Form 1041-Es - Estimated Income Tax For Estates And Trusts - 2016 Page 4
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72016 Tax Computation Worksheet Using Maximum Capital Gains Rates (Use this computation if the estate or trust expects
a net capital gain or qualified dividends and line 6 of the 2016 Estimated Tax Worksheet is more than zero.)
Caution: Do not include any amounts allocable to the beneficiaries of the estate or trust on lines 2, 3, and 4 below.
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Enter taxable income (from line 6 of the 2016 Estimated Tax Worksheet)
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2
Enter the qualified dividends and net capital gain expected for 2016 (Reminder: Do not include
any qualified dividends or capital gain from the disposition of property held for investment that
you elect to include in investment income for investment interest expense purposes.)
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Enter the 28% rate gain expected for 2016 .
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4
Enter the unrecaptured section 1250 gain expected for 2016 .
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Add lines 3 and 4 and enter the smaller of that sum or the amount of net capital gain included in line 2
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Subtract line 5 from line 2. If zero or less, enter -0- .
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Subtract line 6 from line 1. If zero or less, enter -0- .
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Enter the smaller of line 1 or $2,550 .
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Enter the smaller of line 7 or line 8
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Subtract line 2 from line 1. If zero or less, enter -0- .
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Enter the larger of line 9 or line 10
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Tax on amount on line 11 from the 2016 Tax Rate Schedule .
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Note: If the amounts on lines 8 and 9 are the same, skip lines 13 through 15 and go to line 16.
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Enter the amount from line 8
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Enter the amount from line 7
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Subtract line 14 from line 13. If zero or less, enter -0-
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Note: If the amounts on lines 1 and 8 are the same, skip lines 16 through 37 and go to line 38.
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Enter the smaller of line 1 or line 6
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Enter the amount from line 15 (if line 15 is blank, enter -0-)
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Subtract line 17 from line 16. If zero or less, enter -0-
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Enter the smaller of line 1 or $12,400 .
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Add lines 11 and 15
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Subtract line 20 from line 19. If zero or less, enter -0-
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Enter the smaller of line 18 or line 21
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Multiply line 22 by 15% (0.15) .
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Enter the amount from line 16 .
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Add lines 15 and 22
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Subtract line 25 from line 24. If zero or less, enter -0-
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Multiply line 26 by 20% (0.20) .
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Note: If line 5 is zero or blank, skip lines 28 through 37 and go to line 38.
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Enter the smaller of line 2 or line 4
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Add lines 2 and 11 .
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Enter the amount from line 1
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Subtract line 30 from line 29. If zero or less, enter -0-
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Subtract line 31 from line 28. If zero or less, enter -0-
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Multiply line 32 by 25% (0.25) .
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Note: If line 3 is zero or blank, skip lines 34 through 37 and go to line 38.
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Enter the amount from line 1
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Add lines 11, 15, 22, 26, and 32
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Subtract line 35 from line 34
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Multiply line 36 by 28% (0.28) .
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Add lines 12, 23, 27, 33, and 37
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Tax on the amount on line 1 from the 2016 Tax Rate Schedule .
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Tax. Enter the smaller of line 38 or line 39 here and on line 7 of the 2016 Estimated Tax Worksheet
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Exemption Worksheet for Qualified Disability Trusts Only
Keep for Your Records
Note: If the trust's modified AGI is less than or equal to $259,400, enter $4,050 on line 4 of the 2016 Estimated Tax Worksheet.
Otherwise, complete the worksheet below to figure the trust's exemption.
1
Maximum exemption .
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$4,050
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Enter the trust's modified AGI .
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Threshold amount .
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$259,400
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Subtract line 3 from line 2
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4
Note: If line 4 is more than $122,500, stop here. The trust's exemption is zero.
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Divide line 4 by $2,550. If the result is not a whole number, increase it to
the next higher whole number (for example, increase 0.0004 to 1)
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Multiply line 5 by 2% (0.02) and enter the result as a decimal .
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Multiply line 1 by line 6
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Exemption. Subtract line 7 from line 1. Enter the result here and on line 4 of the 2016 Estimated Tax Worksheet
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