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New Member
posted Jun 3, 2019 5:16:50 PM

I received schedule k1 form 1041 amounts in box 12 have increased my taxes why

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1 Best answer
Level 15
Jun 3, 2019 5:16:51 PM

"i received schedule k1 form 1041 amounts in box 12 have increased my taxes why"

The amounts in Box 12 are alternative minimum tax adjustments and those amounts may make you subject to the AMT. 

See https://www.irs.gov/instructions/i6251/ch01.html#d0e63

1 Replies
Level 15
Jun 3, 2019 5:16:51 PM

"i received schedule k1 form 1041 amounts in box 12 have increased my taxes why"

The amounts in Box 12 are alternative minimum tax adjustments and those amounts may make you subject to the AMT. 

See https://www.irs.gov/instructions/i6251/ch01.html#d0e63