(er); $75,000 if married filing separately	3.
4.	Subtract line 3 from line 2. If zero or less, enter -0-	4.
5.	Multiply line 4 by 25% (.25)			5.
6.	Subtract line 5 from line 1. If zero or less, enter -0-. If this form is for a child under age 14, go to line 7 below. Otherwise, stop here and enter this amount on Form 6251, line 29, and go to Form 6251, line 30			6.
7.	Child's minimum exemption amount			7.	$5,500
8.	Enter the child's earned income, if any (see instructions)			8.
9.	Add lines 7 and 8			9.
10.	Enter the smaller of line 6 or line 9 here and on Form 6251, line 29, and go to Form 6251, line 30			10.

Line 28 - Alternative Minimum Taxable Income

If your filing status is married filing separately and line 28 is more than $173,000, you must include an additional amount on line 28. If line 28 is $271,000 or more, include an additional $24,500. Otherwise, include 25% of the excess of the amount on line 28 over $173,000. For example, if the amount on line 28 is $193,000, enter $198,000 instead - the additional $5,000 is 25% of $20,000 ($193,000 minus $173,000).

Special Rule for Holders of a Residual Interest in a REMIC

If you held a residual interest in a real estate mortgage investment conduit (REMIC) in 2002, the amount you enter on line 28 may not be less than the amount on Schedule E, line 37, column (c). If the amount in column (c) is larger than the amount you would otherwise enter on line 28, enter the amount from column (c) instead and write Sch. Q on the dotted line next to line 28.

Part II - Alternative Minimum Tax

Line 29 - Exemption Amount

If line 28 is more than the amount shown for your filing status in the middle column of the chart on line 29, see the worksheet on this page to figure the amount to enter on line 29.

Child Under Age 14

If this form is for a child under age 14, complete the worksheet on this page. A child under age 14 is a child who was born after January 1, 1989, and at least one of whose parents was alive at the end of 2002.

Line 8 of the worksheet.   Earned income includes wages, tips, and other amounts received for personal services performed. If the child is engaged as a sole proprietor or as a partner in a trade or business in which both personal services and capital are material income-producing factors, earned income also includes a reasonable allowance for compensation for personal services rendered by the child, but not more than 30% of his or her share of the net profits from that trade or business (after subtracting the deduction for one-half of self-employment tax). However, the 30% limit does not apply if there are no net profits from the trade or business. If capital is not an income-producing factor and the child's personal services produced the business income, all of the child's gross income from the trade or business is considered earned income.

Line 32 - Alternative Minimum Tax Foreign Tax Credit (AMTFTC)

To see if you need to figure your AMTFTC, fill in line 34 of Form 6251 as instructed (you will first need to figure your foreign tax credit for the regular tax and complete Form 1040, line 45). If the amount on line 34 is greater than or equal to the amount on line 31, you do not owe the AMT. Enter zero on line 35 and see Who Must File on page 1 to find out if you must attach Form 6251 to your return. However, even if you do not owe the AMT, you may need to complete line 32 to see if you have an AMTFTC carryback or carryforward to other tax years.

Your AMTFTC is your foreign tax credit refigured as follows.

1. Use a separate AMT Form 1116 for each separate limitation category specified at the top of Form 1116. Write AMT in the top margin of each Form 1116.

   Note:   When applying the separate limitation categories, use the applicable AMT rate instead of the regular tax rate to determine if any income is high-taxed.

2. If you previously made or are making the simplified limitation election (see page 8), skip Part I and enter on the AMT Form 1116, line 16, the same amount you entered on that line for the regular tax. If you did not complete Form 1116 for the regular tax and you previously made or are making the simplified limitation election, complete Part I and lines 14 through 16 of the AMT Form 1116 using regular tax amounts.

   If the election does not apply, complete Part I using only income and deductions that are allowed for the AMT and attributable to sources outside the United States. If the Instructions for Form 1116 require you to complete Worksheet A or B, you must first complete an AMT Worksheet for Line 17, following the instructions under 5 on the next page.

3. Complete Part II and lines 9 through 13 of the AMT Form 1116. Use your AMTFTC carryover, if any, on line 10.
4. If the simplified limitation election does not apply, complete lines 14 through 16 of the AMT Form 1116.
5. If you did not complete Schedule D (Form 1040) for the regular tax and did not complete Part III of Form 6251, enter the AMTI from Form 6251, line 28, on line 17 of the AMT Form 1116 and go to 6 below. Otherwise, follow these steps to complete, for the AMT, the Worksheet for Line 17 in the Form 1116 instructions.
   1. Enter the amount from Form 6251, line 28, on line 1 of the AMT Worksheet for Line 17.
   2. Complete a Schedule D for the AMT as explained in the instructions for lines 37, 38, 39, and 43 on this page (or, if you already completed an AMT Schedule D to complete Part III of Form 6251, use that Schedule D). Next, enter the amount from Form 6251, line 30, on line 20 of your AMT Schedule D or line 1 of the AMT Schedule D Tax Worksheet. Then, complete lines 24 through 36 of the AMT Schedule D (you may skip lines 25, 31, and 33) or lines 10 through 33 of the AMT Schedule D Tax Worksheet (you may skip lines 15, 19, 21, 25, and 31).
   3. Complete the rest of the AMT Worksheet for Line 17 using amounts from the AMT Schedule D or AMT Schedule D Tax Worksheet.
6. Enter the amount from Form 6251, line 31, on the AMT Form 1116, line 19. Complete lines 18, 20, and 21 of the AMT Form 1116.
7. Complete Part IV of the first AMT Form 1116 only.

