Fiduciary Income Tax Return (For Estates And Trusts) 2012 Page 2

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Form 81-110-12-8-2-000 (Rev.5/12)
Mississippi
MS
Fiduciary
Page 2
Computation of Net Taxable Income Schedule
811101282000
2012
__ __ - __ __ __ __ __ __ __
Estate / Trust FEIN
(ROUND TO NEAREST DOLLAR)
1. Federal Adjusted Total Income (Loss) From Federal Form 1041 Line 17
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00
2. Additions to Federal Income for Mississippi Purposes:
a. State, Local & Foreign Government Taxes Based on Income
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00
b. Depletion in Excess of Cost Basis
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00
c. Interest on Obligations of Other States/Political Subdivisions
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00
d. Expenses Directly Applicable to Earning Interest on U.S. Government Obligations
claimed on Federal Form 1041
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00
e. Itemized Deductions claimed on Form 1041 (Add back only if Standard Deduction
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00
is claimed below.)
f. MS Source QSST Income
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00
g. Other Additions (Itemize each item)
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00
h.
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00
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00
i.
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00
3. Total Additions (Add Lines 2a through 2i)
4. Total Income (Line 1 plus Line 3)
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00
5. Deductions from Federal Income for Mississippi Purposes:
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00
a. Interest on U.S. Government Obligations
b. Wages Reduced by Federal Employment Tax Credits
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00
c. Miss Code Ann
27-7-9 (f)(10) Gain Included in Line 4, Page 1, Form 1041 (LTCG from Sales
S S
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00
of Stock or Interest in Domestic (Mississippi) Corporations, Limited Partnerships, or LLCs)
d. Expenses Directly Applicable to Earning Interest Income shown on Line 2c above not
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00
claimed on Federal Form 1041.
e. Standard Deduction (See Line 2e above if Standard Deduction is claimed.)
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00
f. Non-Mississippi Income (Net of Expenses) (NON-RESIDENT FIDUCIARY RETURNS ONLY)
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00
g. Other Deductions (Itemize each item)
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00
h.
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00
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00
i.
6. Total Deductions (Add Lines 5a through 5i.)
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00
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00
7. Adjusted Net Income (Loss) for Mississippi purposes. (Line 4 minus Line 6)
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00
8. Amount Allocated to Beneficiaries (Must Attach Schedule K, Form 81-131)
9. Estate Tax Deduction (See Instructions Form 80-100 for Schedule of Tax Computation Table)
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00
10. Subtotals (Line 8 plus Line 9)
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00
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00
11. Exemption (Estate- $600: Simple - $300: Complex - $100)
12. Taxable Income (Loss) for Mississippi Purposes (Line 7 minus Line 10 and Line 11)
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00

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