Instructions For Form Mo-Nrf - 2012 printable pdf download

FORM MO-NRF

their direct relationship to the production of exempt income. The fiduciary

may propose an alternative method provided that it properly reflects the

Instructions

amount of related expenses.

Line 13 — Enter the total of Line 11 less Line 12.

Line 14 — Enter the amount of any state income tax refund included in

your federal taxable income on Form MO-1041, Line 1.

Line 15 — Enter negative adjustments (subtractions), reported from

(This form should be completed and attached with Form MO-1041.)

partnerships, fiduciaries, and S corporations. The partnership, fiduciary,

Information for Filing

and S corporation must notify you of the amount of any such adjustment

(subtraction) to which you are entitled. Check the boxes applicable on

Mark the appropriate box if you are a Resident Estate or Trust (With

Line 15 and enclose a copy of the notification received. Failure to attach

Nonresident Beneficiaries) or a Nonresident Estate or Trust.

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

If you are a Resident Estate or Trust (with Nonresident Beneficiaries),

ance of the modification.

complete Parts 1, 2, 4, and 6 (omit Parts 3 and 5). If you are a

Line 16 — Depreciation Adjustment: If the taxpayer purchased an

Nonresident Estate or Trust complete Parts 1–5 (omit Part 6).

asset between July 1, 2002, and June 30, 2003, and they elected to use

the 30 percent depreciation on their federal return; the taxpayer may be

Part 1: Federal Distributable Net Income and Missouri

able to subtract a portion of the depreciation. Enter the additional depre-

Source Distributable Net Income

ciation created by the Job Creation and Worker Assistance Act previ-

ously added back in prior years to the extent allowable by Missouri Law

The amounts entered in the federal column correspond to lines on the

(143.121, RSMo). This amount is computed by figuring the allowable

Federal Form 1041. The amounts entered in the Missouri column are

from items derived from Missouri sources.

depreciation expense prior to the Job Creation and Worker Assistance

Act less the depreciation taken on the federal return. More information

Note:

and examples can be found on the Department of Revenue’s web site at:

Line 8 — If the estate/trust made contributions to a qualifying health care

sharing ministry, enter the amount paid in 2012 as a negative figure. Do

Line 17 — Enter the sum of Lines 13, 14, 15, and 16.

not include amounts excluded from the federal taxable income. Attach an

explanation to the return. Failure to attach the requested explanation

Lines 18 and 19 — Subtract Line 17 from Line 10. If a positive figure,

will result in the disallowance of the deduction.

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

total on Line 19 (net subtraction). Enter the total from either Line 18 or

Line 22 — If a Capital Gain or a Capital Loss is shown on this line, then

Line 19 in Part 2, Column 6, Totals Row.

the figure needs to be entered in Part 5, Line 3. Capital gains or losses

must be added back or subtracted to determine Missouri taxable income.

PART 2:

If the line has a negative figure then it must show as a positive figure on

ALLOCATION OF MISSOURI

Line 3 and if the line is a positive figure then it must show as a negative

figure on Line 3.

FIDUCIARY ADJUSTMENT

Line 24 — Enter this amount on the “TOTALS” line on Part 4 (Allocation

of Missouri Fiduciary Adjustment), Column 6.

Complete Part 2 ONLY if Part 1 indicates a Missouri fiduciary adjustment.

Totals Row — Enter the amount of federal distributable net income

Part 2: Modifications to Missouri Source Items

from the Federal Form 1041, Schedule B, Line 7 in Column 5. Enter the

Modifications (additions and subtractions) to Missouri source income

amount from Form MO-1041, Part 1, Line 18 or 19 in Column 6 and mark

should be listed and briefly explained in the space provided in Part 2 of

the applicable box.

this form. The additions or subtractions claimed should come from the

Column 1 — Enter the name of each beneficiary, if a distribution was

additions and subtractions reported in Part 1 (Missouri Fiduciary Ad just-

made.

ment) of Form MO-1041.

Column 2 — Mark the box if the beneficiary is a nonresident of Missouri.

Line 1: Food Pantry Contributions - If the estate/trust is claiming the

Food Pantry Tax Credit, (Form MO-FPT) and it included its donations as a

Column 3 — Enter the beneficiary’s social security number.

deduction on the Federal Schedule A, report the amount of the donations,

Column 4 — Enter the beneficiary/charitable beneficiary/estate or trust’s

as noted on Line 8a of Form MO-FPT, by writing the description “Food

percentage of the distributable net income.

Pantry Contributions” along with the amount on Line 1.

Column 5 — Enter the beneficiary/charitable beneficiary/estate or trust’s

Line 3: Enter this amount on the “Totals” Line on Part 4 (Allocation of

share of the distributable net income. Share of distributable net income

Missouri fiduciary adjustments), Column 5.

is determined by multiplying the amount from the Total Row by the

per centage in Column 4 for each row.

Part 3: Missouri Source Federal Income Tax

Column 6 — Enter the beneficiary/charitable beneficiary/estate or trust’s

The federal tax reported on Line 4 (not to exceed $5,000), should be

share of the Missouri fiduciary adjustment. Share of Missouri fiduciary

adjusted based on the percentage of income attributable to Missouri.

adjustment is determined by multiplying the amount from the total row by

This percentage reported on Line 5 is calculated by dividing the Missouri

the percentage in Column 4 for each row.

source distributable net income (Form MO-NRF, Part 1, Line 24) by the

federal distributable net income (Form MO-NRF, Part 1, Line 23). The

Enter the amount on the Estate or Trust Row on Form MO-1041, Line 8

percentage cannot exceed 100 percent or be less than 0 percent. The

(subtraction) or Line 10 (addition).

amount from Line 4 is multiplied by this percentage on Line 5 and is

The amount after each name is to be reported as an adjustment, either as

an addition or subtraction from the federal adjusted gross income. A copy

of this part (or its information) must be provided to each beneficiary.

Instructions For Form Mo-Nrf - 2012

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