Form D407 - Estates And Trusts Income Tax Return

Form D407 - Estates And Trusts Income Tax Return - 2004 Page 3

Estates and Trusts

D-407TC

Tax Credit Summary

10-01

North Carolina Department of Revenue

File this form with Form D-407, Estates and Trusts Income Tax Return, if any tax credits are to be allocated to the Fiduciary. Do not attach

the form if no tax credits are claimed. See Form D-407A, Instructions for Estates and Trusts Income Tax Return, for additional

information on tax credits allowed to estates and trusts. Enter on the lines below only the portion of any tax credit allocated to the fiduciary.

Legal Name (First 10 Characters)

Federal Employer ID Number

Tax Credits Not Subject to 50% of Tax Limit (Attach schedule for each credit.)

Part 1.

Credit for Tax Paid to Another State or Country

(From Part 4 Reverse, Section B, Line 7)

Rehabilitating an Historic Structure

Fill in applicable circle:

Income Producing

Non-Income Producing

Certain Real Property Donations

Handicapped Dwelling Units

Other

Fill in applicable circles:

Conservation Tillage

Gleaned Crops

Farm Machinery

Poultry Composting

Total Tax Credits Not Subject to 50% Limit

(Add Lines 1 through 5)

Amount of Income Tax Due

(From Form D-407, Page 1, Line 8)

Enter the Lesser of Line 6 or Line 7

Part 2.

Tax Credits Subject to 50% of Tax Limit

Total Tax Credits Subject to 50% Limit Taken in Current Period

(From Form NC-478, Part 3, Line 29)

Part 3. Total Credits Applied to Current Year

10.

Add Lines 8 and 9

10.

(Enter the amount here and on Form D-407, Line 9)

Form D407 - Estates And Trusts Income Tax Return - 2004 Page 3