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CAUTION

Don’t enter again elsewhere on this schedule any AMT adjustment or tax preference item included on this line.

4 2025 Instructions for Schedule I (Form 1041)

Refigure passive activity gains and losses on an AMT basis. Refigure a passive activity gain or loss by taking into account all AMT adjustments or tax preference items that pertain to that activity.

You may complete a second Form 8582, Passive Activity Loss Limitations, to determine the passive activity losses allowed for AMT purposes, but don't send this AMT Form 8582 to the IRS.

Enter the difference between the loss reported for regular tax purposes and the AMT loss, if any.

The amount of any passive activity loss that isn't

TIP deductible (and is therefore carried forward) for AMT

purposes is likely to differ from the amount (if any) that is carried forward for regular tax purposes. Therefore, it is essential that you retain adequate records for both AMT and regular tax purposes.

Publicly traded partnerships (PTPs). If the estate or trust had a loss from a PTP, refigure the loss using any AMT adjustments, tax preference items, and any AMT prior year unallowed loss.

Line 14—Loss Limitations

Note. Contracts described in section 460(e)(1)(B) are subject to the simplified method of cost allocation of section 460(b)(4).

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

Line 17—Mining Costs