Form 1041-Es Instructions - 2011 Page 4
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52011 Tax Computation Worksheet Using Maximum Capital Gains Rates (Use this computation if the estate or trust expects
a net capital gain or qualified dividends and line 6 of the 2011 Estimated Tax Worksheet is more than zero.)
Caution: Do not include any amounts allocable to the beneficiaries of the estate or trust on lines 2, 3, and 4 below.
1
Enter taxable income (from line 6 of the Worksheet on page 3)
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2
Enter the qualified dividends and net capital gain expected for 2011
(Reminder: Do not include any qualified dividends or capital gain from the
disposition of property held for investment that you elect to include in
investment income for investment interest expense purposes.)
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Enter the 28% rate gain expected for 2011 .
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4
Enter the unrecaptured section 1250 gain expected for 2011 .
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Add lines 3 and 4 and enter the smaller of that sum or the amount of net
capital gain included in line 2
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6
Subtract line 5 from line 2. If zero or less, enter -0- .
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Subtract line 6 from line 1. If zero or less, enter -0- .
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Enter the smaller of line 1 or $2,300 .
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Enter the smaller of line 7 or line 8
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Subtract line 2 from line 1. If zero or less, enter -0- .
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11
Enter the larger of line 9 or line 10
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Tax on amount on line 11 from the 2011 Tax Rate Schedule .
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Note: If the amounts on lines 8 and 9 are the same, skip lines 13 through 15 and go to line 16.
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Enter the amount from line 8
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Enter the amount from line 7
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Subtract line 14 from line 13. If zero or less, enter -0-
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Note: If the amounts on lines 1 and 8 are the same, skip lines 16 through 29 and go to line 30.
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Enter the smaller of line 1 or line 6
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Enter the amount from line 15 (if line 15 is blank, enter -0-)
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Subtract line 17 from line 16
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Multiply line 18 by 15% (.15)
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Note: If line 5 is zero or blank, skip lines 20 through 29 and go to line 30.
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Enter the smaller of line 2 or line 4
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Add lines 2 and 11 .
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Enter the amount from line 1
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Subtract line 22 from line 21. If zero or less, enter -0-
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Subtract line 23 from line 20. If zero or less, enter -0-
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Multiply line 24 by 25% (.25)
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Note: If line 3 is zero or blank, skip lines 26 through 29 and go to line 30.
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Enter the amount from line 1
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Add lines 11, 15, 18, and 24 .
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Subtract line 27 from line 26
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Multiply line 28 by 28% (.28)
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Add lines 12, 19, 25, and 29 .
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Tax on the amount on line 1 from the 2011 Tax Rate Schedule
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Tax. Enter the smaller of line 30 or line 31 here and on line 7 of the Worksheet on page 3 .
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