YEAR
CALIFORNIA FORM
2002
5870A
Tax on Accumulation Distribution of Trusts
Attach to beneficiary’s tax return.
Name(s) as shown on your return
Social security number
-
-
Federal employer identification no. (FEIN)
Name and address of trust
-
PMB no.
Enter number of trusts from which you received
Beneficiary’s date of birth
accumulation distributions in this tax year . . . . . . .
Month
Day
Year
Part I
Tax on Accumulation Distribution under IRC Section 667.
Section A — Average Income and Determination of Computation Years
1 Amount of current distribution that is considered distributed in earlier years from Schedule J (541), line 30, column (a) . .
1
2 Distributions of income accumulated before you were born or reached age 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Taxes imposed on the trust on amounts from line 3 from Schedule J (541), line 30, column (b) . . . . . . . . . . . . . . . . . . . . .
4
5 Total. Add line 3 and line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Tax-exempt interest included on line 5 from Schedule J (541), line 30, column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 Taxable part of line 5. Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Number of trust’s earlier years in which amounts on line 7 are considered distributed . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
8
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
9 Average annual amount considered distributed. Divide line 3 by line 8 . . . . . . . . . . . . .
9
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
10 Multiply line 9 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
11 Number of trust’s earlier tax years to be taken into account. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 Average amount for recomputing tax. Divide line 7 by line 11. Enter here and in each column on line 15 below . . . . . . . .
12
13 Enter your taxable income before this distribution for the five immediately preceding years:
2001
2000
1999
1998
1997
13
Section B — Tax Attributable to the Accumulation Distribution
(a)
(b)
(c)
Year ________
Year ________
Year ________
14 Enter the amounts and the years from line 13, eliminating the
highest and lowest taxable income years . . . . . . . . . . . . . . . . . .
14
15 Enter amount from line 12 in each column . . . . . . . . . . . . . . . . .
15
16 Recomputed taxable income. Add line 14 and line 15 . . . . . . . . .
16
17 Tax on amounts on line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
18 Tax before credits on line 14 income . . . . . . . . . . . . . . . . . . . . .
18
19 Additional tax before credits. Subtract line 18 from line 17 . . . .
19
20 Tax credit adjustment. Attach schedule . . . . . . . . . . . . . . . . . . . .
20
21 Subtract line 20 from line 19. See instructions . . . . . . . . . . . . . .
21
22 Alternative minimum tax adjustments . . . . . . . . . . . . . . . . . . . . .
22
23 Combine line 21 and line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
24 Add column (a), column (b), and column (c) of line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
25 Divide the amount on line 24 by 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
26 Multiply the amount on line 25 by the number of years on line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
27 Enter the amount from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
28 Partial tax attributable to the accumulation distribution. Subtract line 27 from line 26. If zero or less, enter -0-.
See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
5870A02104
FTB 5870A 2002 Side 1
For Privacy Act Notice, get form FTB 1131.