Form 541 - California Fiduciary Income Tax Return - 2003
ADVERTISEMENT
1
2
3TAXABLE YEAR
FORM
California Fiduciary Income Tax Return
2003
541
For calendar year 2003 or fiscal year beginning month________ day________ year 2003, and ending month________ day________ year________
¼ ¼ ¼ ¼ ¼
Federal employer identification no. (FEIN)
Name of estate or trust
P
Type of entity:
-
(1)
Decedent’s estate
(2)
Simple trust
Name and title of all fiduciaries, see instructions
PBA Code
(3)
Complex trust
(4)
Grantor type
AC
Address of fiduciary (number and street including suite number, PO Box, or rural route)
PMB no.
trust
(5)
Bankruptcy estate
A
– Chapter 7
City
State
ZIP Code
-
(6)
Bankruptcy estate
R
– Chapter 11
(7)
Pooled income
¼
fund
Check applicable boxes:
Initial return
Final return
REMIC
(8)
ESBT
(S portion only)
Amended return. Attach explanation and schedules
Change in fiduciary’s name or address
RP
(9)
QSST
Trusts that have nonresident trustees or beneficiaries see Side 3, Non-California Source Income and Deduction Apportionment Worksheet.
1 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 _________________
2 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _________________
¼
3 Business income or (loss). Attach federal Schedule C or C-EZ (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 _________________
¼
4 Capital gain or (loss). Attach Schedule D (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 _________________
¼
5 Rents, royalties, partnerships, other estates and trusts, etc. Attach federal Schedule E (Form 1040) . . . . . . . . . . . . . . . . . .
5 _________________
¼
6 Farm income or (loss). Attach federal Schedule F (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 _________________
¼
7 Ordinary gain or (loss). Attach Schedule D-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 _________________
¼
8 Other income. See instructions. State nature of income___________________________________________ . . . . . . . . . .
8 _________________
¼
9 Total income. Combine line 1 through line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 _________________
_________________
10 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 _________________
11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 _________________
¼
12 Fiduciary fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 _________________
¼
13 Charitable deduction. Enter the amount from Side 3, Schedule A, line 7 . . . . . . . . . . . . . . . . . .
13 _________________
14 Attorney, accountant, and return preparer fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 _________________
¼
15 a Other deductions not subject to 2% floor. Attach schedule . . . . . .
15a _________________
¼
b Allowable misc. itemized deductions subject to 2% floor . . . . . . .
15b _________________
¼
c Total. Add line 15a and line 15b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15c _________________
¼
16 Total. Add line 10 through line 14 and line 15c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 _________________
¼
17 Adjusted total income (or loss). Subtract line 16 from line 9. Enter here and on Side 3, Schedule B, line 1 . . . . . . . . . . . . .
17 _________________
¼
18 Income distribution deduction from Side 3, Schedule B, line 15. Attach Schedule K-1 (541) . . . . . . . . . . . . . . . . . . . . . . . .
18 _________________
20 Taxable income of fiduciary. Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 _________________
¼
21 a Regular tax __________________; b Other taxes __________________; c QSF tax __________________; d Total
21 _________________
22 Exemption credit ($10.00 for an estate, $1.00 for a trust). See instructions . . . . . . . . . . . . . . . . . . . 22 _________________
¼
¼
23 Credits. Attach worksheet. If one credit, enter code
. . . . . . . . . . . . . . . . . . . . . .
23 _________________
Note: If more than one credit, see instructions.
¼
24 Total. Add line 22 and line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 _________________
25 Subtract line 24 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 _________________
¼
26 Alternative minimum tax. Attach Schedule P (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26 _________________
¼
27 Tax liability. Add line 25 and line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27 _________________
28 California income tax withheld, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28 _________________
29 California income tax previously paid. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29 _________________
30 Real estate or nonresident withholding (Form(s) 597, 594, or 592-B). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . .
30 _________________
31 2003 CA estimated tax, amount applied from 2002 return, and payment with form FTB 3563 . . . . . . . . . . . . . . . . . . . . . . . .
31 _________________
32 Total payments. Add line 28, line 29, line 30, and line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 _________________
33 Tax due. Subtract line 32 from line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33 _________________
54103104
Form 541
2003 Side 1
C1
For Privacy Act Notice, get form FTB 1131.
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Parent category: Financial