Schedule Ct-1041c - Connecticut Taxable Income Calculation - 2014

ADVERTISEMENT

Department of Revenue Services
Schedule CT-1041C
2014
State of Connecticut
Connecticut Taxable Income Calculation
(Rev. 12/14)
Complete this schedule in blue or black ink only.
Read the instructions on Page 24 in the Form CT-1041 instruction booklet before completing this schedule.
Name of trust or estate
Federal Employer Identifi cation Number (FEIN)
__ __
__ __ __ __ __ __ __
All resident estates and full-year resident trusts, except for those that meet the Quick-File Requirements, must complete
this schedule to determine the status of any nonresident benefi ciaries and to calculate Connecticut taxable income.
Attach Schedule CT-1041C to the back of Form CT-1041, Connecticut Income Tax Return for Trust and Estates.
Type of Trust or Estate: Check applicable box.
 1. Resident estate without any nonresident benefi ciaries or full-year resident trust without any nonresident benefi ciaries:
Complete Lines 4 through 6 and Line 14.
Resident estates or full-year resident trusts that meet the Quick-File Requirements, see Page 13.
2. Resident estate with one or more nonresident benefi ciaries, full-year resident testamentary trust with one or more
nonresident benefi ciaries, or full-year resident inter vivos trust with one or more nonresident benefi ciaries but without any
nonresident, noncontingent benefi ciaries:
First complete and attach Schedule CT-1041FA, Part 3 and Part 2. Then complete Lines 4 through 6 and Line 14.
3. Full-year resident inter vivos trust with one or more nonresident, noncontingent benefi ciaries:
First complete and attach Schedule CT-1041FA, Part 3 and Part 2. Then complete Lines 4 through 14.
4. Federal taxable income of the trust or estate from federal Form 1041, Line 22, and
00
federal ESBT tax computation attachment
4
5. Trust or estate’s share of Connecticut fi duciary adjustment from Schedule CT-1041B,
00
Part 1, Line e, Column 5
5
00
6. Connecticut gross taxable income as modifi ed: Add Line 4 and Line 5
6
Full-year resident inter vivos trusts with one or more nonresident, noncontingent benefi ciaries
complete Lines 7 through 14. All others go to Line 14.
00
7. Enter the trust or estate’s share of income from Connecticut sources. See instructions.
7
8a. Enter the amount from Schedule CT-1041FA,
Part 3, Line 4, Column B.
8a
00
8b. Enter the amount from Schedule CT-1041FA,
Part 3, Line 18, Column B.
8b
00
00
8c. Subtract Line 8b from Line 8a.
8c
00
9. Income from Connecticut sources as modifi ed: Add Line 7 and Line 8c.
9
10. Connecticut taxable income from non-Connecticut sources as modifi ed:
Subtract Line 9 from Line 6.
00
10
11. Enter as a decimal the percentage of resident, noncontingent benefi ciaries from
Schedule CT-1041B, Part 2, Line 4.
11
12. Connecticut taxable portion of non-Connecticut sourced income:
00
Multiply Line 10 by Line 11.
12
13. Connecticut taxable income of a resident inter vivos trust with one or more
nonresident, noncontingent benefi ciaries: Add Line 9 and Line 12.
00
13
14. Connecticut taxable income: If an inter vivos trust with one or more
nonresident, noncontingent benefi ciaries, enter the amount from Line 13 above.
Otherwise, enter the amount from Line 6 above. The amount entered on Line 14
00
must also be entered on Form CT-1041, Line 1.
14

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go