Form 8801 - Credit For Prior Year Minimum Tax Individuals Estates Trusts

Form 8801 is to compute the amount of any credit available for payment of alternative minimum tax (AMT) in prior years. The minimum tax credit is allowed for the amount of adjusted net minimum tax for all tax years reduced by the minimum tax credit for all prior tax years. Any unused credit may be carried forward indefinitely as a credit against regular tax liability. However, the credit may not be used to offset any future AMT liability. This form is used by individuals, estates, and trusts to calculate the credit available to them based on their AMT liability from previous years.