Instructions For Schedule K-1 (Form 1041) For A Beneficiary Filing Form 1040

project credit. The fiduciary must provide

Box 14—Other Information

Code A. Credit for estimated taxes.

you with a statement that shows the

The beneficiary treats this amount as a

Code C. Qualified production

information you will need and where to

payment of estimated tax. To figure any

activities income. If any of the income is

report it on Form 3468 so that you can

underpayment and penalty on Form 2210,

oil-related qualified production activities

figure the amount of the previously listed

Underpayment of Estimated Tax by

income, the fiduciary must give you a

credits that you may claim.

Individuals, Estates, and Trusts, treat the

statement that shows the amount. Enter

amount entered in box 13, code A, as an

Code H. Biofuel producer credit. See

the oil-related amount on Form 8903,

estimated tax payment made on January

the Instructions for Form 6478 for more

Domestic Production Activities Deduction,

15, 2016.

information. If your only source for the

line 7, col. (a). Enter the amount from all

credit is a pass-through entity, such as an

activities on Form 8903, line 7, col. (b).

Note. Form 1041-T, Allocation of

estate or trust, you can report the amount

Estimated Tax Payments to Beneficiaries,

Code F. Gross farming and fishing in-

on Form 3800, Part III, line 4c.

must be timely filed by the fiduciary for the

come. The amount of farming and fishing

Code J. Renewable electricity, refined

beneficiary to get the credit for an

income is included in box 6. This income

coal, and Indian coal production cred-

estimated tax payment.

is separately stated to help determine if

it. The fiduciary must provide you with a

you are subject to a penalty for

Code B. Credit for backup withholding.

statement showing the amount of credit to

underpayment of estimated tax. Report

Include this amount on line 64 of your

report on line 9 in Part I, and how much to

the amount of gross farming and fishing

Form 1040 and attach a copy of

report on line 29 in Part II of Form 8835

income on Schedule E (Form 1040),

Schedule K-1 (Form 1041) to your return.

(including the allocation of the Part II credit

Supplemental Income and Loss, line 42.

for production during the 4-year period

Code C. Low-income housing credit.

Code H. Net investment income tax.

beginning on the date the facility was

The fiduciary will provide you with a

This amount is the beneficiary's

placed in service and for production after

statement showing the amount to report

adjustment for section 1411 net

that period). If your only source for the

on lines 4 and 11 of Form 8586. If your

investment income or deductions. Enter

credit is a pass-through entity you can

only source for the credit is a pass-through

this amount on Line 7 of Form 8960, as

report the amounts from lines 9 and 29

entity, such as an estate or trust, you can

applicable. See the Instructions for Form

directly on Form 3800, Part III, lines 1f and

report the amounts from lines 4 and 11 of

8960.

4e, as applicable. Otherwise, complete

Form 8586 directly on Form 3800, Part III,

Form 8835 as directed.

lines 1d and 4d, respectively.

Code I. Other information. If this code is

used, the fiduciary will provide you with

Code O. Biodiesel and renewable die-

Code D. Rehabilitation credit and ener-

any additional information you may need

sel fuels credit. If this credit includes the

gy credit. The fiduciary must give you a

to file your return that is not shown

small agri-biodiesel producer credit, the

statement that shows the information you

elsewhere on this Schedule K-1.

fiduciary will provide additional information

will need and where to enter it on Form

on an attached statement. If no statement

3468, Investment Credit, so that you can

If you receive a statement regarding

is attached, report this amount on line 9 of

figure the amount of any rehabilitation

the splitting of foreign tax credits from the

Form 8864. If a statement is attached, see

credit and energy credit that you may

income to which it relates, section 909

the Instructions for Form 8864, line 11.

may prevent you from deducting the

claim.

foreign tax credit until the related foreign

Code R. Recapture of credits. If you are

Code E. Other qualifying investment

income is taken into account. See Form

required to recapture any credits, the

credit. This code is used to report the

1116, Foreign Tax Credit, and Pub. 514,

fiduciary will provide a statement with the

qualified investment for figuring the

Foreign Tax Credit for Individuals, for

information you need to figure your credit

qualifying advanced coal project credit,

more information.

recapture.

the qualifying gasification project credit,

and the qualifying advanced energy

2015 Instructions for Schedule K-1 (Form 1041)

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Instructions For Schedule K-1 (Form 1041) For A Beneficiary Filing Form 1040 - 2015 Page 3

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