Form 1041me - Income Tax Return For Resident And Nonresident Trusts And Estates - 2003 Page 2
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1
2*0309101*
FORM 1041ME, page 2
00
SCHEDULE 1 - FIDUCIARY ADJUSTMENT
*0309101*
(Enter combined amounts for both the beneficiaries and the estate or trust)
1
ADDITIONS — Income exempt from federal income tax, but taxable by Maine law:
,
0 0
.
a Income from municipal and state bonds, other than Maine .................................................................................................. 1a
,
0 0
.
b Net Operating Loss Recovery Adjustment (attach schedule) ............................................................................................... 1b
0 0
,
.
c Maine State Retirement Contributions ................................................................................................................................... 1c
0 0
,
.
d Fiduciary Adjustment-additions only ...................................................................................................................................... 1d
0 0
,
.
e Bonus Depreciation and IRC §179 Expense Add-back (See instructions) ........................................................................... 1e
0 0
,
.
f Other. List _______________________________ (See instructions) ................................................................................. 1f
0 0
,
.
g Total additions (add lines 1a through 1f) ............................................................................................................................... 1g
2
DEDUCTIONS — Income exempt from Maine income tax, but taxable by federal law:
0 0
,
.
a U.S. Government Bond interest included in federal taxable income ..................................................................................... 2a
0 0
,
.
b Social Security and Railroad Retirement Benefits included in federal taxable income (see instructions) ............................ 2b
0 0
,
.
c Interest from Maine Municipal General Obligation Bonds included in federal taxable income ............................................. 2c
d Maine State Retirement System Pick-Up Contributions paid during 2003
0 0
,
.
which have been previously taxed by the state ..................................................................................................................... 2d
0 0
,
.
e Federal Work Opportunity Credit .......................................................................................................................................... 2e
0 0
,
.
f Other. List ____________________________________________ (See instructions) .................................................... 2f
0 0
,
.
g Total Deductions (add lines 2a through 2f) ........................................................................................................................... 2g
0 0
.
,
3
Net Fiduciary Adjustment (subtract line 2g from line 1g — see instructions [may be a negative amount]) ............................. 3
Resident trusts or estates: If the trust’s/estate’s share of distributable net income is less than 100%, multiply the result of
subtracting line 2g from line 1g ($_____________) by Schedule 2, Column 3, line f. Enter result here and on page 1, line 2. Nonresident trusts or estates: Enter total
fiduciary adjustment here and on Schedule NR, line 4. Do not apply the allocation rate from Schedule 2 at this time; the rate will be applied when completing Schedule
NR.
SCHEDULE 2 — ALLOCATION OF FEDERAL INCOME AND MAINE-SOURCE INCOME
1. Name
2. Share of income
3. Percent
4. State
5. Social security
6. Maine-source income allocated
B = beneficiary
(copy from federal return)
of
number/EIN of
to nonresident beneficiaries
TE = trust or estate
domicile
beneficiaries
(
) a
B
-
$
%
$
(
) b
B
-
$
%
$
(
) c
B
-
$
%
$
(
) d
B
-
$
%
$
(
) e
B
-
$
%
$
) f (
T
E
-
$
%
$
(
) g
T
t o
l a
$
1
0
0
%
Nonresident:
Line g, column 6: Enter the amount from Schedule NR, line 5, column B. Complete column 6 for nonresident beneficiaries based on
the amount entered on line g, column 6, and also based on the percentages in column 3.
SCHEDULE 3 - CREDIT FOR INCOME TAX PAID TO ANOTHER JURISDICTION
0 0
.
,
1
Maine taxable income from Form 1041ME, page 1, line 3 ................................................................................................................. 1
0 0
.
,
2
Income taxed by ( ___________________________________ other jurisdiction) included in line 1 .............................................. 2
3
Percentage of income taxed by other jurisdiction (divide line 2 by line 1) .......................................................................................... 3 _________________________ %
4
Limitation of credit:
0 0
.
,
a Form 1041ME, page 1, line 4 $ ________________ multiplied by __________ % on line 3 above ........................................... 4a
0 0
.
,
b Income taxes paid to other jurisdiction net of tax credits .............................................................................................................. 4b
0 0
,
.
5
Allowable credit: line 4a or 4b, whichever is less. Enter here and on Form 1041ME, Schedule A, line 4 ........................................ 5
Special instructions for taxpayers who claim credit for income tax paid to more than one other jurisdiction: Credit for each jurisdiction must be computed separately.
Use a separate Schedule 3 for each one. Add the results together and enter total on Schedule A, line 4.
Printed under Approp. 010 18F 0002.07
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