Form D-407 - Estates And Trusts Income Tax Return - 2008 Page 5

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2008 Beneficiary’s Share of North Carolina Income,
NC K-1
Adjustments, and Credits
D-407
North Carolina Department of Revenue
9-08
0 8
For calendar year 2008, or fiscal year beginning
and ending
(MM-DD-YY)
(MM-DD)
Beneficiary’s Identifying Number
Federal Employer ID Number
Beneficiary’s Name, Address, and Zip Code
Estate’s or Trust’s Name, Address, and Zip Code
I n d i v i d u a l s F i l i n g F o r m
Estate’s or Trust’s Pro Rata Share Items
Amount
D-400 Enter Amount on:
1.
Beneficiary’s share of income (loss)
(This amount should already be
(Beneficiary’s share of amount from Federal
included in federal taxable income)
Form 1041, Line 18)
2.
Beneficiary’s share of additions to income (loss)
(From Form D-407, Schedule B, Line 3)
a. Addition for bonus depreciation
Note: A taxpayer may deduct 20% of the total amount
of bonus depreciation added to federal taxable income
Page 3, Line 38
in the tax year 2008 in each of the first five taxable
years beginning on or after January 1, 2009.
Page 3, Line 39
b. Other additions to income (loss)
3.
Beneficiary’s share of deductions from income (loss)
Page 3, Line 49
(From Form D-407, Schedule B, Line 4)
Form D-400TC
4.
Share of tax paid to another state or country
(See Form D-400 instructions)
(From Form D-407TC, Part 5, Line 4)
Form D-400TC
5.
Share of other tax credits
(See Form D-400 instructions)
6.
Portion of Line 1 above that is from N.C. sources
(Do not include intangible income from any
source or business income from sources outside
North Carolina)
The sum of Lines 6 and
7, minus Line 8, must
7.
Portion of Line 2 above that is attributable to N.C.
be included on Page 4,
source income
Line 51
8.
Portion of Line 3 above that is attributable to N.C.
source income

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