Printable Form 6251 Las Cruces New Mexico 2024-2025

Printable Form 6251 Las Cruces New Mexico: What You Should Know

Form 4037.pdf 1 if filing Schedule Form 1040, enter the total of all nontaxable income from your business or farm (See instructions for how to complete each line.) 2 If filing Form 4040, enter the total of all nontaxable income from your farming or ranching business (See instructions for how to complete each line.) 3 Enter all nontaxable capital gain from the disposal of any property. 4 Enter the sum of all capital gain (See instructions for line 2) 5 Enter the sum of all stock dividends, if any (See instructions for line 2) 6 If your AGI is less than the amount shown in box 3 (see box 1), enter the excess amount in box 9. You can't claim a deduction for interest or dividends paid to a corporation as an adjustment to tax. This rule applies even if you're treated as a nonresident alien. (See Rev. Pro. 2008-55(a), 2008-56 Tax Information Bulletin, for more information.) Part II Alternative Minimum Taxable Income (See instructions for how to complete each line.) 7 If filing Form 4040, enter the total of all nontaxable income from your farm or ranch business (See instructions for how to complete each line.) 8 If filing Form 4040, enter the sum of all nontaxable income from your farming or ranching business (See instructions for how to complete each line.) 9 Enter all nontaxable capital gain from the disposal of any property. 10 Enter the sum of all capital gain (See instructions for line 2) 11 Enter the gross income tax (See instructions for line 3) 12 Enter the gross income tax and the net tax (See instructions for line 4) 13 Enter net capital gain or loss (See instructions for line 5) You can't claim a deduction for interest or dividends paid to a corporation as an adjustment to tax. This rule applies even if you're treated as a nonresident alien. (See Rev. Pro. 2008-55(a), 2008-56 Tax Information Bulletin, for more information.) New Mexico, Oklahoma, Texas & Kansas have their own version of the AMT—the Lowered Alternative Minimum Tax (LAST). Part III Alternative Minimum Taxable Income (See instructions for how to complete each line.

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