Instructions For Form Mo-Nrf - 2015

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Column 2 —
If a fiduciary fails to compute reasonable related expenses,
Mark the box if the beneficiary is a
the Director of Revenue will make an adjustment based
nonresident of Missouri.
on the information available.
If sufficient information is
Column 3 —
Enter the beneficiary’s social security
not made available, the Director of Revenue will use the
number.
following formula to compute related expenses.
Column
4
Enter
the
beneficiary,
charitable
The principal expense item in this formula is interest
beneficiary, estate trust’s percentage of the distributable net
expense; however, the Director of Revenue may include
income.
other expense items because of their direct relationship
Column
5
Enter
the
beneficiary,
charitable
to the production of exempt income.
The fiduciary may
beneficiary, estate or trust’s share of the distributable net
propose an alternative method provided that it properly
income. Share of distributable net income is determined by
reflects the amount of related expenses.
multiplying the amount from the Total Row by the per centage
Line 13 —
Enter the total of Line 11 less Line 12.
in Column 4 for each row.
Line 14 —
Enter the amount of any state income tax
Column 6 —
Enter the beneficiary, charitable beneficiary,
refund included in your federal taxable income on Form
estate or trust’s share of the Missouri fiduciary adjustment.
MO-1041, Line 1.
Share of Missouri fiduciary adjustment is determined by
multiplying the amount from the total row by the percentage
Line 15 —
Enter negative adjustments (subtractions),
in Column 4 for each row.
reported from partnerships, fiduciaries, and S corporations.
The partnership, fiduciary, and S corporation must notify you
Enter the amount on the Estate or Trust Row on Form
of the amount of any such adjustment (subtraction) to which
MO-1041, Line 8 (subtraction) or Line 10 (addition).
you are entitled. Check the boxes applicable on Line 15 and
The amount after each name is to be reported as an
enclose a copy of the notification received. Failure to attach
adjustment, either as an addition or subtraction, from the
a copy of the notification furnished to you will result in the
federal adjusted gross income. A copy of this part (or its
disallowance of the modification.
information) must be provided to each beneficiary.
Line 16 — Depreciation Adjustment:
If the taxpayer
Form MO-NRF
purchased an asset between July 1, 2002, and June
30, 2003, and they elected to use the 30 percent
Instructions
depreciation on their federal return; the taxpayer may be
able to subtract a portion of the depreciation.
Enter the
additional depreciation created by the Job Creation and
(This form should be completed and attached with Form
Worker Assistance Act previously added back in prior years
MO-1041.)
to the extent allowable by Missouri Law
(143.121,
RSMo).
This amount is computed by figuring the allow-
Information for Filing
able depreciation expense prior to the Job Creation and
Mark the appropriate box if you are a Resident Estate or
Worker Assistance Act less the depreciation taken on
Trust (With Nonresident Beneficiaries) or a Nonresident
the federal return.
More information and examples can
Estate or Trust.
be found on the Department of Revenue’s website at
If you are a Resident Estate or Trust (with Nonresident
Beneficiaries), complete Parts 1, 2, 4, and 6 (omit Parts 3
Line 17 —
Enter the sum of Lines 13, 14, 15, and 16.
and 5). If you are a Nonresident Estate or Trust complete
Lines 18 and 19 —
Subtract Line 17 from Line 10. If a
Parts 1–5 (omit Part 6).
positive figure, enter the total on Line 18 (net addition). If a
negative figure, enter the total on Line 19 (net subtraction).
Part 1: Federal Distributable Net Income and
Enter the total from either Line 18 or Line 19 in Part 2, Column
Missouri Source Distributable Net Income
6, Totals Row.
The amounts entered in the federal column correspond to
lines on the Federal Form 1041. The amounts entered in
Part 2:
the Missouri column are from items derived from Missouri
sources.
Allocation of Missouri
Note:
Fiduciary Adjustment
Line 8 —
If the estate or trust made contributions to a
qualifying health care sharing ministry, enter the amount
paid in 2015 as a negative figure. Do not include amounts
Complete Part 2 only if Part 1 indicates a Missouri fiduciary
excluded from the federal taxable income. Attach an
adjustment.
explanation to the return. Failure to attach the requested
explanation will result in the disallowance of the deduction.
Totals Row —
Enter the amount of federal distributable
net income from the Federal Form 1041, Schedule B, Line 7
Line 22 —
If a Capital Gain or a Capital Loss is shown on
in Column 5. Enter the amount from Form MO-1041, Part 1,
this line, then the figure needs to be entered in Part 5, Line
Line 18 or 19 in Column 6 and mark the applicable box.
3. Capital gains or losses must be added back or subtracted
Column 1 —
Enter the name of each beneficiary, if a
to determine Missouri taxable income.
If this line has a
distribution was made.
negative figure then it must show as a positive figure on
8

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