! — Instruction 1041 (Schedule I)

CAUTION

Don’t adjust the amount of any foreign source qualified dividends you elected to include on line 4g of the AMT Form 4952.

Foreign capital gains or losses. If any capital gain or loss from U.S. or foreign sources is different for the AMT, use the refigured amounts to complete this step.

To figure the adjustment for the estate's or trust's foreign source capital gains or losses, you must first determine whether you can use Worksheet A or Worksheet B in the Instructions for Form 1116. Otherwise, you must use the instructions for Capital Gains and Losses in Pub. 514, Foreign Tax Credit for Individuals, to figure the adjustments you must make to the estate's or trust's foreign source capital gains and losses.

Use Worksheet A if the estate or trust has foreign source capital gains or losses in no more than two separate categories, and any of the following apply.

You weren't required to make adjustments to the estate's or trust's foreign source qualified dividends under the

2025 Instructions for Schedule I (Form 1041) 9

If you completed Part IV of Schedule I (Form 1041), complete an AMT Worksheet for Line 18 in the Instructions for Form 1116 to figure the amount to enter on Form 1116, line 18, if:

Line 60 of Schedule I (Form 1041) is greater than zero, and
Line 81 of Schedule I (Form 1041) is smaller than line 82.

But you don’t need to complete the Worksheet for Line 18 if:

The estate or trust qualifies for the adjustment exception discussed in the Instructions for Form 1116, and
Line 60 of Schedule I (Form 1041) isn't more than $239,100 . Note. Use the estate's and trust's capital gains and losses as refigured for the AMT to determine if its total amounts are less than the $20,000 threshold under the adjustment exception.

If you don’t have to complete an AMT Worksheet for Line 18, enter the amount from line 27 of Schedule I (Form 1041) on line 18 of the AMT Form 1116. Instructions for completing an AMT Worksheet for Line 18. To complete an AMT Worksheet for Line 18 in the Instructions for Form 1116, follow these instructions.

Enter the amount from Schedule I (Form 1041), line 27, on line 1 of the worksheet.
Skip lines 2 and 3 of the worksheet.
Enter the amount from Schedule I (Form 1041), line 79, on line 4 of the worksheet.
Multiply line 4 of the worksheet by 0.1071 (instead of the number used for regular tax) and enter the results on line 5 of the worksheet.
Enter the amount from Schedule I (Form 1041), line 76, on line 6 of the worksheet.
Multiply line 6 of the worksheet by 0.2857 (instead of the number used for regular tax) and enter the result on line 7 of the worksheet.
Enter the amount from Schedule I (Form 1041), line 73, on line 8 of the worksheet.
Multiply line 8 of the worksheet by 0.4643 (instead of the number used for regular tax). Enter the result on line 9 of the worksheet.
Enter the amount from Schedule I (Form 1041), line 66, on line 10 of the worksheet.
Complete lines 11 and 12 of the worksheet as instructed on the worksheet.

Step 7. Enter the amount from Schedule I (Form 1041), line 50, on the AMT Form 1116, line 20. Complete lines 19 through 24 of the AMT Form 1116.

Step 8. Complete Part IV of the first AMT Form 1116 only.

Enter on line 51 of Schedule I (Form 1041) the amount from line 35 of the first AMT Form 1116.

Attach to the estate's or trust's return all AMT Forms 1116 (and if applicable Schedule B (Form 1116)) you used to figure your AMT foreign tax credit.

AMT foreign tax credit carryback and carryforward. If the AMT foreign tax credit is limited, any unused amount can be carried back or forward under section 904(c). The election

to forego the carryback period for regular tax purposes also applies for the AMT.

Simplified limitation election. The estate or trust may elect to use a simplified section 904 limitation to figure its AMT foreign tax credit. To do so, use the estate's or trust's regular tax income for Form 1116, Part I, instead of refiguring the estate's or trust's foreign source income for the AMT, as described in Step 2 in the instructions for line 51, earlier. The estate or trust must make the election for the first tax year after 1997 for which it claims an AMT foreign tax credit. If it doesn't make the election for that year, it 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.

Line 53—Tax ESBTs. Enter the tax shown on line 14a of the ESBT Tax Worksheet (minus any foreign tax credit from line 15a of the ESBT worksheet).

Line 54—Alternative Minimum Tax ESBTs. Enter the amount shown on line 14b of the ESBT Tax Worksheet.