Form It 1041 - Fiduciary Income Tax Return - 2016 Page 3
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62016 Ohio IT 1041
Fiduciary Income Tax Return
Rev. 8/16
16180306
FEIN
If the amount on a line is negative, place a negative sign (“–”) before the fi gure.
Schedule A – Adjustments to Federal Taxable Income Net of Related Expenses...cont.
Deductions – Note: Deduct income items described below only to the extent that those amounts
are not already deducted or excluded from federal taxable income after distributions.
0 0
.
......................... 32.
32. Federal interest and dividends exempt from state taxation net of related expenses
0 0
.
...................................................................... 33.
33. Certain state and municipal income tax overpayments
0 0
.
34. Losses from an ESBT not shown in federal taxable income
.............................................................. 34.
35. Wage and salary expense not previously deducted due to the federal targeted jobs credit or
0 0
.
the work opportunity credit
................................................................................................................. 35.
36. Interest income from Ohio public obligations and Ohio purchase obligations and gains from the
0 0
.
sale or other disposition of Ohio public obligations
............................................................................ 36.
37. Refunds or reimbursements of prior year federal itemized deductions and miscellaneous federal
0 0
.
tax adjustments
.................................................................................................................................. 37.
0 0
.
38. Farm income from a farm of at least 10 acres (trusts only)
................................................................ 38.
39. Adjustment for Internal Revenue Code section 168(k) depreciation expense. Include a separate
0 0
.
.......................................................... 39.
schedule showing calculations designating 1/2, 1/5 or 1/6
0 0
.
40. Repayment of income reported in a prior year and not otherwise deducted
...................................... 40.
0 0
.
41. Total deductions (sum of lines 32 through 40)
.................................................................................... 41.
0 0
.
42. Net adjustments (subtract line 41 from line 31). Enter here and on line 2
.......................................... 42.
Schedule B – Estate Credits
0 0
.
.......................................... 43.
43. Retirement income credit (see instructions for credit table) (limit – $200)
0 0
.
44. Lump sum retirement credit (see instructions to calculate the credit)
.................................................. 44.
0 0
.
45. Senior citizen’s credit (limit – $50 per return)
.................................................................................... 45.
46. Lump sum distribution credit (must be 65 or older to claim this credit; see instructions to
0 0
.
calculate this credit)
............................................................................................................................. 46.
0 0
.
47. Child and dependent care credit (see instructions and worksheet in Ohio IT 1040 booklet)
................... 47.
0 0
.
48. Ohio political contributions credit
......................................................................................................... 48.
0 0
.
.................................................................................................... 49.
49. Ohio adoption credit (limit $10,000)
0 0
.
50. Total Schedule B credits (sum of lines 43 through 49) – enter here and on line 9
............................. 50.
Schedule C – Estate Ohio Resident Credit
51. Enter the portion of Ohio taxable income (line 3) subjected to tax by other states or the
0 0
.
District of Columbia while an Ohio resident
....................................................................................... 51.
0 0
.
52. Enter Ohio taxable income (line 3)
..................................................................................................... 52.
53. Divide line 51 by line 52 and enter percentage here
%. Multiply this percentage
0 0
.
by the amount shown on line 8 reduced by any amount shown on line 9
.......................................... 53.
54. Enter the 2016 income tax, less all related credits other than withholding and estimated tax payments
0 0
.
and carryforwards from previous years, paid to other states or the District of Columbia
................................ 54.
55. Enter the smaller of line 53 or line 54. This is your Ohio resident tax credit. Enter here and on
0 0
.
line 10
................................................................................................................................................. 55.
Do not write in this area; for department use only.
2016 IT 1041 – pg. 3 of 5
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