Schedule Ct-1041 K-1 - Beneficiary'S Share Of Certain Connecticut Items - 2013 Page 2
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1
2Schedule CT- 1041 K-1
Instructions
Check only one applicable box to identify if this is an amended
Complete the schedule in blue or black ink only.
or fi nal Schedule CT-1041 K-1.
A fi duciary must furnish Schedule CT-1041 K-1, Benefi ciary’s
Enter the benefi ciary’s portion and percentage of the distributable
Share of Certain Connecticut Items, to each benefi ciary to report
net income (DNI).
the benefi ciary’s share of the Connecticut fi duciary adjustment,
income, and credits from a trust or a decedent’s estate. The trust
Part I - Connecticut Fiduciary Adjustment
or estate’s information must be properly completed.
Transfer entries for each benefi ciary from Schedule CT-1041B,
If the trust or estate does not have any fi duciary adjustments,
Column 5.
Connecticut-sourced income, or credits reportable on Schedule
CT-IT Credit, then Schedule CT-1041 K-1 does not need to be
Part II - Connecticut-Sourced Portion of Items
completed on behalf of the benefi ciaries.
Transfer entries for the nonresident benefi ciary from federal
Grantor trusts do not use Schedule CT-1041K-1 to report the
Schedule K-1, Benefi ciary’s Share of Income, Deductions,
income, deductions, or credits of the grantor or other person
Credits, etc. Part II does not need to be completed if there is
treated as owner. See Grantor Trust on Page 5.
no Connecticut-sourced income.
Instructions for Fiduciaries
Part III - Schedule CT-IT Credit
A fi duciary (or one of the joint fi duciaries) must complete Parts I,
Complete Worksheet B, Worksheet for Schedule CT-IT Credit, on
II, and III for each nonresident benefi ciary and Parts I and III
Page 19. Transfer entries for the benefi ciary from the worksheet
for each resident benefi ciary. A fi duciary must furnish Schedule
to the corresponding lines on Lines 1 through 4.
CT-1041 K-1 on or before the fi fteenth day of the fourth month
following the close of the taxable year (April 15 if the trust or
General Instructions for Benefi ciaries
estate’s taxable year for federal income tax purposes is the
Do not attach Schedule CT-1041 K-1 to Form CT-1040,
calendar year). If the fi duciary requested an extension of time
Connecticut Income Tax Return, or Form CT-1040NR/PY,
to fi le Form CT-1041, Connecticut Income Tax Return for Trusts
Connecticut Nonresident and Part-Year Resident Income Tax
and Estates, by timely fi ling Form CT-1041 EXT, Application
Return.
for Extension of Time to File Connecticut Income Tax Return
Benefi ciaries Who Are Resident Individuals: Enter amount
for Trusts and Estates, the deadline for furnishing Schedule
from Schedule CT-1041 K-1, Part I, on Form CT-1040, Schedule 1,
CT-1041 K-1 to benefi ciaries is automatically extended to the
Line 35, if positive, or Line 46, if negative.
fi fteenth day of the ninth month following the close of the taxable
year (September 15 if the trust or estate’s taxable year for federal
Use amount from Schedule CT-1041 K-1, Part III to complete
income tax purposes is the calendar year).
Schedule CT-IT Credit, Income Tax Credit Summary.
Copies of all Schedule CT-1041 K-1s issued by the fi duciary to
Benefi ciaries Who Are Nonresident or Part-Year Resident
the benefi ciaries must be fi led with the Department of Revenue
Individuals: Enter amount from Schedule CT-1041 K-1, Part I,
Services (DRS). Do not attach Form CT-1041 K-1s to the trust
on Form CT-1040NR/PY, Schedule 1, Line 37, if positive, or
or estate’s Form CT-1041. Schedule CT-1041 K-1s must be
Line 48, if negative.
attached to Form CT-1041 K-1T, Transmittal of Schedule
Enter amounts from Schedule CT-1041 K-1, Part II, Lines 1
CT-1041 K-1 - Benefi ciary’s Share of Certain Connecticut Items,
through 9, on the appropriate lines of Form CT-1040NR/PY,
and sent separately to DRS. Do not fi le Form CT-1041 K-1T and
Schedule CT-SI, Nonresident or Part-Year Resident Schedule
Schedule CT-1041 K-1s if Form CT-1041 was electronically fi led
of Income from Connecticut Sources.
with DRS. See Form CT-1041 K-1T instructions.
Use amount from Part III to complete Schedule CT-IT Credit.
Specifi c Instructions for Schedule CT-1041 K-1
Benefi ciaries That Are Trusts or Estates: Enter amounts from
Complete the Trust or Estate Information and the Benefi ciary
Schedule CT-1041 K-1, Part I, on Form CT-1041, Schedule A,
Information sections including the benefi ciary’s Social Security
Line 5, if positive, or Line 11, if negative.
Number (SSN) or Federal Employer Identifi cation Number
Use the amounts from Schedule CT-1041 K-1, Part II, Lines 1
(FEIN). Check the box to indicate if the number is an SSN or
through 9, to calculate Connecticut taxable income of the trust
FEIN.
or estate.
Check only one applicable box to identify the benefi ciary’s
Use amounts from Schedule CT-1041 K-1, Part III, to complete
resident status.
Schedule CT-IT Credit.
Part-Year Resident Beneficiary: If the beneficiary is a
You are required to attach Schedule CT-1041 K-1 to Form
part-year resident, indicate the date moved in or out of
CT-1041.
Connecticut.
12/13
Schedule CT-1041 K-1 Back (Rev.
)
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