Form 38 - Fiduciary Income Tax Return - 2007 Page 2
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5North Dakota Office of State Tax Commissioner
2007 Form 38, page 2
FEIN
Enter name of estate or trust
Schedule 1
MAIN METHOD-Income tax on fiduciary's taxable income
Part 1 - Calculation of tax
1
1 Federal taxable income
from Federal Form 1041, page 1, line 22
2
2
Additions (See instructions) (Attach supporting statement)
3
3
Add lines 1 and 2
4a
4 a
Interest from U.S. obligations
4b
b
Net long-term capital gain exclusion (from worksheet in instructions)
4c
c
Other subtractions (See instructions) (Attach supporting statement)
4d
d
Total subtractions. Add lines 4a, 4b, and 4c
5
5
North Dakota taxable income of fiduciary. Subtract line 4d from line 3
6
6
2007 Schedule 1 Tax Rate Schedule
Tax on amount on line 5 using the
below
resident
•
If
estate or trust, enter amount from line 6 on line 8. Do not complete lines 7a, 7b, and 7c.
nonresident
•
If
estate or trust, complete lines 7a, 7b, and 7c.
7 a
Fiduciary's share of total income from Part 2, line 11, Column A
7a
less the amount from Part 1, line 4a
7b
b
Income (loss) reportable to North Dakota from Part 2, line 11, Column B
7c
c
Divide line 7b by line 7a. Round to the nearest four decimal places
8
Tax on fiduciary's North Dakota taxable income: If resident estate or trust, enter amount from line 6.
8
If nonresident estate or trust, multiply line 6 by line 7c. Enter result here and on Form 38, page 1, line 1
2007
If the amount on line 5 is:
Schedule 1
Over
But not over
The tax is:
Tax Rate Schedule
$
0
$ 2,150 . . . . . . . . . . . . . . . . . . . . . 2.10% of amount on line 5
2,150
5,000 . . . $ 45.15 plus 3.92% of the amount over $ 2,150
5,000
7,650 . . . . . 156.87 plus 4.34% of the amount over
5,000
7,650
10,450 . . . . . 271.88 plus 5.04% of the amount over
7,650
10,450 . . . . . . . . . . . . . . 413.00 plus 5.54% of the amount over
10,450
Part 2 - Calculation of fiduciary's income
This part must be completed by all estates and trusts that use Schedule 1 (Main Method)
Resident estate or trust: Complete Column A only.
•
Nonresident estate or trust: Complete Columns A, B,
•
and C. See instructions for how to complete Columns B
Nonresident estates or trusts only
and C.
Column A
Column B
Column C
Federal return
North Dakota
Other States
1
1
Interest income
2
2
Ordinary dividends
3
3
Business income or (loss)
4
4
Capital gain or (loss)
5
5
Rents, royalties, partnerships, other estates and trusts, etc.
6
6
Farm income or (loss)
7
7
Ordinary gain or (loss)
8
8
Other income
9
9
Total income. Add lines 1 through 8
10
10
Portion of amount on line 9 distributed to beneficiaries
11
11
Fiduciary's share of total income. Subtract line 10 from line 9
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