California Schedule K-1 (541) - Beneficiary'S Share Of Income, Deductions, Credits, Etc. - 2005

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TAXABLE YEAR
Beneficiary’s Share of Income, Deductions,
CALIFORNIA SCHEDULE
2005
Credits, etc.
K-1 (541)
For calendar year 2005 or fiscal year beginning month ____ day ____ year 2005, and ending month ____ day ____ year ________
Complete a separate Schedule K-1 (541) for each beneficiary.
Name of estate or trust
Beneficiary’s social security number, California corporation number, or FEIN
Estate’s or trust’s FEIN
Beneficiary’s name, address, and ZIP Code
Fiduciary’s name, address, and ZIP Code
¼
.
A Beneficiary’s percentage of distribution at year end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___ ___ ___
___ ___ ___ ____ %
¼
B Check here only if this is:
(1)
A final Schedule K-1 (541)
(2)
An amended Schedule K-1 (541)
¼
C What type of entity is this beneficiary? . . . .
(1)
Individual
(2)
Estate/Trust (3)
Qualified Exempt Organization (4)
Other _____________
¼
D Is this beneficiary a nonresident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
¼
E Is the fiduciary a nonresident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
Caution: Refer to the instructions for Schedule K-1 (541) before entering information from this schedule on your California return.
(a)
(b)
(c)
(d)
(e)
Allocable share item
Amount from
California
Total amounts using
California
federal Schedule
Adjustments
California law
source amounts
K-1 (1041)
Combine col. (b) and col. (c)
and credits
b
b
1 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b
b
2 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b
b
3 Net capital gain or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 a Annuities, royalties, and other non-passive income
b
b
before directly allocable deductions (itemize) . . . . . . .
b Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 a Trade or business, rental real estate, and other
b
b
passive income (itemize) . . . . . . . . . . . . . . . . . . . . . . . .
b Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
6 Income for alternative minimum tax purposes . . . . . . . . .
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
7 Income for regular tax purposes. Add line 1 through line 5
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
8 Adjustment for alternative minimum tax purposes.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . .
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1
9 Adjustments and tax preference items:
a Accelerated depreciation . . . . . . . . . . . . . . . . . . . . . . . .
b Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d Exclusion items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 Deductions in the final year of estate or trust:
a Excess deductions on termination. (Attach computation)
b Capital loss carryover . . . . . . . . . . . . . . . . . . . . . . . . . .
c Net operating loss (NOL) carryover for regular tax
purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d NOL carryover for alternative minimum tax purposes .
11 Other (itemize):
a Trust payments of estimated tax credited to you . . . . .
b Tax-exempt interest . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Taxes paid to other states. Attach Schedule S, Other
State Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d Other credits. Attach schedule . . . . . . . . . . . . . . . . . . .
e ________________________________ . . . . . . . . . . .
K154105103
Schedule K-1 (541) 2005

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