Form Sc1041 - Fiduciary Income Tax Return - 2012 Page 3

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FOR NONRESIDENT ESTATES AND TRUSTS OR RESIDENT ESTATES AND TRUSTS
WITH NONRESIDENT BENEFICIARIES
Part III - COMPUTATION OF FEDERAL TAXABLE INCOME OF THE ESTATE OR TRUST FROM
Page 3
SOUTH CAROLINA SOURCES
B. Total income as
C. That part of
D. Nonresident fiduciary's
A.
These items correspond to page 1.
reported on federal
Column B
portion of Column C and
federal Form 1041
Form 1041
from South Carolina
capital gains not
sources
distributed
1.
Interest income
2.
Dividends
3.
Business income or (loss)
4.
Capital gain or (loss)
5.
Rents, royalties, partnerships, other estates and trusts, etc.
6.
Farm income or (loss)
7.
Ordinary gain or (loss)
8.
Other income
9.
Total income (combine lines 1 through 8)
10.
Interest
11.
Taxes
12.
Fiduciary fees
13.
Charitable deduction
14.
Attorney, accountant, and return preparer fees
15a. Other deductions NOT subject to the 2% floor
15b. Allowable
itemized deductions subject
floor
miscellaneous
to the 2%
16.
Total (add lines 10 through 15b)
17.
Subtract line 16 from line 9
18.
Distributions to beneficiaries
}
SC estate tax on income in
19.
Federal estate tax (fiduciary)
respect of a decedent, is
Federal estate tax (beneficiary)
entered in columns C and D
20.
Exemption
21.
Total (add lines 18 through 20)
22.
Taxable income (subtract line 21 from line 17)
23.
Total percent of all nonresident beneficiaries
%
(from Part II, page 2)
24.
Total South Carolina income of nonresident beneficiaries
(multiply line 22 by line 23)
Part IV - NONRESIDENT BENEFICIARIES' SHARES OF INCOME AND CREDITS
A. Name
B. Beneficiary's
C. South Carolina
D. South Carolina
E. Less amounts
F. Tax to be withheld
percentage
capital gain (line 4,
ordinary income (line
exempt from
(net amount of column
from Part II
column C, Part III
22, column C, Part III
withholding by
C,
multiplied by
less capital gains
I-41 Affidavit.
column D and column E
column B)
times Column B.)
times 7%)
a.
b.
c.
d.
e.
f.
g.
h.
i.
TOTALS
%
Part V - NONRESIDENT EXEMPTION ALLOWANCE FOR FIDUCIARY
1
1. Exemption allowance claimed on federal Form 1041
2
%
2. Ratio of total South Carolina income (line 9, column D, Part III) to total federal income (line 9, column B, Part III)
3
3. South Carolina nonresident fiduciary exemption (multiply line 1 by line 2 and enter on line 6 page 1)
30843023

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