Form 41 - Schedule P - Part-Year Resident Trust Computation Of Tax - 2006 Page 2

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Schedule P (Form 41) 2006 — page 2

Oregon Business Identification Number (BIN)

Name of Trust

Federal Employer Identification Number (FEIN)

SCHEDULE 1 — OREGON CHANGES TO DISTRIBUTABLE NET INCOME (DNI)

AND TAXABLE INCOME OF FIDUCIARY (TIF)

Column A

Column B

DNI

TIF

12. Distributable net income (from federal Form 1041, Schedule B, line 7) ................... 12

13. Taxable income of fiduciary (from federal Form 1041, line 22) ..........................................................................13

14. Changes in depreciation for Oregon (see instructions for Form 41, line 24) ................. 14

15. Other changes. Identify ___________________________________ .......................... 15

16. Line 14 plus line 15 ....................................................................................................... 16

17. Revised distributable net income (Column A, line 12 plus line 16)

Enter here and on page 1, line 1 ................................................................................... 17

18. Total taxable income (Column B, line 13 plus line 16)...........................................................................................18

19. Changes included on Column A, line 16, that were distributed (see instructions)..............................................19

20. Revised taxable income of fiduciary (total or net of lines 18 and 19)

Enter here and on page 1, line 4 ...........................................................................................................................20

SCHEDULE 2 — FIDUCIARY ADJUSTMENT

(refer to specific instructions for Form 41)

Subtractions

21. 2006 federal income tax subtraction—limited to $5,000 (see Form 41 instructions).............................................21

22. Interest on U.S. obligations included in income on federal Form 1041 $ _______________,

less allocation of administration and miscellaneous expenses $ _______________ ........................................22

23. Oregon income tax refund included as income on federal Form 1041..................................................................23

24. Other subtractions (attach explanation) ................................................................................................................24

25. Add lines 21 through 24 ........................................................................................................................................25

Additions

26. Oregon income tax deducted on 2006 federal Form 1041 ....................................................................................26

27. Interest on obligations of other states or their political subdivisions......................................................................27

28. Depletion in excess of adjusted basis ...................................................................................................................28

29. Estate taxes on income in respect of a decedent not taxable by Oregon .............................................................29

30. Other additions (attach explanation) .....................................................................................................................30

31. Add lines 26 through 30 ........................................................................................................................................31

32. Fiduciary adjustment (difference between lines 25 and 31) ..................................................................................32

This fiduciary adjustment is to be

added or

subtracted. Enter amount on page 1, line 5.

150-101-051 (Rev. 7-06) Web

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