Follow the instructions below to figure the amount to enter on Form 6251, line 32.

If you have no entry on Form 6251, line 27, and no intangible drilling costs (IDCs) (or the exception for IDCs does not apply to you - see the instructions for line 25 on page 5), enter on Form 6251, line 32, the smaller of:

• 90% of Form 6251, line 31, or
• The amount from line 33 of the first AMT Form 1116.

If you have an entry on line 27 or the exception for IDCs applies to you:

1. Figure the amount of tax that would be on line 31 if line 27 were zero and the exception did not apply,
2. Multiply the amount from 1 above by 10%,
3. Subtract the amount from 2 above from the tax on line 31, and
4. Enter on Form 6251, line 32, the smaller of the amount from 3 above or the amount from line 33 of the first AMT Form 1116.

Attach to your tax return, after Form 6251, all AMT Forms 1116 you used to figure your AMTFTC.

AMTFTC Carryback and Carryforward

If your AMTFTC is limited, the unused amount may be carried back or forward according to sections 59(a)(2)(B) and 904(c).

Simplified Limitation Election

You may elect to use a simplified section 904 limitation to figure your AMTFTC. If you do, use your regular tax income for Form 1116, Part I, instead of refiguring your foreign source income for the AMT, as described earlier. You must make the election for the first tax year after 1997 for which you claim an AMTFTC. If you do not make the election for that year, you may not make it for a later year. Once made, the election applies to all later tax years and may be revoked only with IRS consent.

Part III - Tax Computation Using Maximum Capital Gains Rates

Lines 37, 38, 39, and 43

If you did not complete Schedule D (Form 1040) because you reported capital gain distributions directly on Form 1040, line 13, then:

• Enter the amount of your capital gain distributions on Form 6251, lines 37 and 39,
• Skip Form 6251, line 38, and
• Enter on Form 6251, line 43, the amount, if any, from line 7 of the Capital Gain Tax Worksheet in the instructions for line 42 of Form 1040.

If you did complete Schedule D, you generally may use the amounts from Schedule D or the Schedule D Tax Worksheet as instructed on Form 6251, lines 37, 38, and 39. But do not use those amounts if either of the following applies.

1. Any gain or loss on Schedule D is different for the AMT (for example, because of a different basis for the AMT due to depreciation adjustments, an incentive stock option adjustment, or a different AMT capital loss carryover from 2001).
2. You did not complete Part IV of Schedule D because Form 1040, line 41, is zero.

If 1 or 2 above applies, complete a Schedule D for the AMT as follows. If 1 applies, refigure the amounts for Schedule D, Parts I, II, and III for the AMT; otherwise, use the regular tax amounts. Next, complete line 19 of the AMT Schedule D and lines 21 through 23 (or lines 2 through 9 of an AMT Schedule D Tax Worksheet, if applicable). Use amounts from the AMT Schedule D or AMT Schedule D Tax Worksheet to complete lines 37, 38, and 39 of Form 6251. Keep the AMT Schedule D and worksheet for your records, but do not attach the AMT Schedule D to your tax return.

If you did not complete line 28 of Schedule D for the regular tax (or line 16 of the Schedule D Tax Worksheet, if applicable), enter zero on Form 6251, line 43.

Note:   Do not decrease your section 1202 exclusion by the amount, if any, on line 12.

Line 46

Generally, you may enter the amount, if any, from Schedule D, line 29, on Form 6251, line 46. However, if your qualified 5-year gain is different for the AMT (for example, because of a different basis), you must complete an AMT Qualified 5-Year Gain Worksheet (on page D-8 of the Schedule D instructions). If the amount on any line of the worksheet is different for the AMT, use the AMT amount instead of the regular tax amount. Enter the amount from line 8 of that worksheet on Form 6251, line 46.

We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103.

The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is:

Recordkeeping	19 min.
Learning about the law or the form	1 hr., 11 min.
Preparing the form	1 hr., 38 min.
Copying, assembling, and sending the form to the IRS	34 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. See the instructions for the tax return with which this form is filed.

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