Table of Contents

• General Instructions
  • Purpose of Form
  • Who Must File
    • Exemption for Small Corporations
  • Credit for Prior Year Minimum Tax
  • Recordkeeping
  • Short Period Return
  • Allocating Differently Treated Items Between Certain Entities and Their Investors
  • Optional Write-Off for Certain Expenditures
• Specific Instructions
  • Line 1—Taxable Income or (Loss) Before Net Operating Loss Deduction
  • Line 2—Adjustments and Preferences
    • Line 2a—Depreciation of Post-1986 Property
    • Line 2b—Amortization of Certified Pollution Control Facilities
    • Line 2c—Amortization of Mining Exploration and Development Costs
    • Line 2d—Amortization of Circulation Expenditures
    • Line 2e—Adjusted Gain or Loss
    • Line 2f—Long-Term Contracts
    • Line 2g—Merchant Marine Capital Construction Funds
    • Line 2h—Section 833(b) Deduction
    • Line 2i—Tax Shelter Farm Activities
    • Line 2j—Passive Activities
    • Line 2k—Loss Limitations
    • Line 2l—Depletion
    • Line 2m—Tax-Exempt Interest Income From Specified Private Activity Bonds
    • Line 2n—Intangible Drilling Costs
    • Line 2o—Other Adjustments
  • Line 4—Adjusted Current Earnings (ACE) Adjustment
  • Line 6—Alternative Tax Net Operating Loss Deduction (ATNOLD)
  • Line 7—Alternative Minimum Taxable Income
  • Line 8—Exemption Phase-Out Computation
  • Line 11—Alternative Minimum Tax Foreign Tax Credit (AMTFTC)
    • Simplified Limitation Election
  • Line 13
  • ACE Worksheet Instructions
    • Treatment of Certain Ownership Changes
• Instructions for Form 4626 - Notices
  • Paperwork Reduction Act Notice.