Instructions For Form Mo-Nrf - 2013 printable pdf download

Column

—

The principal expense item in this formula is interest

Enter

the

beneficiary,

charitable

expense; however, the Director of Revenue may include

beneficiary, or estate or trust’s percentage of the distribut-

able net income.

other expense items because of their direct relationship

to the production of exempt income.

The fiduciary may

Column

—

Enter

the

beneficiary,

charitable

propose an alternative method provided that it properly

beneficiary, or estate or trust’s share of the distributable net

reflects the amount of related expenses.

income. Share of distributable net income is determined by

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

Line 15 —

Enter negative adjustments (subtractions),

multiplying the amount from the total row by the percentage

reported from partnerships, fiduciaries, and S corporations.

in Column 4 for each row.

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

enclose a copy of the notification received. Failure to attach

The amount after each name is to be reported as an

a copy of the notification furnished to you will result in the

adjustment, either as an addition or subtraction, from the

disallowance of the modification.

federal adjusted gross income. A copy of this part (or its

information) must be provided to each beneficiary.

Line 16 — Depreciation Adjustment:

If the taxpayer

purchased an asset between July 1, 2002, and June

Form MO-NRF

30, 2003, and they elected to use the 30 percent

depreciation on their federal return; the taxpayer may be

Instructions

able to subtract a portion of the depreciation.

Enter the

additional depreciation created by the Job Creation

and

Worker Assistance Act previously added back in prior

(This form should be completed and attached with

Form

years to the extent allowable by Missouri Law

(143.121,

MO-1041.)

RSMo). This amount is computed by figuring the allowable

depreciation expense prior to the Job Creation and Worker

Information for Filing

Assistance Act less the depreciation taken on the federal

Mark the appropriate box if you are a Resident Estate or

return. More information and examples can be found on the

Trust (With Nonresident Beneficiaries) or a Nonresident

Department of Revenue’s website at

Estate or Trust.

Line 17 —

Enter the sum of Lines 13, 14, 15, and 16.

If you are a Resident Estate or Trust (with Nonresident

Beneficiaries), complete Parts 1, 2, 4, and 6 (omit Parts 3

Lines 18 and 19 —

Subtract Line 17 from Line 10. If a

and 5). If you are a Nonresident Estate or Trust complete

positive figure, enter the total on Line 18 (net addition). If a

Parts 1–5 (omit Part 6).

negative figure, enter the total on Line 19 (net subtraction).

Enter the total from either Line 18 or Line 19 in Part 2, Column

Part 1: Federal Distributable Net Income and

6, Totals Row.

Missouri Source Distributable Net Income

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

Allocation of Missouri

sources.

Fiduciary Adjustment

Note:

Line 8 —

If the estate or trust made contributions to a

qualifying health care sharing ministry, enter the amount

Complete Part 2 only if Part 1 indicates a Missouri fiduciary

paid in 2013 as a negative figure. Do not include amounts

adjustment.

excluded from the federal taxable income. Attach an

Totals Row —

Enter the amount of federal distributable

explanation to the return. Failure to attach the requested

net income from the Federal Form 1041, Schedule B, Line 7

explanation will result in the disallowance of the deduction.

in Column 5. Enter the amount from

Form

MO-1041, Part 1,

Line 22 —

If a Capital Gain or a Capital Loss is shown on

Line 18 or 19 in Column 6 and mark the applicable box.

this line, then the figure needs to be entered in Part 5, Line

Column 1 —

Enter the name of each beneficiary, if a

3. Capital gains or losses must be added back or subtracted

distribution was made.

to determine Missouri taxable income.

If this line has a

Column 2 —

Mark the box if the beneficiary is a

negative figure then it must show as a positive figure on

nonresident of Missouri.

Line 3. If this line is a positive figure then it must show as a

Column 3 —

Enter the beneficiary’s social security

negative figure on Line 3.

number.

Line 24 —

Enter this amount on the “TOTALS” line on Part

4 (Allocation of Missouri Fiduciary Adjustment), Column 6.

Instructions For Form Mo-Nrf - 2013

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