Form N-40 - Schedule J - Trust Allocation Ofhawaii Form N-40 Schedule J An Accumulation Distribution - 2006 Page 2
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2SCHEDULE J FORM N-40 (REV. 2006)
PAGE 2
Taxes Imposed on Undistributed Net Income
If more than five throwback years
(Enter the applicable throwback years below.)
Part III
are involved, attach additional schedules. If the trust received an accumulation distribution from another trust, see federal Regulations section 1.665(d)-1A.
Throwback Year
Throwback Year
Throwback Year
Throwback Year
Throwback Year
18. Tax (Enter tax amount from line 22,
page 1 of Form N-40 for years
prior to 1/1/83. For years after
12/31/82, enter amount from line
23, page 1 of Form N-40 for each
throwback year) . . . . . . . . . . . . . . . .
18
19. Net short term gain (Enter the
smaller of the amount from line 15,
col. (b), or line 17, col. (b), 2005
Schedule D (Form N-40) and
comparable lines for other throwback
years.) . . . . . . . . . . . . . . . . . . . . . . . .
19
20.
Net long term gain (For years prior to 1/1/79,
enter 50% of line 16(e) or line 13(e),
whichever is applicable, Schedule D (Form
N-40). For years after 12/31/78 through
12/31/86, enter 40% of line 16(e), Schedule
D (Form N-40). For 1/1/87 through 3/31/87,
enter 45% of line 20(e), Schedule D-TR
(Form N-40). For 4/1/87 to 12/31/87, enter
the smaller of line 22 or 23, column 2,
Schedule D (Form N-40). For 1988 through
2005, enter the smaller of line 16 or 17,
column (b), Schedule D (Form N-40)) . . . .
20
21. Total net capital gain (Add lines 19
and 20, if net loss, enter zero.) . . . . .
21
22. Taxable income (Enter taxable
income amount from line 21, page
1, Form N-40 for years prior to
1/1/83. For years after 12/31/82,
enter the amount from line 22,
page 1 of Form N-40.). . . . . . . . . . . .
22
23. Enter percent (Divide line 21 by line
22, but not more than 100%) . . . . . .
23
24. Multiply amount on line 18 by
percentage on line 23 . . . . . . . . . . . .
24
25. Tax on undistributed net income
(Line 18 minus line 24. Enter here
and on page 1, line 9.) . . . . . . . . . . .
25
Allocation to Beneficiary —
Be sure to complete Form N-405, Tax on Accumulation Distributions of Trusts.
Complete Part IV for each beneficiary. If the accumulation distribution is allocated to more than one beneficiary, attach an additional Schedule J
Part IV
with Part IV completed for each additional beneficiary. If more than five throwback years are involved, attach additional schedules.
Beneficiary’s name
Identifying number
Beneficiary’s address (number and street including apartment number or rural route)
This
This
This
beneficiary’s
beneficiary’s
beneficiary’s
share of
share of
share of
City, town, or post office, State, and ZIP code
line 13
line 14
line 16
(a)
(b)
(c)
26. Throwback year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
27. Throwback year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
28. Throwback year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
29. Throwback year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
30. Throwback year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
31. Total. (add amounts on lines 26 through 30) Enter here and on
the appropriate lines of Form N-405 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
SCHEDULE J FORM N-40
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