To calculate the Alternative Minimum Tax (AMT)* preference item, use the calculation and the percentages below. The result is the amount that may be treated as a preference item for your AMT.
Investors who hold the funds below directly with American Century Investments® can find the AMT preference item in box 11 of their Form 1099-DIV.
Total Income Distribution X AMT Percentage for the Appropriate Fund
* Alternative minimum tax (AMT). The alternative minimum tax (AMT) is a parallel tax system that was created to keep high income individuals from avoiding taxes through various deductions and exemptions.
IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.