California Form 5870a - Tax On Accumulation Distribution Of Trusts - 2007 Page 2
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Part II Tax on Distributions of previously untaxed trust income under Revenue and Taxation Code Section 7745 (b) and (d):
• If the income was accumulated over a period of five years or more, complete Section A .
• If the income was accumulated over a period of less than 5 years, complete Section B .
Section A — See instructions .
Income accumulated over five years or more . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
2 Divide line 1 by 6 . Enter here and on Schedule CA (540 or 540NR), line 21f, column C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
00
(a)
(b)
(c)
(d)
(e)
2006
2005
2004
2003
2002
3 Were you a resident or part-year resident? Enter “Yes” or “No” for each year
3
(Answer “No” for nonresident years .)
4 Enter your taxable income before this distribution for the five immediately
preceding years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Enter the amount from line 2 in column (a) through column (e) . . . . . . . .
5
6 Recomputed taxable income . Add line 4 and line 5 . . . . . . . . . . . . . . . . . .
6
7 Tax on amounts on line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Tax before credits on line 4 income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 Additional tax before credits . Subtract line 8 from line 7 . . . . . . . . . . . . . .
9
0 Tax credit adjustment . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . .
0
Subtract line 10 from line 9 . See instructions . . . . . . . . . . . . . . . . . . . . . .
2 Alternative minimum tax adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Add line 11 and line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Add line 13, column (a) through column (e) for all years that you entered “Yes” on line 3 . Enter here and on
Form 540, line 23; Long Form 540NR, line 26; or Form 541, line 21b . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Section B — See instructions .
Income accumulated less than 5 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
2 Averaging factor:
a Enter the number of years the trust accumulated the amount on line 1 . . . . . . . . . .
2a
b Distribution year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2b
3 Add line 2a and line 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Divide line 1 by line 3 . Enter here and on Schedule CA (540 or 540NR), line 21f, column C . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
00
(a)
(b)
(c)
(d)
2006
2005
2004
2003
5 Were you a resident or part-year resident? Enter “Yes” or “No” for each year .
5
(Answer “No” for nonresident years .)
6 Enter your taxable income before this distribution for the number of
preceding years entered on line 2a . See instructions . . . . . . . . . . . . . . . . .
6
7 Enter the amount from line 4 in column (a) through column (d) . . . . . . . .
7
8 Recomputed taxable income . Add line 6 and line 7 . . . . . . . . . . . . . . . . . .
8
9 Tax on amounts on line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
0 Tax before credits on line 6 income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0
Additional tax before credits . Subtract line 10 from line 9 . . . . . . . . . . . . .
2 Tax credit adjustment . Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Subtract line 12 from line 11 . See instructions . . . . . . . . . . . . . . . . . . . . .
3
4 Alternative minimum tax adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Add line 13 and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Add line 15, column (a) through column (d) for all years that you entered “Yes” on line 5 . Enter here and on
Form 540, line 23; Long Form 540NR, line 26; or Form 541, line 21b . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
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Side 2 FTB 5870A 2007
7702073
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