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Form 1040—Lines 45 Through 50 ally, you must complete and attach Form c. You, or your spouse if filing jointly, 1116 to do so. could be claimed as a dependent on some- Line 45 one else’s 2009 return. Exception. You do not have to complete Alternative Minimum Tax 5. Your child whom you could not claim Form 1116 to take this credit if all five of as a dependent because of the rules for Use the worksheet on page 41 to see if you the following apply. Children of divorced or separated parents should fill in Form 6251. 1. All of your gross foreign source in- that begin on page 18. An electronic version of this come was from interest and dividends and worksheet is available on all of that income and the foreign tax paid For details, use TeleTax topic 602 (see www.irs.gov. Enter “AMT As- on it were reported to you on Form page 94) or see Form 2441. TIP sistant” in the search box on the 1099-INT, Form 1099-DIV, or Schedule website. K-1 (or substitute statement). 2. If you had dividend income from Exception. Fill in Form 6251 instead of Line 49 shares of stock, you held those shares for at using the worksheet on page 41 if you least 16 days. claimed or received any of the following Education Credits items. 3. You are not filing Form 4563 or ex- If you (or your dependent) paid qualified cluding income from sources within Puerto • Accelerated depreciation. expenses in 2009 for yourself, your spouse, Rico. • Stock by exercising an incentive stock or your dependent to enroll in or attend an 4. The total of your foreign taxes was option and you did not dispose of the stock eligible educational institution, you may be not more than $300 (not more than $600 if in the same year. able to take an education credit. See Form married filing jointly). 8863 for details. However, you cannot take • Tax-exempt interest from private ac- 5. All of your foreign taxes were: an education credit if any of the following tivity bonds. applies. • Intangible drilling, circulation, re- a. Legally owed and not eligible for a • You, or your spouse if filing jointly, search, experimental, or mining costs. refund, and are claimed as a dependent on someone • Amortization of pollution-control fa- b. Paid to countries that are recognized else’s (such as your parent’s) 2009 tax re- cilities or depletion. by the United States and do not support turn. terrorism. • Income or (loss) from tax-shelter farm • Your filing status is married filing activities or passive activities. For more details on these requirements, separately. • Income from long-term contracts not see the Instructions for Form 1116. • The amount on Form 1040, line 38, is figured using the percentage-of-completion $90,000 or more ($180,000 or more if mar- Do you meet all five requirements method. ried filing jointly). above? • Interest paid on a home mortgage not • You are taking a deduction for tuition used to buy, build, or substantially improve ❏ Yes. Enter on line 47 the smaller of (a) and fees on Form 1040, line 34, for the your home. your total foreign taxes, or (b) the amount same student. on Form 1040, line 44. • Investment interest expense reported • You, or your spouse, were a nonresi- on Form 4952. ❏ No. See Form 1116 to find out if you dent alien for any part of 2009 unless your • Net operating loss deduction. can take the credit and, if you can, if you filing status is married filing jointly. have to file Form 1116. • Alternative minimum tax adjustments from an estate, trust, electing large partner- ship, or cooperative. Line 50 • Section 1202 exclusion. Line 48 • Any general business credit in Part I Retirement Savings Credit for Child and of Form 3800. Contributions Credit Dependent Care Expenses • Empowerment zone and renewal (Saver’s Credit) community employment credit. You may be able to take this credit if you You may be able to take this credit if you, • Qualified electric vehicle credit. paid someone to care for any of the follow- or your spouse if filing jointly, made (a) ing persons. • Alternative fuel vehicle refueling contributions, other than rollover contribu- property credit. 1. Your qualifying child under age 13 tions, to a traditional or Roth IRA; (b) elec- • Credit for prior year minimum tax. whom you claim as your dependent. tive deferrals to a 401(k) or 403(b) plan (including designated Roth contributions) 2. Your disabled spouse who could not Form 6251 should be filled in or to a governmental 457, SEP, or SIMPLE care for himself or herself, and who lived for a child if Form 8615 must be plan; (c) voluntary employee contributions with you for more than half the year. used to figure the child’s tax to a qualified retirement plan (including the CAUTION ! 3. Any disabled person not able to care and the child’s adjusted gross federal Thrift Savings Plan); or (d) contri- for himself or herself, who lived with you income on Form 1040, line 38, exceeds the butions to a 501(c)(18)(D) plan. for more than half the year, and whom you child’s earned income by more than claim as a dependent. $6,700. To find out when Form 8615 must However, you cannot take the credit if be used, see page 38. 4. Any disabled person not able to care either of the following applies. for himself or herself, who lived with you 1. The amount on Form 1040, line 38, is for more than half the year, and whom you more than $27,750 ($41,625 if head of could have claimed as a dependent except household; $55,500 if married filing Line 47 that: jointly). Foreign Tax Credit a. The person filed a joint return, 2. The person(s) who made the qualified If you paid income tax to a foreign country, b. The person had $3,650 or more of contribution or elective deferral (a) was you may be able to take this credit. Gener- gross income, or born after January 1, 1992, (b) is claimed as Need more information or forms? See page 96. - 40 -