Form 1041 (2012) Page 2
Summary: This is an example of Form 1041 (2009), page 2. The line items are completed as
follows:
- Under
Schedule B: Income Distribution Deduction
:1. Adjusted total income (see page 26 of the instructions)
field contains 12,6256. Enter any gain from page 1, line 4, as a negative number. If page 1, line 4, is a loss, enter the loss as a positive
number
field contains negative 2007. Distributable net income. Combine lines 1 through 6. If zero or less, enter
zero
field contains 12,42510. Other amounts paid, credited, or otherwise required to be
distributed
field contains 2,00011. Total distributions. Add lines 9 and 10. If greater than line 8, see page 27 of the
instructions
field contains 2,00013. Tentative income distribution deduction. Subtract line 12 from line
11
field contains 2,00014. Tentative income distribution deduction. Subtract line 2 from line 7. If zero or less, enter
zero
field contains 12,42515. Income distribution deduction. Enter the smaller of line 13 or line 14 here and on page 1, line
18
field contains 2,000
- Under
Schedule G: Tax Computation
:1a. Tax: Tax on taxable income (see page 27 of the instructions)
field contains 2,3841c. Tax: Alternative minimum tax (from Schedule I (Form 1041), line
56)
field contains 01d. Tax: Total. Add lines 1a through 1c
field contains 2,3844. Subtract line 3 from line 1d. If zero or less, enter 0
field contains 2,3845. Recapture taxes.
field contains 07. Total tax. Add lines 4 through 6. Enter here and on page 1, line
23
field contains 2,384
- Under
Other Information
:1. Did the estate or trust receive tax-exempt income?--No
checkbox checked2. Did the estate or trust receive all or any part of the earnings (salary, wages, and other compensation) of any individual by reason of a contract agreement or similar
arrangement?--No
checkbox checked3. At any time during calendar year 2009, did the estate or trust have an interest in or a signature or other authority over a bank, securities, or other financial account in a foreign
country?--No
checkbox checked4. During the tax year, did the estate or trust receive a distribution from, or was it the grantor of, or transferor to, a foreign
trust?--No
checkbox checked5. Did the estate or trust receive, or pay, any qualified residence interest on seller-provided
financing?--No
checkbox checked9. Are any present or future trust beneficiaries skip persons? See page 30 of the
instructions.--No
checkbox checked
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