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 Posted:
Mon Nov 14, 2005 9:00 am Post subject:
Alternative Minimum tax Nonresident Alien filing Form 1040 |
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Question concerning Calculation of Alternative Minimum Tax
(AMT) for non resident aliens filing Form 1040NR/2004.
Taxpayer is limited partner in a limited partnership and
received a Schedule K-1(1065) for tax year 2004 from the
partnership. There is absolutely no other income .
Schedule K-1(1065) information (no additional items!):
Line 10: $ 10,000
Line 19b: $ 4,300 "syndication costs"
With no additional costs the net long-term capital gain
is reduced to $ 6,700. Total tax on 1040NR/2004,
line 40 = $130.--.
Question:
Does the non resident alien taxapayer have to pay ATM in
this case?
Thank you for your help.
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