Form It 1041 - Fiduciary Income Tax Return - 2016 Page 4
Download a blank fillable Form It 1041 - Fiduciary Income Tax Return - 2016 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form It 1041 - Fiduciary Income Tax Return - 2016 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
62016 Ohio IT 1041
Fiduciary Income Tax Return
Rev. 8/16
16180406
FEIN
If the amount on a line is negative, place a negative sign (“–”) before the fi gure.
Schedule D – Estate Nonresident Credit
56. Enter the portion of Ohio taxable income (line 3) not earned or received in Ohio (include
0 0
.
Ohio IT 2023)
...................................................................................................................................... 56.
0 0
.
..................................................................................................... 57.
57. Enter Ohio taxable income (line 3)
58. Divide line 56 by line 57 and enter percentage here
%. Multiply this percentage
by the amount shown on line 8 reduced by the amount shown on line 9. Enter here and on
0 0
.
line 10
................................................................................................................................................. 58.
Schedule F – Allocated Qualifying Trust Amounts
59. Enter the trust’s portion of capital gains/losses recognized to the extent included in Ohio
taxable income (line 3) if the location of the physical assets of the closely held investee is
0 0
.
available
............................................................................................................................................. 59.
60. Enter the percentage of the closely held investee’s physical assets located within Ohio
.................. 60.
0 0
.
61. Multiply the amount on line 59 by the percentage on line 60. Enter here and on line 4
..................... 61.
Schedule G – Apportioned Income for Trusts
62. Enter (i) the trust’s business income not included in line 59 and (ii) the trust’s qualifying
0 0
.
investment income not otherwise a part of business income and not included in line 59
.................. 62.
63. Enter the Ohio apportionment ratio from line 78 of the apportionment worksheet on page 5
............ 63.
64. Multiply the amount on line 62 by the apportionment ratio on line 63. Enter here and on
0 0
.
................................................................................................................................................... 64.
line 5
Schedule H – Allocated Nonbusiness Income for Trusts
If distributive share is business income from a pass-through entity, use Schedule G.
65. Resident trusts: Enter the trust’s portion of Ohio taxable income (line 3) not reported on lines
0 0
.
59 or 62
.............................................................................................................................................. 65.
66. Nonresident trusts: Enter the trust’s portion of Ohio taxable income (line 3) not reported on
lines 59 or 62 to the extent such income (i) was derived from real or tangible property located
0 0
.
in or based in Ohio or (ii) was sitused to Ohio (see instructions for line 66)
...................................... 66.
0 0
.
............................................................................. 67.
67. Add lines 65 and 66 and enter here and on line 6
Schedule I – Tax Credit for Resident Trusts
68. Enter the amount of allocated resident trust nonbusiness income (line 65, above) subject to
0 0
.
tax in one or more states or in the District of Columbia
..................................................................... 68.
0 0
.
69. Enter the amount from line 8
.............................................................................................................. 69.
0 0
.
70. Enter the amount of modifi ed Ohio taxable income from line 7
.......................................................... 70.
71. Divide line 69 by line 70 and enter the percentage here. This is the average effective tax
rate
..................................................................................................................................................... 71.
0 0
.
72. Multiply the amount on line 68 by the percentage reported on line 71
............................................... 72.
73. Enter the amount of tax actually paid by the resident trust to another state or the District of
0 0
.
Columbia on the trust’s allocated nonbusiness income
..................................................................... 73.
74. Enter the smaller of the amount on lines 72 and 73. This is the resident trust’s Ohio tax credit.
0 0
.
Enter here and on line 10
................................................................................................................... 74.
Do not write in this area; for department use only.
2016 IT 1041 – pg. 4 of 5
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial