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Click ‘Get Form’ to open the 8801 in the editor.
Begin by entering your name(s) as shown on your return at the top of the form.
In Part I, combine lines 1, 6, and 10 from your previous year's Form 6251. This will help you determine your net minimum tax on exclusion items.
Proceed to enter any adjustments and preferences treated as exclusion items in line 2. Follow the instructions provided for accurate entries.
For line 3, input your minimum tax credit net operating loss deduction as per the guidelines.
Continue filling out subsequent lines by following the calculations outlined in the form, ensuring that you check for specific conditions based on your filing status.
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