I need help filling out a 6251 taxation form with the following information uplo

Question

I need help filling out a 6251 taxation form with the following information uploading the PDF isn't nesesary I just need to know where each number in the information goes on the form and if a calculation needs to happen what it is please address every number in the information I give thank you so much its greatly appreciated the form is online

Ricky and Lucy are maried cy are married and have two children ages 8 and 12 Their tax information for 2014 is: 125,000 1 AGI Itemized deductions Medical Faxes Mortgage interest on home Home equity loan interest (A) Contributions 21,000 2 3,000 3 1,000 s 85,000 6,000 69,000 9 Exemptions Taxable income 8,428 Lo Regular tax (A) Proceeds from home equity loan were used to buy his and here Harley-Davids REQUIRED: PREPARE FORM 6251 -ALTERNATIVE MINIMUM TAX- Form can be obtained at www.irs.gov/forms

Explanation / Answer

Ricky & Lucy Year 2014 AGI 125000 Itemized Deductions: Actuals Limit Allowable Medical 21000 8500 8500 Taxes 3000 Fully Allowed 3000 Mortgage Interest on home 15000 100000 15000 Contributions 1000 62500 1000 Total 27500 Exemptions (3950 x 4) 16000 15800 15800 15800 Taxable Income 81700 Tax @ 10% 18150 1815 Tax @ 15% 55650 8348 Tax @ 25% 7900 1975 Total Tax 12138

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